Comment: $1,515,129 (Score 2) 227
The MOR for TSG shows total assets as $0 (yes, that's "zero"), down from $1,326,293 on petition date, and total liabilities of $1,119,238, up from $418,965 on petition date. The MOR for TSG Operations shows total assets as $1,515,129, down from $15,493,080 on petition date, and total liabilities of $9,739,295, up from $4,311,640 on petition date. Go SCO! It was not bankrupt when it entered bankruptcy protection, but it surely is now.
Total assets: $1,515,129. Total Debt: $10,858,533
Hmm... SCO's in a world of hurt. I'm trying to figure out how they can even get lawyers to work with them at this point, unless they're using a 'We don't get paid unless you get paid!' ambulance chaser-type personal liability attorney.
Hey, IBM. That's a total of $12,373,662. According to your 2010 income report, it looks like you're making a net of about 14 billion dollars a year... literally more than a thousand times that. And I'm thinking that at least some of that $10.9m is owed to you. If you guys negotiate a bit with the other creditors, I'm betting you could simply up and purchase all SCO's assets for about $2-4m.
That's lunch money for a company like IBM. It's less than a certain Kickstart project we've all been reading about.
Think about the good will you could create by taking a dump truck to what's left of SCO and then public-domaining the entire shebang.