[ale] It might be too late to sell your SCOX stock

[James P. Kinney III]

On Mon, 2007-09-17 at 17:18 -0400, Jeff Lightner wrote:

> The only debt I know of that you can never get rid of via bankruptcy is
> IRS debt.  Of course personal bankruptcy laws have changed to favor
> corporations over individuals under the Republicans but this discussion
> is about corporations so the old rules still apply.
 Add student loans to that list of always around even after bankruptcy.

One thing to add to this mix with SCO is if the Novell judgment included
a judges order to payup, that will trump all other debts SCO may have.
As that is far more cash due out than SCO has in assets (thus can't
borrow the money even if they had any credit left) if they are forced to
pay up, the only payout may be a forced sale of all assets. That rarely
happens but in this case it just might.

I'll pony up $5 for the desk. $10 if it has Daryl's fingertips slammed
off in a drawer... <cue evil laughter>
-- 
James P. Kinney III          
CEO & Director of Engineering 
Local Net Solutions,LLC        
770-493-8244                    
http://www.localnetsolutions.com

GPG ID: 829C6CA7 James P. Kinney III (M.S. Physics)
<jkinney at localnetsolutions.com>
Fingerprint = 3C9E 6366 54FC A3FE BA4D 0659 6190 ADC3 829C 6CA7
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