From our perspective, the key part of this document is point #1, in which it states that “Blanca will acquire interest in the debt and related security for a total payment of US 2 million…”
Why is this key to us? Because the total amount was really $116M. So if we’re reading this right, the Excapsa owners (Greg Pierson, Jon Karl, Russ Hamilton and all) were willing to forfeit about $114M to have the shitstorm they created with the super-user scandal simply go away.
Anyway. with the Hellmuth rumblings and now this, it looks like change is a coming at Ub in the near future.