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| Mr. Mustard Files With SEC Re Shares to Yarro |
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Tuesday, March 15 2005 @ 10:36 PM EST
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There is no moss growing on Mr. Mustard, the new President and CEO of Canopy Group. While SCO struggles to file the tardy 10K, he has already filed the Form 4 regarding the 5,492,834 shares that go to Ralph Yarro under the recent Canopy-Yarro settlement agreement.
At least I assume that is what this notation means:
Explanation of Responses:
1. Reporting Person disposed of these shares in connection with a settlement agreement reached with a former executive of Reporting Person. The shares were transferred to the former executive pursuant to the terms of a Stock Purchase Agreement for consideration other than cash. Now Yarro is nameless, just "a former executive of Reporting Person, " which brings to my mind the discredited relative called only So-and-So in the story of Ruth, whose name wasn't even recorded because he didn't measure up. The Canopy-Yarro settlement was announced formally on Friday, and this form was filed with the SEC that same day.
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| Authored by: jbb on Tuesday, March 15 2005 @ 11:07 PM EST |
To make them easy to find.
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SCO cannot violate the covenants that led to and underlie Linux without
forfeiting the benefits those covenants confer.[ Reply to This | # ]
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| Authored by: digger53 on Tuesday, March 15 2005 @ 11:14 PM EST |
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When all else fails, follow directions.[ Reply to This | # ]
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| Authored by: digger53 on Tuesday, March 15 2005 @ 11:20 PM EST |
Fitting that Yarro has become nameless, an "unperson," at
Canopy [to borrow from Mr. Orwell]. Here's wishing that
Darlie & Co. are next.
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When all else fails, follow directions.[ Reply to This | # ]
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| Authored by: Anonymous on Tuesday, March 15 2005 @ 11:25 PM EST |
Yarro will have a stiff tax bill from this transaction. I don't really see him
coming up with cash to cover it, when the stock may be very difficult to unload.
Either he plans to sell a significant fraction of these shares, or Canopy has
also paid him enough cash to cover his tax liability. The second option seems
more likely.
[ Reply to This | # ]
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| Authored by: XORisOK on Tuesday, March 15 2005 @ 11:52 PM EST |
It seems to me that Mr. Mustard wasted no time separating Canopy from the whole
mess that SCO has created. I can see the discussion: O.K., here, have all of
this stock, and go away! The question is, does the Y-Ster really think he can
make money from this dog?
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Cogito Ergo ZOOM - "I think, Therefore I drive fast!"[ Reply to This | # ]
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| Authored by: Anonymous on Tuesday, March 15 2005 @ 11:56 PM EST |
" Ralph Yarro, currently the chairman of the SCO board, in which Stowell
"added" that Yarro's position will be up for renewal at the next
annual shareholder meeting"
Why quit? Now that he owns all these shares perhaps he no longer wants to be an
insider for trading purposes.[ Reply to This | # ]
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- Up for renewal... - Authored by: Anonymous on Wednesday, March 16 2005 @ 01:15 AM EST
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| Authored by: Anonymous on Wednesday, March 16 2005 @ 07:08 AM EST |
| To dump all that soon-to-be-worthless SCOXE stock on Yarro. [ Reply to This | # ]
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| Authored by: Anonymous on Wednesday, March 16 2005 @ 08:24 AM EST |
Well, perhaps. It is nice to contemplate Mr. Yarro fading from memory. On the
other hand, the elliptic language makes it that much harder for a future web
searcher to find this reference to either Mr. Yarro or Mr. Mustard. (I did not
pull up the original to see what other use was made of their names) That may be
something that Mr. Yarro very much hopes will happen. [ Reply to This | # ]
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| Authored by: Anonymous on Wednesday, March 16 2005 @ 09:02 AM EST |
Is it Mr. Mustard and Mr. Yarro?
Or is it Mustard and Mr. Yarro?
Or simply Mustard and Yarro?
Or is it all the same?[ Reply to This | # ]
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| Authored by: Anonymous on Thursday, March 17 2005 @ 05:25 AM EST |
PJ,
I think that your paralegal fancy mght be tickled by this rendition of Ruth from the NET Bible.
[ Reply to This | # ]
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