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RISCOS Ltd. shareholder meeting today

By Chris Williams. Published: 12th Jul 2004, 07:01:18.

Decisions, decisions

RISCOS Ltd. logoLater today, a RISCOS Ltd. shareholders' meeting will be held in secret, where it's believed that the Castle-RISCOS Ltd. dispute will be further discussed. It's hoped that a solution will be found to end the on-going wrangling, which was recently described by one insider as being a "public trial by propaganda".

The confidential meeting will also possibly decide the fate of RISCOS Ltd.'s sub-licencees, as hinted by STD in their announcement last week. The sub-licencees, who use RISC OS 4 in their products and include STD and VirtualAcorn, received in May, earlier this year, legal letters from Castle regarding the dispute with RISCOS Ltd., according to sources. Later in June, VirtualAcorn and STD announced that they had halted sales of their kit. Castle allege that RISCOS Ltd. are in serious breach of their licence with the owners of RISC OS (now Castle), however RISCOS Ltd., now in its 6th year of trading, has denied these.

Referring to RISCOS Ltd's 2002 annual report, published the same year that the Castle Iyonix was launched, Pace Micro (who had the OS before selling it to Castle in 2003), owned 19.9 percent of the company's shares, APDL's Dave Holden owned 7.77 percent, while Castle owned 5 percent, and the rest is made up of private investors and faces well known to RISC OS users. It's unknown, to us at least, how the current shares ownership stands but Castle recently revealed that they are a "just over 25 percent shareholder in RISC OS Ltd." Another interesting point is a comment made recently by Castle COO Peter Wild: "I would say one of the biggest problems with the shareholders of RISC OS Ltd is actually finding any kind of common opinion among them which is one of the big difficulties in moving anything forward."

Links
RISCOS Ltd. website

Discussion

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I hope the shareholders will be able to issue a "press statement" following their meeting. We've heard Castle's point of view; I'd like to hear the other, now.

I'm not so sure that it's exactly "public trial by propaganda" : I don't think anyone involved should be doing things that they would not want to become public knowledge.

In fact, if the issues had been aired earlier, discussed in public and thrashed out as they arose, perhaps we would not now have this embarassing mess on our hands.

I hope drobe has in place a fly on the wall.

is a RISC OS Usermartin on 12/7/04 7:31AM [ Reply | Report ]

I agree that a public statement following the meeting would be a good idea, but only if some sort of consensus is reached on a way forward.

It is possible that todays meeting may be the first of many may be needed in order to come to some meaningfull decisions, if so a public statement after today would be unlikely to be very illuminating.

is a RISC OS Uservshears on 12/7/04 10:31AM [ Reply | Report ]

Well with any luck the whole charade may soon come to a close (me hopes), and with any luck, as quickly and painlessly as possible :-)

is a RISC OS UserLee on 12/7/04 2:30PM [ Reply | Report ]

I think the outcome depends on two things: What Andrew Rawnsley (R-Comp) wants and the amount of A and B shares that Castle has.

is a RISC OS Useregel on 13/7/04 11:47AM [ Reply | Report ]

I should imagine that Andrew has the same aim at the end of the day as the rest of us: a future for the RISC OS market.

is a RISC OS Userriscdomain on 13/7/04 1:09PM [ Reply | Report ]

All pretty quiet so far ........

is a RISC OS Userzito on 13/7/04 1:15PM [ Reply | Report ]

The latest new on Drobe look like good news with STD.

is a RISC OS UserRevin Kevin on 13/7/04 8:03PM [ Reply | Report ]

egal: The output depended on neither of those things, as it happens.

Cheers,

/Neil/

is a RISC OS Userspellinn on 13/7/04 8:21PM [ Reply | Report ]

spellin: So Castle wasn't able to force RISC OS Ltd to do what Castle wants, but instead you and the other (small) RISC OS Ltd shareholders were able to force Castle to do what RISC OS Ltd wants

is a RISC OS Useregel on 13/7/04 10:18PM [ Reply | Report ]

egel > With respect do you really think comments like that help, really ?

Regards

Annraoi

is a RISC OS UserAMS on 13/7/04 10:33PM [ Reply | Report ]

Dont you just love speculation? :-)

It feels like an episode of Banzai.."place bets...NOW!"

Cheers,

/Neil/

is a RISC OS Userspellinn on 13/7/04 10:36PM [ Reply | Report ]

"Betting ENDS"

Regards

Annraoi

is a RISC OS UserAMS on 13/7/04 10:43PM [ Reply | Report ]

Hopefully the truth is somewhere in the middle and is nothing forced. My comment was a bit strong. Yes, it is nice to speculate

is a RISC OS Useregel on 14/7/04 9:11AM [ Reply | Report ]

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