I expect this is accurate and fits the facts much more than various other people pretending they understand the business. It’s painful for me to read and it must be worse for Steve_Everett.
Indeed, aside from the management buyout, I guessed this was what was going on a week or so after Jolla went into administration. The small invoice was a bit of a giveaway (€140k not €50k).
Rostelcom (or Putin’s inner circle) knew something Jolla could only guess at – that Aurora was going to be Russia’s governmental OS [perhaps including for military hardware].
I’d assume the sale was open to other buyers. And I’d be curious what the mandated share price is.