Scheduled for a suspension of its stock at Nasdaq yesterday, SCO's stock remains available for trading. This indicates that SCO was successful with its appeal to stay the suspension until a Nasdaq Listing Qualifications Panel has reached a decsion on the matter. SCO told its investors on September 19 that it will request a hearing to review the potential delisting of the stock.

SCO's stock was hovering around 17 cents in early Friday trading, up half a cent or 4% from Thursday. The company is currently valued at about $3.6 million.

SCO is waiting for a hearing

Sep 29, 2007 04:30     

They've asked for a hearing on the delisting (triggered by their Chapter 11 fining), and the delisting is stayed until the appeal is heard (currently scheduled for November 8) and a decision is made. A second delisting clock is ticking, based on their stock sitting under $1.00/share for 30 days. They have until March 24 to cure that problem.
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