Message ID: 256517
Posted By: heimdal31
Posted On: 2005-04-15 21:50:00
Subject: Attn: Steve Stites
<<The repurchase agreement was illegal. See section 7. F. of my
SEC
complaint.
h++p://users.rcn.com/srstites/jacuse/sec.complaint.v4.html>>
Steve,
I'm
only halfway through your complaint, and I must say it is brilliant.
I still think you are probably wrong about the S-3, but that is
nothing compared to some of the other material you have put
together.
As I said, I'm only halfway through, but there are
two things I'm surprised I haven't seen mentioned yet. First the Sun
and MS licenses that helped to kick the stock bubble off were treated
by Morgan Keegan as senior debt or loans--not licensing deals. (See
www.threenorth.com/sco/timeline.html)
Also, and I don't have a
reference handy, but I can dig it up, the 200K (400K?) shares that BSF
was getting in partial payment came out of SCO's employee stock pool.
BSF never got those, becuase the time they were to have matured, they
were worth much less.
You may have both points, but I would
have expected to have seen them already.
His complaint is
lengthy, but is incredibly detailed. I recommend it to everyone
here. He has some good info on RBC that I've not seen posted here
before and he has a suggestion that SCO released two sets of numbers
for their pre-Q4 press releases. I'm following this post with a
quote of that from Steve's complaint, but if true, some of us should
have copies of the earlier one.
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