SCO delenda est

SCOX was finally delisted from NASDAQ yesterday (December 27th, 2007). SCOX.PK closed today at $0.065 with a market cap of about 1.17 million. It is indeed gratifying to see the market finally recognize what most intelligent observers have known for the past 4 years: that SCO’s fraudulent and feckless schemes were doomed to failure. But it is disturbing that it has gone on so long and drained an enormous amount of money that could have been put to much better uses. By my rough calculations, the parties to the various cases SCO is involved in have spent a combined total of well over $100 million in legal fees and expenses not to mention that some investors have lost tens of millions of dollars. After SCO is utterly destroyed (and sadly this will probably take a couple more years during which even more money will be wasted), I doubt any of the victims of SCO’s fraudulent scheme will be able to recover much more than a tiny fraction of their losses.