sco loses an investor, maybe

[dep]

The Royal Bank of Canada is changing the terms of its investment in SCO 
Group, which claims copyright ownership over parts of the Linux 
operating system.

RBC, which along with investors at U.S-based BayStar Capital Partners 
pumped $50-million (U.S.) into the company in October, wants to 
distance itself from any sale of SCO that would result in a 20-per-cent 
contingency payment to the company's lawyers.

The agreement between the software maker and its lawyers for the high 
contingency fees has raised many eyebrows in the banking and high-tech 
industries.

The filing stated that SCO cannot be sold "without first obtaining the 
consent of the private placement investors holding at least two thirds 
of the shares of SCO's outstanding Series A Convertible Preferred 
Stock." . . .

http://www.globetechnology.com/servlet/story/RTGAM.20031209.gtscodec9/BNStory/Technology/
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dep

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