Scheduled for a suspension of its stock at Nasdaq yesterday, SCO’s stock remains available for trading. This indicates that SCO was successful with its appeal to stay the suspension until a Nasdaq Listing Qualifications Panel has reached a decsion on the matter. SCO told its investors on September 19 that it will request a hearing to review the potential delisting of the stock.
SCO’s stock was hovering around 17 cents in early Friday trading, up half a cent or 4% from Thursday. The company is currently valued at about $3.6 million.