The Haus

Friday, May 7, 2004

Royal Bank of Canada Selling SCO -- 4:47 pm CST, Update by A.T. Hun

SCO issued a press release that the Royal Bank of Canada is converting 10,000 shares of preferred stock into 740,740 shares of SCO's common stock, presumably to sell it on the open market. It is also selling 20,000 preferred shares to BayStar, who already indicated that it wants to dump its shares. My only question is, who is going to buy three-quarters of a million shares of this company? Let the bloodbath officially begin! Thanks Slashdot.

The Master comments: Well, if they sell for a penny, I'll buy some for use as T.P. >:-)

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