On January 31, The SCO Group should have filed with the SEC its 10-K, but it didn't. Instead, it filed for a 15-day extension.

Starting yesterday, 15 days later - the 10-K having still not been filed - stock of The SCO Group has started trading under the symbol SCOXE instead of SCOX. That extra "E" acts as a flag to the world that Nasdaq has served notice on SCO that it is not in compliance with the exchange's listing requirements having failed to file its annual report with the SEC.

Reporting at NewsForge, Melanie Hollands notes that "if SCO's auditors have a problem signing off on the 10K for any reason, that could be serious."

In a press release issued Thursday, SCO said:

"The Company has been unable to file its Form 10-K for the fiscal year ended October 31, 2004 because it continues to examine certain matters related to the issuance of shares of the Company's common stock pursuant to its equity compensation plans. The Company is working to resolve these matters as soon as possible and expects to file its Form 10-K upon completion of its analysis."

SCO's securities will be delisted from the Nasdaq SmallCap Market at the opening of business on February 25, 2005, unless it requests a hearing on Nasdaq's delisting notice, served on February 16. In that notice, the staff of The Nasdaq Stock Market indicated that SCO is subject to potential delisting from the Nasdaq SmallCap Market for failure to comply with Nasdaq's requirement to file its Form 10-K for the fiscal year ended October 31, 2004 in a timely fashion, as required under Marketplace Rule 4310(c)(14).