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SCO Execs Dumping Stock

Posted by michael on from the pump-and-dump dept.

luigi6699 writes "According to the Salt Lake Tribune, 'SCO Group executives have sold about 119,000 shares of their company since it filed a lawsuit against IBM in March...' Their CFO started the $1.2 million sell-off just after the lawsuit."

4 of 691 comments (clear)

  1. Mainstream media? by Bob+McCown · · Score: 5, Insightful

    Maybe the mainstream media is finally going to get a peek at what we've been talking about for months!

    1. Re:Mainstream media? by dnoyeb · · Score: 5, Insightful

      Doubt it. SCOX stock is not really discussed by any professionals at this point. it has little to no institutional ownership. The players are ignoring SCOX...

      " Their CFO started the $1.2 million sell-off just after the lawsuit."

      I kind of think they started this dump AFTER their stock when through the roof. WHy did their stock go through the roof? First profitable quarter ever. Why was it the first profitable quarter ever? Microsoft. RTFQ(Q=Quarterly report) [Sun also bought a license]

      This was for UNIX licensing, little different that the law suit related stuff sort of.

      BTW, you should see all the sub $1.00 stock options flying about.

      Im into these fools for about 100 shares. On the short side.

  2. Where the HELL is the SEC? by Scott+Lockwood · · Score: 5, Insightful

    One really has to wonder - this is SO blatent, why is the SEC not in this up to their necks?

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  3. Re:Selling not as descriptive as Buying by elmegil · · Score: 5, Insightful

    Hopefully the SEC will investigate. Definitely sounds like a pump and dump move to me.

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