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SCO Proposes Selling its Mobility "Business"... to Darl McBride

Mar 01, 2010, 16:32 (0 Talkback[s])
(Other stories by Pamela Jones)

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"SCO's Chapter 11 Trustee Edward Cahn not only proposes to let Ralph Yarro "loan" some money to the company at what Novell calls egregiously inequitable terms -- inequitable to everyone but Ralph Yarro and the gang, that is -- but now he proposes to sell SCO's "mobility business", which not long ago SCO said was worth millions, if I recall correctly, to another SCO insider, Darl McBride, for $35,000.

"Here's the only reasonable explanation. Judge Cahn's evil twin has kidnapped his brother, thrown him in the dungeon of the castle, welded an iron mask on him, and the Pretender is now signing all these proposals and filing them with the court. Kidding....

". . . Well....Sorta kidding.

"Are they seriously proposing these deals? I mean, really? Really? It feels like a stickup. Wait. Maybe this isn't about money. Here, in my eyes, is what may be the operative sentence from the operative paragraph of the proposed APA:

"6.1. Transition and Cooperation.From and after the Closing Date, (a) Seller shall not take any action, alone or together with others, which obstructs or impairs the smooth transition by Buyer of the Acquired Assets; and (b) Seller shall promptly provide access to Buyer to all correspondence, papers, documents and other items and materials received by Seller found to be in its possession which pertain to the Acquired Assets.

"Hopefully, someone will sit with him at the table while he goes through those documents. We wouldn't want any of them to go missing by accident."

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