trolltalk.com's Journal: SCOXQ.PK - SCO delisted!

It's official. SCO is now trading with the "pinks" - the "over-the-counter penny stocks". They knew on the 21st, but didn't want us to celebrate too much over the holidays, I guess. Well, there's always New Years.

PR Newswire release: here

"27-Dec-2007 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Tra Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On September 18, 2007, The SCO Group, Inc. (the "Company") received a Nasdaq Staff Determination letter (the "Determination") from the Listing Qualifications Department (the "Staff") of The Nasdaq Stock Market indicating that, as a result of the Company's having filed for protection under Chapter 11 of the U.S. Bankruptcy Code, the Staff determined, using its discretionary authority under Nasdaq Marketplace Rules 4300 and IM-4300, that the Company's securities would be delisted from The Nasdaq Stock Market and that trading in the Company's common stock would be suspended unless the Company filed an appeal of the Determination.

The Company filed for an appeal of the Determination. On November 8, 2007, the Company had a hearing before the Nasdaq Listing Qualifications Panel (the "Panel") to review the Determination.

On December 21, 2007, the Company received a letter from the Panel, informing the Company that the Panel had determined to delist the Company's securities from The Nasdaq Stock Market and will suspend trading of the securities effective at the open of business on Thursday, December 27, 2007.

To Teh Moon? More like cratered.