]
] Now it's getting interesting. BayStar wants SCO to
] immediately redeem BayStar's 20,000 shares of SCO's A-1
] Convertible Preferred Stock. They say SCO has breached
] their agreement. SCO denies any breach. Here is the
] agreement that they are fighting over. Here is the press
] release. My, this was a short honeymoon.

BayStar is basically telling SCO they want their $20M back.

[ HA! Fuck you BayStar! You bet a lot of money on a very, VERY uncertain outcome (SCO beating IBM) and only then realized you'd tied yourself to a ship that's this close to a major iceberg impact, followed by flooding and lamentations and SINKING.

It was a risky speculation, investing in a company as, uh, tainted, as SCO, and they got hosed. Even if suits are brought, SCO may not even exist long enough to be served by them. Painful, but, man, I wonder if selling off those shares before demanding redemption was an option... SCO was at 9.66 this morning, it's at 8.40 now... that's a 13% drop. I see no good outcome for SCO or for BayStar. -k]

Baystar Sends SCO a Letter