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SCO Given NASDAQ Delisting Notice

Posted by Zonk on from the vultures-are-circling dept.

SCO Delenda Est writes "The SEC has given SCO notice that they will be delisted from the NASDAQ if they cannot keep their share price above $1 sometime in the next 180 days. Although they may be able to avoid delisting for a while, their small market capitalization will hinder their efforts. Given their other financials, this just goes to show how desperate their current financial situation is."

3 of 116 comments (clear)

  1. Link to proof by Soko · · Score: 5, Informative

    Since there was no link in the story, I figured it'd be prudent to provide one sowing that SCO is indeed in peril of having their stock de-listed.

    As usual, PJ provides the relevant and proper info.

    Soko

    --
    "Depression is merely anger without enthusiasm." - Anonymous
  2. Re:$1 by KokorHekkus · · Score: 4, Informative

    It's because when a stocks value go that low it becomes very easy to manipulate in various ways (such as different pump-and-dump schemes etc) since even a very small swing in paid price means many percent in profit. Basically the stock price becomes much more unreliable as an indicator of the actual value of the company and that in turn would reflect badly on the stock exchange where it is trade.

    More about penny stock fraud at wikipedia: http://en.wikipedia.org/wiki/Penny_stocks#Penny_St ock_Fraud

  3. Re:Pump and dump/ milking the cow by Anonymous Coward · · Score: 4, Informative

    the software company sco from that time is not the same company with that name today

    just to remember, it was caldera who changed the name to sco after they bough the trademark sco

    so it has absolutely nothing to do with the once successfull sco, they just try to let it look that way