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Another SCO Creditor Sells Its Claim to Argo

By Pamela Jones et al.

Tech Marketing Ink of Orem, Utah, a creditor in the SCO bankruptcy, has sold its claim to Argo Partners. I guess it figured a bird in the hand and all that. At this point, the company may feel that there's no getting blood from a stone and the likelihood of getting paid by SCO in bankruptcy court is slim. You can sell your claim if anyone will buy it, usually for a price that may be less than you are owed, but at least you have something. In real money. In a real world.

The company does presentations, among other things. I can't help but wonder if they did the presentations that SCO used with analysts. That would be ironic, to have it all end up like this.

But why would Argo buy this claim? I can't imagine, so let's research possibilities. The claim is modest, in the bigger picture, for $3,000. But we've seen Argo before.

Full post as published by Groklaw on October 13, 2010 (boomark / email).