The hearing on the motion to approve the sale of SCO's mobility products to Darl McBride, exCEO of SCO, has been rescheduled. So don't show up, if you were planning to on Monday. It is now set for April 7th at 3:00 PM Delaware time, unless there are no objections and no competing offers, in which case the judge can just sign off on it.
The deadline for objections is now March 31 (rather than March 11). And that's the deadline for submitting any competing offers:Competing Offer Deadline: March 31, 2010 at 4:00 p.m. (ET). Any party wishing to submit a competing offer for the Mobility Business must submit a non-contingent offer, marked APA to show any revisions, and evidence of financial wherewithal to close on the transaction on or before March 31, 2010 at 4:00 p.m. (ET) to: (i) The SCO Group, Inc., 333 South 520 West, Suite. 170, Lindon, Utah 84042, Attn: Ryan Tibbitts; (ii) Blank Rome LLP, 1201 N. Market Street, Suite 800, Wilmington, DE 19801, Attn: Bonnie Glantz Fatell, Esq.; (iii) Ocean Park Advisors, LLP, 6033 West Century Blvd. Suite 1290, Los Angeles, CA 90045, Attn: Mark Fisler. They'd like to know about your wherewithal, eh? I don't recall any serious signs of due diligence on Seung Ni whatever Yarro calls his spanking new loan entity. But then, that was an emergency, seeing as how all the professionals must be timely paid. Novell? Creditors? Hahahahaha. Stand in line, suckahs. To be serious for a moment, do as you please, but my view has come to be that the less these folks know where you are, the better off your are. Just saying.
Here's the docket:
03/12/2010 - 1090 - Certificate of No Objection regarding Second Application for Compensation and Reimbursement of Expenses of Blank Rome LLP for the Period of November 1, 2009 Through November 30, 2009 [No Order Required] (related document(s) 1054 ) Filed by Blank Rome LLP. (Fatell, Bonnie) (Entered: 03/12/2010)
03/12/2010 - 1091 - Amended Notice of Hearing / Amended
Notice of Motion Of The Chapter 11 Trustee For Order Under 11 U.S.C. Sections 105(A), 363, And 365 And Fed. R. Bankr. P. 2002, 6004, 6006 And 9014 (A) Approving The Sale Of Mobility Business Free And Clear Of All Liens, Claims, Interests And Encumbrances Pursuant To 11 U.S.C. Section 363, (B) Authorizing And Approving The Assumption And Assignment Of Certain Executory Contracts In Connection Therewith, And (C) Granting Related Relief (related document(s) 1066 ) Filed by Edward N. Cahn, Chapter 11 Trustee for The SCO Group, Inc., et al.. Hearing scheduled for 4/7/2010 at 03:00 PM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #3, Wilmington, Delaware. Objections due by 3/31/2010. (Attachments: # 1 Certificate of Service) (Fatell, Bonnie) (Entered: 03/12/2010)
03/12/2010 - 1092 - HEARING CANCELLED/RESCHEDULED. Amended Notice of Agenda of Matters Scheduled for Hearing. Filed by Edward N. Cahn, Chapter 11 Trustee for The SCO Group, Inc., et al.. Hearing scheduled for 4/7/2010 at 03:00 PM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #3, Wilmington, Delaware. (Attachments: # 1 Certificate of Service) (Fatell, Bonnie) (Entered: 03/12/2010)
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