[wplug] SCO involved in illegal "pump and dump"?

[Russ Schneider]

It would seem by the evidence that SCO is involved in an old scam called 
the "pump and dump". ( http://www.sec.gov/answers/pumpdump.htm )

A "pump and dump" by the way is considered a federal offense.

Evidence:

On March 7th, SCO filed suit against IBM over what they claimed was code 
owned by SCO Unix being used in Linux software and distributed without 
paying royalties to SCO.

In May, SCO sent letters to 1500 companies warning them they might be 
liable for sopyright infringement.

Now, take a look at the following stock chart that charts the past year 
of SCO's value.  Look at what has happened since all this began:

http://finance.yahoo.com/q?s=scox&d=c&t=1y

Stock jumped sharply around March 7th, and then again in May right after 
the threatening letters went out.

The only problem is, SCO has yet to provide one shred of evidence to 
uphold their claim.  Right now, SCO is on a media blitz to make these 
allegations as widely known as possible.

This increase in stock value isn't bad for a company that really hasn't 
put out any new product, or done anything in terms of marketing, 
distribution, deals, etc. that traditionally increase a stock's value. 
Basically, what we have here is a traditional "pump" of an otherwise 
worthless stock.

And of course, you can't have the "pump and dump" without the "dump":

Insider trades:
http://biz.yahoo.com/t/s/scox.html

So even if SCO withdraws their claim with no further action, the execs 
still turn a tidy profit.

Anyone feel like forwarding this to the SEC? :)

-- 
Russ Schneider (a.k.a. Sugapablo)
http://www.sugapablo.com

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