Still no 10-K on Edgar
Message ID: 239458
Posted By: atul666
Posted On: 2005-02-22 17:46:00
Subject: Still no 10-K on Edgar
Recs: 0
Just checked again. If I'm not mistaken, their 7 calendar days are up. Since we haven't heard anything about the stock being delisted as of tomorrow, I assume this means they've filed an appeal with Nasdaq. I say "I assume" since the appeals process isn't public. Nasdaq's info page suggests that hearings usually take place around 45 days after an appeal is filed, so the appeal means SCO can go at least another 6 weeks or so without filing a 10-K. I expect they see this as a good thing, and they won't file a day earlier than they absolutely have to. Maybe they don't intend to ever file at all, and they're just stretching the process out so they can have one last go at scamming Nasdaq daytraders before making the jump to the pink sheets.
I have a really funny feeling we won't see a 10-Q for Q1/05 either. It'd be loaded with bad news, so it's only natural that they'd prefer not to file it.
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Posted By: atul666
Posted On: 2005-02-22 17:46:00
Subject: Still no 10-K on Edgar
Recs: 0
Just checked again. If I'm not mistaken, their 7 calendar days are up. Since we haven't heard anything about the stock being delisted as of tomorrow, I assume this means they've filed an appeal with Nasdaq. I say "I assume" since the appeals process isn't public. Nasdaq's info page suggests that hearings usually take place around 45 days after an appeal is filed, so the appeal means SCO can go at least another 6 weeks or so without filing a 10-K. I expect they see this as a good thing, and they won't file a day earlier than they absolutely have to. Maybe they don't intend to ever file at all, and they're just stretching the process out so they can have one last go at scamming Nasdaq daytraders before making the jump to the pink sheets.
I have a really funny feeling we won't see a 10-Q for Q1/05 either. It'd be loaded with bad news, so it's only natural that they'd prefer not to file it.
------------------------------------------------------------
The text of this Yahoo Message Board post has been licensed for
copying and distribution by the Yahoo Message Board user "atul666"
under the following license:
License: CC Attribution-NonCommercial-ShareAlike v2.0
------------------------------------------------------------