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Some SCOX Financial Analysis | 13 comments (13 topical, 0 editorial, 0 hidden)

Re: Some SCOX Financial Analysis (4.00 / 3) (#4)
by ColonelZen (tzellers lieth within pobox of thy kingdom com) on Sun Sep 23rd, 2007 at 11:41:48 EST
(User Info)

I've no idea why SCO applied for Chapter 11 when they did.

I suspect that was just a brief passing wind through the brain, but obviously they needed to keep Kimball from ruling on the conversion.

I genuinely think SCOX's attorneys had some reason to think that K was going to rule then and there (sometime that [aka this past] week) that on creating the trust with more than there assets. And declaring them insolvent (forcing them into immediate Ch 7) if they did not fulfill the trust within 24 hours.

This way they get a few weeks to a few months more out of it. But it's still GAME OVER.

-- TWZ

[ Parent ]

Re: Some SCOX Financial Analysis by xtc, 09/23/2007 15:01:33 EST (4.00 / 3)

Some SCOX Financial Analysis | 13 comments (13 topical, 0 editorial, 0 hidden)

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