decoration decoration
Stories

GROKLAW
When you want to know more...
decoration
For layout only
Home
Archives
Site Map
Search
About Groklaw
Awards
Legal Research
Timelines
ApplevSamsung
ApplevSamsung p.2
ArchiveExplorer
Autozone
Bilski
Cases
Cast: Lawyers
Comes v. MS
Contracts/Documents
Courts
DRM
Gordon v MS
GPL
Grokdoc
HTML How To
IPI v RH
IV v. Google
Legal Docs
Lodsys
MS Litigations
MSvB&N
News Picks
Novell v. MS
Novell-MS Deal
ODF/OOXML
OOXML Appeals
OraclevGoogle
Patents
ProjectMonterey
Psystar
Quote Database
Red Hat v SCO
Salus Book
SCEA v Hotz
SCO Appeals
SCO Bankruptcy
SCO Financials
SCO Overview
SCO v IBM
SCO v Novell
SCO:Soup2Nuts
SCOsource
Sean Daly
Software Patents
Switch to Linux
Transcripts
Unix Books
Your contributions keep Groklaw going.
To donate to Groklaw 2.0:

Groklaw Gear

Click here to send an email to the editor of this weblog.


To read comments to this article, go here
SCO's MORs for November. Hahahaha.
Saturday, February 12 2011 @ 01:58 PM EST

SCO's monthly operating reports for November are filed, and they fairly scream, "I've fallen and I can't get up." And nobody cares.

Here they are:

02/11/2011 - 1231 - Debtor-In-Possession Monthly Operating Report for Filing Period As of 11/30/10 (The SCO Group, Inc.; 07-11337) Filed by Edward N. Cahn, Chapter 11 Trustee for The SCO Group, Inc., et al.. (Attachments: # 1 Certificate of Service) (Fatell, Bonnie) (Entered: 02/11/2011)

02/11/2011 - 1232 - Debtor-In-Possession Monthly Operating Report for Filing Period As of 11/30/10 (SCO Operations, Inc.; 07-11338) Filed by Edward N. Cahn, Chapter 11 Trustee for The SCO Group, Inc., et al.. (Attachments: # 1 Certificate of Service) (Fatell, Bonnie) (Entered: 02/11/2011)

And here's October, if you'd like to graph the trajectory. And here's October 2007 MORs, right after SCO first filed for bankruptcy protection. How well would you say they've been protected? How about their creditors?

Hahahahaha. I jest. This is not about anything they are talking out loud about. It can't be. If it were, the MORs wouldn't look like this, I don't believe.

"If I am able to determine the enemy's dispositions while at the same time I conceal my own, then I can concentrate and he must divide." - Sun Tzu
So there are missing pieces, making it difficult to figure out what is really going on. We have to try to think of all the things that might be done, even though you and I wouldn't try them in a million years for all the gold on earth. That's hard. And all they have to do is keep quietly moving their pawns forward. But if SCO were a person, would he be allowed to do this? What do you think? SCO's professional fees since it entered bankruptcy are $5,768,232 plus $469,501 in expenses. Guess how much cash in hand SCO Operations had in October of 2007? $6,438,789. Guess what it had at the end of November, keeping in mind that we are now in February to boot? $948,320. Amazing. Not a single creditor paid off.

By the way, keep in mind that SCO is holding $2 million in a loan from Ralph Yarro, the terms of which on default are that he gets all the assets, I think, as well as all the proceeds if they sell all the assets, if I've understood the document, with only half going to pay off the loan, and if SCO sells only some assets he takes half with none of it paying off the loan.

Well, it's over my head, so check my math, but I get the overall picture, all right. Yarro gets money no matter what happens. Here's how I picture the SCO graph trajectory:






$$ to Yarro and Friends

More accurately, SCO is holding what's left of the $2 million, but it's dribbling away. I'm sure Yarro and friends are deeply disturbed about that. Hahahaha.

Now, if you read the article linked to from October of 2007, you'll likely notice that about a month after entering Chapter 11 bankruptcy protection, SCO asked the court to let it sell certain of its assets, excluding the SCO v. IBM and SCO v. Novell litigation. They are trying again now. So, as you see, they are a determined lot. They may weave and bob, but they do not swerve.

The court didn't let it happen back in 2007, and Novell is objecting to the new proposed sale, too, but guess what the selling price allegedly was to be in 2007? $36,000,000. Now it's allegedly $600,000 to buy certain of this company's assets.

Hahahaha. This is a joke. Seriously. But I can't help but laugh at the sheer boldness.


  View Printable Version


Groklaw © Copyright 2003-2013 Pamela Jones.
All trademarks and copyrights on this page are owned by their respective owners.
Comments are owned by the individual posters.

PJ's articles are licensed under a Creative Commons License. ( Details )