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Showing posts with the label atul666

Poor little ol' Darl

Message ID: 281724 Posted By: atul666 Posted On: 2005-07-15 04:59:00 Subject: Poor little ol' Darl Recs: 6 There's just nothing good for Darl in the Davidson memo. First, obviously, there's the increased possibility of legal trouble, which has already been discussed at length here, many many times. I still think he's probably going to get away scot-free. If SCO was a normal company, probably not, but the vast majority of SCO stock is held by a few big funds & institutions, and it seems very likely to me that many of them were in on the scam, and knew the whole thing was a fraud from day 1. I'd put at least Cohen, Renaissance, and Baystar in that category, at minimum. So I think they'd all prefer this stays out of court. They'll just pass the losses along to their own bagholders, and move on with zero consequences. As for criminal charges, it's important to remember that although SCO is fairly infamous, they're also pretty s...

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'...