Bricks in the John Wall
Message ID: 188456
Posted By: stats_for_all
Posted On: 2004-10-04 02:12:00
Subject: Bricks in the John Wall
Recs: 27
Brick in the Wall
John R. Wall exchanged a $1 MM personal loan to Vista.com for 800K shares of SCOX and $100K cash in August 2002. Simultaneously, SCOX paid $350K for a license and option to purchase 10% of Vista stock. In January 2003, another $250K was paid to Vista to complete the stock purchase in vista.com. In January and April 2003, two loans totaling $200K were made to vista.com by SCOX.
Total cash payment into vista from SCOX (including the Wall loan) was $1.8 MM. The $1 MM loan + interest was repaid after Wall sold his SCOX stock.
SCO's 10Q represents Wall as the majority stockholder in vista.com. Other sources indicate that "MGN Opportunity Group LLC" was the major stockholder. MGN is a subsidiary of "Matthew G. Norton, Co.", a Seatle area investment bank. MGN is named after the founder of Weyhauser, the source of its funds.
A lawyer named Carter R. Mackley represented Vista, and MGN in the the debt restructuring, and purchase by SCOX. Mackley is an alumni of BYU (1985) and additionally serves as the representative for Microsoft in its private (PIPE) investments. Mackley represented MS in a deal with Dell Computer. He also advised Canadian companies on private placements Mackley is an associate at PrestonGatesEllis.
The MGN CEO at the time of the Wall-SCOX trade was Erik J. Anderson. He is now President of WestRiver Capital and VC of Mongomery & Co. Anderson's investments contiunue to parallel MGN's, so the independence of this new partnership is uncertain.
Vista today. Vista.com is a shared server web host running linux in Kirkland/Redmond,. Washington. In many ways vista.com business model resembles uSight's. It sells a ebusiness service collocation service to small businesses combined with a merchant site builder application. It appears to be free of the marketing scam associated with uSight.
The number of businesses actually using the service appears small. Netcraft only tracked 10 domains before I started adding others. (and some of these were biz.sco.com test sites rather than real business). The toll free tech number offered by vista for subdomains 877-497-9909 only googles up a handful of hits.
Business use of the site by Smith and Wesson is evidently predicated on Colton R. Melby (of Kent Wash) who is the major shareholder of Smith and Wesson.
The other legitimate domain found by netcraft lockdownnetworks.com is founded and run by ex-MS Cameron Myhrvold VP in the Developer Relations Group. "where this group initiated the "platform marketing" effort at Microsoft."
A press release by vista from the August 2002 SCOX deal claims 60,000 customers. The site builder package may be independent of the collocation service as some of the claimed customers are hosted on independent net-blocks.
A press release announcing a Sam's Club / vista.com partnership from July 2004 has not created visible new business.
To summarize: Wall and SCOX were involved in a complicated stock swap negotiated by the Microsoft attorney for PIPE deals. No tangible business derived from the vista licensing deal. The Wall stock sale of SCOX was coordinate with Morgan Keegan sales for investments to benefit SCOX.
Wall page, essential
www.threenorth.com/sco/john_wall.html
SCO test on vista.com host
www.osg.biz.sco.com/
Carter R. Mackley resume
www.prestongates.com/meetpge/pro.asp?proID=569
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The text of this Yahoo Message Board post has been licensed for
copying and distribution by the Yahoo Message Board user
"stats_for_all" under the following license:
License: CC Attribution-NonCommercial-ShareAlike v2.0
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Posted By: stats_for_all
Posted On: 2004-10-04 02:12:00
Subject: Bricks in the John Wall
Recs: 27
Brick in the Wall
John R. Wall exchanged a $1 MM personal loan to Vista.com for 800K shares of SCOX and $100K cash in August 2002. Simultaneously, SCOX paid $350K for a license and option to purchase 10% of Vista stock. In January 2003, another $250K was paid to Vista to complete the stock purchase in vista.com. In January and April 2003, two loans totaling $200K were made to vista.com by SCOX.
Total cash payment into vista from SCOX (including the Wall loan) was $1.8 MM. The $1 MM loan + interest was repaid after Wall sold his SCOX stock.
SCO's 10Q represents Wall as the majority stockholder in vista.com. Other sources indicate that "MGN Opportunity Group LLC" was the major stockholder. MGN is a subsidiary of "Matthew G. Norton, Co.", a Seatle area investment bank. MGN is named after the founder of Weyhauser, the source of its funds.
A lawyer named Carter R. Mackley represented Vista, and MGN in the the debt restructuring, and purchase by SCOX. Mackley is an alumni of BYU (1985) and additionally serves as the representative for Microsoft in its private (PIPE) investments. Mackley represented MS in a deal with Dell Computer. He also advised Canadian companies on private placements Mackley is an associate at PrestonGatesEllis.
The MGN CEO at the time of the Wall-SCOX trade was Erik J. Anderson. He is now President of WestRiver Capital and VC of Mongomery & Co. Anderson's investments contiunue to parallel MGN's, so the independence of this new partnership is uncertain.
Vista today. Vista.com is a shared server web host running linux in Kirkland/Redmond,. Washington. In many ways vista.com business model resembles uSight's. It sells a ebusiness service collocation service to small businesses combined with a merchant site builder application. It appears to be free of the marketing scam associated with uSight.
The number of businesses actually using the service appears small. Netcraft only tracked 10 domains before I started adding others. (and some of these were biz.sco.com test sites rather than real business). The toll free tech number offered by vista for subdomains 877-497-9909 only googles up a handful of hits.
Business use of the site by Smith and Wesson is evidently predicated on Colton R. Melby (of Kent Wash) who is the major shareholder of Smith and Wesson.
The other legitimate domain found by netcraft lockdownnetworks.com is founded and run by ex-MS Cameron Myhrvold VP in the Developer Relations Group. "where this group initiated the "platform marketing" effort at Microsoft."
A press release by vista from the August 2002 SCOX deal claims 60,000 customers. The site builder package may be independent of the collocation service as some of the claimed customers are hosted on independent net-blocks.
A press release announcing a Sam's Club / vista.com partnership from July 2004 has not created visible new business.
To summarize: Wall and SCOX were involved in a complicated stock swap negotiated by the Microsoft attorney for PIPE deals. No tangible business derived from the vista licensing deal. The Wall stock sale of SCOX was coordinate with Morgan Keegan sales for investments to benefit SCOX.
Wall page, essential
www.threenorth.com/sco/john_wall.html
SCO test on vista.com host
www.osg.biz.sco.com/
Carter R. Mackley resume
www.prestongates.com/meetpge/pro.asp?proID=569
------------------------------------------------------------
The text of this Yahoo Message Board post has been licensed for
copying and distribution by the Yahoo Message Board user
"stats_for_all" under the following license:
License: CC Attribution-NonCommercial-ShareAlike v2.0
------------------------------------------------------------