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Declaration of Bolandz Reveals UnXis Details; and Feb. 16th Bankruptcy Hearing Agenda - Updated 2 Xs

By Pamela Jones et al.

There are more filings in support of SCO's desired plan to sell assets to UnXis, fleshing out a bit more about UnXis, specifically a Declaration [PDF] by the person "engaged by UnXis to served as the company's Chief Executive Officer" if the court approves the acquisition, Richard Alexander Bolandz, who by the way is ex-CIA.

The money for Unxis to buy the assets come from a friend of his, Stan Solomonson, "who operates an unrelated business known as Future Foods". He agreed to provide the capital "on certain terms and conditions" and if the deal is approved, he will get shares also. Um. What terms and conditions? This Stan Solomonson?

Guess what? He's baaaack. Yes, Stephen Norris makes his reappearance in the Declaration. UnXis was incorporated, according to the declaration in June 12, 2009, with two directors and officers, Norris and Eric le Blan. Norris is the Chairman, le Blan the Vice Chairman. So far, shares are owned by Gulf Cap Partners, LLC and MerchantBridge Holdings (Cayman) Unlimited. Le Blan is a partner at MerchantBridge.

And then there is a Notice of the Agenda at the hearing, the items that will be handled on February 16th. I soooo hope some of you can be there to report on the shenanigans I expect will be performed that day in the main tent. Jungle drums say the time it starts will be 2:30 PM. There's a long list of all the objections and reservations of rights, including an informal letter of objection by DinkumWare, undocketed. Go DinkumWare, whoever you are.

Full post as published by Groklaw on February 14, 2011 (boomark / email).