[Am-info] Royal Bank of Canada hides investor in SCO

[Gene Gaines]

Erick,

see way below

Gene
gene.gaines@gainesgroup.com

On Monday, May 17, 2004, 4:42:45 PM, Erick wrote:

> On Mon, 17 May 2004 15:53:17 -0400, Gene Gaines wrote:

>>I had a lengthy telephone conversation with an officer of the
>>Royal Bank of Canada in Toronto.
>>
>>Seemed like a nice fellow.  Rather nervous.  Kept repeating that
>>we do transactions like this all the time.
>>
>>Here is what I heard: Investor has used us to ... derivative ...
>>other financial baloney statement that the investor chooses to
>>hide behind ... the point is, by executing a derivative the
>>comnpany hands their money to the bank who buys shares in SCO
>>but does not need to disclose the name of the company dumping in
>>the money ... I asked the name of the investor who hired the
>>bank to hide behind ... told they choose to remain anonymous ...
>>I asked if the transaction was in US Dollars or Canadian Dollars
>>and was told that the investor did the transaction using the
>>bank's New York office which should give me a clue that the
>>company was a U.S. company.
>>
>>So. A well-heeled company that the bank hints is U.S. wishes to
>>remain anonymous has elected to finance SCO in their campaign to
>>destroy Linux and in fact destroy open source. Wonder who that
>>could be?
>>
>>Hiding behind the skirts of a foreign bank.  Curious.  Queer.
>>
>>Let's see.  Maybe IBM is worried and wants to make an
>>investment in SCO just in case IBM loses the case, but of course
>>that would have the effect of financing the suit, and I think
>>IBM is smarter than that.
>>
>>Gene Gaines
>>gene.gaines@gainesgroup.com
>>Sterling, Virginia

> Canada must have an equivalent like the SEC.  Although I know
> nothing of investment law in Canada, I'd wonder if there would
> be any disclosure.

> Erick Andrews

Eric, I asked the Royal Bank fellow about that.  He said the
client can remain anonymous, but of course perhaps he is not the
best to ask about this.  Perhaps I can put the question to
Microsoft. ?

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