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Old 02-06-2008, 03:10 PM   #1
LXer
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LXer: SCO details bleak future


Published at LXer:

SCO has filed its latest annual report with the Securities and Exchange Commission, and it makes grim reading. The company warns that its shareholders could end with nothing because: "A plan of reorganization could result in holders of our stock receiving no distribution on account of their interests and cancellation of their existing stock." SCO is Chapter 11 - US bankruptcy protection.

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Old 02-06-2008, 05:43 PM   #2
Hangdog42
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This is news? I thought it was pretty common knowledge that shareholders get screwed in bankruptcy.
 
  


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