IP-WARS.NET || Comments || SCO To Restate Earnings

SCO To Restate Earnings | 18 comments (18 topical, 0 editorial, 3 hidden)

Re: SCO To Restate Earnings (3.60 / 5) (#7)
by mikey (mikey at badpenguins dot com) on Fri Mar 4th, 2005 at 12:02:06 EST
(User Info) http://www.ip-wars.net

For the first, second and third quarters, the Company expects to reclassify amounts related to certain shares of common stock that the Company may have issued under its equity compensation plans without complying with the registration requirements of federal and applicable state securities laws from permanent equity to temporary equity in the amounts of approximately $272,000, $231,000, and $557,000, respectively.

Should they not be penalized for violating these laws? Would this be a civil or criminal law?

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DISCLAIMER:
IANAL, may have no idea what the heck I am talking about, yadda yadda yadda.

Re: SCO To Restate Earnings by daveventura, 03/04/2005 12:06:49 EST (3.33 / 6)

SCO To Restate Earnings | 18 comments (18 topical, 0 editorial, 3 hidden)

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