[ Thanks to Matt
Whipp for this link. ]
“SCO has announced a new agreement which gives its investors
effective control over the company’s future legal efforts.“The agreement, issued today in an SEC filing, means that SCO
must seek prior approval from the investors before embarking on any
action that would result in SCO’s legal firms receiving its 20 per
cent contingency fee.“This agreement will remain for as long as BayStar Capital and
RBC remain with two thirds of outstanding Series A Convertible
common stock and that that stock continues to be vaued at five per
cent or more of common stock (on conversion). BayStar Capital and
RBC bought $50mn of such shares worth 17.5 percent of outstanding
shares, according to Gartner…”