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SCO Skirts Nasdaq Delisting with Post-Deadline Hearing

Posted by dave on · 1 comment
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After missing several deadlines to turn in its late financial reports, the company files an appeal and secures a March hearing with the Nasdaq Listing Qualifications Panel.

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Comments (1)

TxtEdMacs ·
The stressed points I gathered from those sources was the dreaded letter "E" after the company's trading code. I hope most traders are more informed than I, because I got the impression that it was SCO that decided to change their code, albeit after getting the delisting notice.

The ending sentences were the most telling: the March 17 hearing gave SCO at least four more weeks of trading to keep its valuation or even up to six months if a decision can be delayed. Once delisted the stocks lose liquidity and their values drops into the pennies range.

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