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Hong Kong -- Here Comes Me Inc Software! -- and More Bankrupcy Bills - Updated

By Pamela Jones et al.

More bills, bills, bills in the bankruptcy, but it's winding down. But SCO is winding up. Guess where Me Inc Software, the subsidiary, is located? In Utah, or Delaware, or anyplace that the US bankruptcy court in Delaware or the creditors can get at the profits, which SCO executives have described as an anticipated "river of revenue"? Nay, m'lords. In Hong Kong. We learn from the bills that there is a Me Inc Software foreign subsidiary now in China, filing profits tax forms.

So, what do you think? Can Novell get its money from a Hong Kong foreign subsidiary? I'm sure we all agree that SCO would never try to stiff anyone, so the fact that they are setting this up just before the bankruptcy court is about to decide on the question of how Novell will get the money the Utah court decided SCO owes them must be entirely coincidental. I feel a song coming on:

Ah, sweet mystery of life
At last I've found you...
T'is love and love alone that can repay

I hope Novell likes music, because methinks it will never see that $3 million. The other creditors? Do they still hope? Like a raisin in the sun. Hark! There is one, buried in the bills, asking about the status of the case. Dream on, my friend! Lie back, try to relax, while I tell you about Hong Kong.

Full post as published by Groklaw on August 21, 2008 (boomark / email).