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10-03-2009
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What To Do About SCO? Let's Spend More Money on Professional Advisors
I have a friend whose theory of life is that when you are down to your last $100, rather than skimping, you should go out and spend it on a luxurious, wonderful meal, because afterwards you'll think of something. SCO's Chapter 11 Trustee must be a kindred spirit.
Mr. Cahn has filed with the bankruptcy court an application to hire a financial advisor/investment banker, Ocean Park Advisors, to advise him on what he should do about SCO. Should they reorganize, sell off and shut down or what? It's complicated. Not to mention expensive. Wait. Does SCO have any money it doesn't already owe to someone? More... |
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