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On Friday 07 May 2004 05:20 pm, you wrote:
> This leaves BayStar Capital holding the scobag.
> Smitty
>
> http://biz.yahoo.com/prnews/040507/laf054_1.html
Bay Star Capital just bought $20,000,000 worth of SCO to add to what they
already had only a couple weeks after announcing that they wanted their money
back. Hmmm ... what's wrong with this picture?
To me, this has all the hallmarks of a first class run of the mill puppet
show.
Won't this give Bay Star controlling interest? And won't 740,740 shares of SCO
common stock give Royal Bank of Canada a great deal of influence over the
future of SCO? More than that, having been badly beaten down the past few
months, the common stock is poised to appreciate quite a bit faster than the
A series shares were. Except for those now held by Bay Star, RBC has not
converted its shares to cash. Bay Star holds all the A series shares. RBC
holds a substantial hunk of the common shares. The form has changed ... but
not the substance.
The 'little guy' has been run out of this stock. The big kids are buying it.
This is usually a "buy" signal for the little guy that he ignores until it is
too late to act ... and then he acts.
Just food for cogitation.
Bill
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