[oclug] RBC Fun and SCO games.

[Rod Giffin]

Rod Giffin said:
> I agree, I was just thinking that the RBC investment was part of an
> equity financing deal that occured during the litigation, so according
> to what is in the news story, it may be subject to the 20% lawyer's
> levy.
>  (e.g. "Hey SCO, you just got a $50 million equity investment, give me
> 20%.)


Well, I was apparently right.  According to a bunch of published news
stories today, that $50 million placement in which RBC had a role,
resulted in a financal charge against SCO of approximatly $9 million - the
beneficiary was their law firm.  So, basically somewhere around 18% or
what... about $5.5 million of RBC's $30 million investment went down the
drain.

see this press release
http://biz.yahoo.com/prnews/031118/latu082_1.html

Rod.