SCO's claims have absolutely no credibility (ZDNet)

SCO's claims have absolutely no credibility (ZDNet)

Posted Jul 30, 2003 12:59 UTC (Wed) by Wol (guest, #4433)
In reply to: SCO's claims have absolutely no credibility (ZDNet) by walterbyrd
Parent article: SCO's claims have absolutely no credibility (ZDNet)

<quote>
I believe trolltech is a private company, and as such, trolltech can control which companies invest in trolltech. I would like to encorage trolltech, and the other companies, to stop affiliating with Canopy and SCO. Because the investments by SCO/Canopy are small, it would be relatively easy for trolltech to stop affiliating with SCO/Canopy.
</quote>
No it would NOT be easy. As a private person, could I go up to you and say "I demand that you sell your house to me. I like it and I'm quite happy to pay a fair price"?

The fact is, SCO & Canopy own about 5%, and it is THEIR PROPERTY. There is no way (short of passing a law of expropriation) that they can be coerced into selling against their will.

And the fact that TT is private is irrelevant. I don't know the rules elsewhere, but in the UK the only way that shares can be forcibly transferred in the normal course of events is where the buyer has already bought 90% of the shares with the consent of their previous owners (this gives them the right to forcefully acquire the remaining shares at the same price), or where the share certificate explicitly defines the shares as redeemable and details the circumstances under which the issuing company is allowed to buy them back. My company actually has that sort of setup - the shares are nominally worthy £1 each and our shareholders are obliged to trade solely with us, at par. But that is part of the share contract we have with our shareholders and is not normal for a typical company.

Cheers,
Wol

---

(Log in to post comments)