On Monday 10 May 2004 11:27 am, Avi Schwartz wrote: > On May 10, 2004, at 12:35, JoeHill wrote: > > 'Royal Bank of Canada has notified SCO it has elected to convert > > 10,000 shares > > of SCO's Series A-1 Convertible Preferred Stock it currently holds > > into a total > > of 740,740 shares of SCO's common stock. Further, it has sold 20,000 > > shares of > > Series A-1 stock to BayStar so that "after completion of the > > conversion, Royal > > Bank of Canada will have no equity interest in SCO other than the > > shares of > > common stock it receives from the conversion."' > > > > ... > > > > 'According to Stacey Quandt, principal analyst of Quandt, 'RBC > > probably went > > into the deal as an investment, and now they appear to have lost > > confidence in > > SCO's ability to win its case, so they've decided to cut their > > losses.'"' > > > > Link: > > > > http://www.groklaw.net/article.php?story=20040507143313869 > > If the Canadians have such superior intelligence, then why did the RBC > get into bed with SCO to begin with? The Moose made me do it <g> > > Avi
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