What I gathered from the slashdot postings was that the most recent "investments" amount to stock market shorts on SCOX. I can see how any business might want to play the "Death Spiral" angle on SCOX with the potential returns on those kind of figures. In fact, in that light it's kind of a honoring "investment" to anti-SCO folks -- "we're so sure you're going to die, we'd just like to legally short you before you go down."
Yes, I'm personally disgusted that RB did it (at least publicly), but then again, the RB that "invested" in SCOX probably isn't the bank you deposit your money at either -- RB is a very large and diversified business, and not _just_ a bank. That being said, if I could pay off my credit card tomorrow and get one at TD or somewhere else, I probably would. :-P My 2 cents, Curtis -----Original Message----- From: Ian Bruseker [mailto:[EMAIL PROTECTED] Sent: October 18, 2003 11:42 PM To: [EMAIL PROTECTED] Subject: (clug-talk) Royal Bank funding SCO -----BEGIN PGP SIGNED MESSAGE----- Hash: SHA1 http://www.eweek.com/article2/0,4149,1356718,00.asp and http://www.sec.gov/Archives/edgar/data/1102542/000110465903023055/a03-4160_1 ex10d1.htm and finally what got me to that story http://slashdot.org/article.pl?sid=03/10/17/2110216&mode=thread&tid=109&tid= 187&tid=88&tid=98&tid=99 It's actually a conspiracy theory story about how Microsoft might be behind the $50 million investment in SCO that happened earlier this week. But right in the middle of the story is this paragraph: "SCO spokesman Blake Stowell echoed those sentiments, telling eWeek on Friday that Microsoft was not an investor in SCO through this deal. "There are only two investors in this deal: BayStar Capital and the Royal Bank of Canada. " RBC put in $30 million. Unbelievable. And I was so happy with them, they just upped the limit on my credit card. Want to complain to them (other than taking your money out of their hands)? Found this link among the /. comments: http://www.rbc.com/contactus/invrel_email.html So many ways I'm angry about this, not enough time to vent it all. Ian -----BEGIN PGP SIGNATURE----- Version: GnuPG v1.2.2 (GNU/Linux) iD8DBQE/kiQ+SiY+RXI7JS4RAjZrAKD2wO6bFD4hP9wS3twBvsjPvEBhfgCfZyNP 3pejdMjAJF6eCARJDuir/XA= =66Jn -----END PGP SIGNATURE-----
