Hello tonysee200x,
> Scott, I am not sure you are not the one who is blinded by
> religion here.
No blinding ... I continue to reiterate I see this as a high-risk, long shot.
> You are still convinced you have a chance to make money on
> SCOX stock. Last we heard you averaged down to $3.50 a share,
> have you averaged down further at this point?
I'm convinced that the judge has not ruled, nor thrown out the case. High-risk, long shot. Yes ... I've had triggers at the bottom, and am down to ~$1.50. And yes ... it's money that I am fully willing to lose. No biggy.
> I just can not see the scenario where SCOX comes out ahead on
> this, to many things have to go their way (did the unix copy
> rights transfer, gpl, Caldara was a linux company, united
> linux agreement, claims thrown out). So many things have to
> go SCOX way for it to come out in their favor. I just can’t
> see a chain of events that make this possible.
I agree ... and the odds have decreased, hence the drop in price. The Novell lawsuit will immediately tell everyone - including me - what the judge thinks about the entire sale and transfer of rights and ownership. This, IMHO, will truly demonstrate the probable future, and obviously has the potential to destroy any other possible outcomes.
Also, there are a number of legal issues surrounding SCOX as an ongoing concern. From the attorneys that I have talked to it is critical for SCOX to survive financially until all of this is settled. From what they indicated, anything that could force the collapse of the company triggers other legal issues. I'm not sure the exact details, but it relates to being an active business.
> You remind me of myself as a kid watching a Red Sox game. If
> the Sox where losing by 5 runs in the ninth inning I would
> say to my dad, you can’t say the sox are going to lose. The
> game is not over yet, they still have a chance. My dad would
> say, too many things have to go their way for them to come
> back. (To bad I couldn’t respond the other team is just
> trying to delay until the Sox can’t take the field)
I see what you are saying, however the one difference is that the judge is the final say. So far, Novell and IBM have not been able to convince the judge to throw out *everything*. Yes, the claims and arguments have been slashed, however the cases have not been thrown out.
The issue is the due course of law. I fully understand the process is one that has to be followed, and so far in that process - although the outside world is yelling that it's all over - the judge has not yet agreed.
They'll have their day in court ... they'll either settle before, go down in flames, or win something. In two of those cases I stand to make something. Not sure what ... but it's like playing the lottery. This isn't a strategic investment on my part.
In any case, I'm ok sitting on my high-risk, long shot investment. It's just a small portion of my portfolio.
P.S. Yes ... I also do love the emotion and religion that people bring into this discussion, continuing to ignore the fact that I keep saying it's a high-risk, long shot investment. :-)
Scott C. Lemon
the.inevitable.org |
