SCO Raises $10 Million in Private Placement (Groklaw) [LWN.net]

Groklaw reports that SCO has just sold $10 million worth of stock. "See what happens when I go out shopping? SCO announces it has closed a $10 million private placement of 2,852,449 shares of common stock to "existing SCO institutional shareholders" and a member of the board, true believers to their dying day. What, nobody new wants to buy this stock, or what? You didn't really think they'd be allowed to go bankrupt, did you? I checked to see if they'd filed anything with the SEC, to try to fill in some blanks, but I find nothing yet. There is only the S-1 Recission Offer filed earlier this month."

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SCO Raises $10 Million in Private Placement (Groklaw)

Posted Dec 1, 2005 16:36 UTC (Thu) by jhardin (guest, #3297) [Link]

I guess PJ missed the announcement that SCO hired P.T. Barnum.

SCO Raises $10 Million in Private Placement (Groklaw)

Posted Dec 2, 2005 12:40 UTC (Fri) by copsewood (subscriber, #199) [Link]

Clearly the True Believers seem determined to get the case to trial, but no pit into which money can be poured is bottomless.

SCO Raises $10 Million in Private Placement (Groklaw)

Posted Dec 8, 2005 8:04 UTC (Thu) by ekj (guest, #1524) [Link]

This is a good thing. We don't really want this case to fizzle without resolution from SCO running out of cash.

Much better they go out with a loud bang.

Investors who invest in SCO deserve everything they get. (which will be -ZERO-) Financial markets have long memories. The next guy to come up with the business-plan of "let's sue linux" is going to have a hard time securing funding. People will remember what happened last time.

Offcourse MS and thelike could still fund, not expecting to win, but expecting to do damage. But frankly, I don't think SCO even suceeds at hurting Linux image anymore, they're just too ridicolous. And I consider wasting the money of people and companies hostile to Linux to be a good thing.

In short: At this point, one can pretty much say SCO is on our side.