Re: Amazingly solid $5.00 Floor
Message ID: 152669
Posted By: hamjudo2000
Posted On: 2004-07-10 01:22:00
Subject: Re: Amazingly solid $5.00 Floor
Recs: 3
> SCO's mangement is selling their options as stock, which they granted themselves, and at the same time buying that same stock with the stockholders money.
> That's the only reason this pile of crap isn't below $5/share. SCO's management is pillaging the company.
That's accurate, but incomplete. There are many actors in this play, only some of them are getting stock options.
Darl is not cashing in stock options. However, he is getting a million a year to be the public face. If the stock price falls too far, too fast, it will be too hard to justify his salary. It's hazard pay, since he is most likely to go to jail if/when things fall apart.
There are probably a few organizations that don't want to be in the public eye, but who do want to continue to get cash and/or FUD out of SCOX. How do they benefit by keeping the price at $5? Who are they?
Who is in a position to blow the whistle, but isn't blowing? Perhaps Canopy, SCOX's board of directors, or the herd of lawyers, there must be many more. What do they get, or perhaps, what do they avoid getting (subpoenas for example)?
I suspect there are many scams here. They're all linked together like a house of cards. Some of the cards fall down if the stock price gets too low.
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Posted By: hamjudo2000
Posted On: 2004-07-10 01:22:00
Subject: Re: Amazingly solid $5.00 Floor
Recs: 3
> SCO's mangement is selling their options as stock, which they granted themselves, and at the same time buying that same stock with the stockholders money.
> That's the only reason this pile of crap isn't below $5/share. SCO's management is pillaging the company.
That's accurate, but incomplete. There are many actors in this play, only some of them are getting stock options.
Darl is not cashing in stock options. However, he is getting a million a year to be the public face. If the stock price falls too far, too fast, it will be too hard to justify his salary. It's hazard pay, since he is most likely to go to jail if/when things fall apart.
There are probably a few organizations that don't want to be in the public eye, but who do want to continue to get cash and/or FUD out of SCOX. How do they benefit by keeping the price at $5? Who are they?
Who is in a position to blow the whistle, but isn't blowing? Perhaps Canopy, SCOX's board of directors, or the herd of lawyers, there must be many more. What do they get, or perhaps, what do they avoid getting (subpoenas for example)?
I suspect there are many scams here. They're all linked together like a house of cards. Some of the cards fall down if the stock price gets too low.
------------------------------------------------------------
The text of this Yahoo Message Board post has been licensed for
copying and distribution by the Yahoo Message Board user "hamjudo2000"
under the following license:
License: CC Attribution-NonCommercial-ShareAlike v2.0
------------------------------------------------------------