With only eight business days until Geeknet (LNUX)s Q1 2010 earnings announcement Geeknet disturbingly issues insiders 550,000 shares of ten-year options. Apparently Geeknet (LNUX) has never heard of an insider trading window. [more]
[CORRECTION] The second time was when silicon valley web 2.0 startup, digg.com, blindsided Dexter/Holland, Michigan's slashdot founders... [more]
Is SourceForge nka Geeknet about to blow it a 2nd time? So close...but yet so far?
"...Initial Public Offering (IPO) on 9 December 1999. The shares for the IPO were offered at $30, but the traders held back the opening trade until the offers hit $299. LNUX later popped up to $320, and closed their first day of trading at $239.25, a 698% return. However, this high-flying success was short-lived, and within a year the stock was selling at well below the initial offer price. As of 2005, this is still the most "successful" IPO of all time. The stock price reached an intra-day nadir of 54 cents on 24 July 2002. It then soared more than 1000% to an intra-day high of $6.38 on 11 September 2003. As of 26 November 2006, the stock closed at $4.64. ..." Source: Wikipedia [Update] Geeknet closed at $1.59 Friday April 16, 2010. [more]
Jason "MTV" Baird + Step Back = Geeknet (LNUX) Shareholder Value/Brand Equity Tipping Point viral expansion launch/loop? [more]