What is baystar thinking?
Posted Oct 17, 2003 18:46 UTC (Fri) by walterbyrd
Parent article: SCO gets $50 million
A $50 million loan to a company that is going out of business? A company threatend with at least three serious lawsuits? And that company is going to pay you back with shares at a fixed value of $17? Hey baystar, scox was selling below $17 just two days ago. Historically $17 is extremely high for scox, scox was under $1 a share a year ago.
Even more bizarre, scox is the company that is desperate. If I am going to lend money to a company that is going out of business, and desperate for cash; I don't think I'm going to loan that money with terms that are over-whelmingly favorable to the borrower - and unfavorable to me.
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