Geeknet (GKNT) A Disturbance in the Force? On GKNT, iCade shareholder value risks.
1. ION Audio controls the iCade gaming SDK (Jeff Scott's interview with IONAudio's Gaming Product Manager Fred Galpern). This is a concern and is also surprising given Geeknet's (former)* R&D capabilities/synergies on its media side (Slashdot.org, Sourceforge.net, Feedery.com). Insufficient Geeknet bandwidth to control iCade SDK IP? Is this the effect of ongoing R&D slashing* since June 2010? [more]
Did Geeknet Directors Plunder Geeknet as Geeknet reported Q4 2010 and Q1 2011 Continuing Losses? - Kenneth Langone Awards $345,000 to Recently Elected GKNT Directors Exercised May 9th at a $0 Price.
Prima Facie [more]
Vote NO PROPOSAL SEVEN - AMENDMENT TO THE COMPANY’S 2007 EQUITY INCENTIVE PLAN. This company is a train wreck with awarding bonuses not based on performance to untested, unprofitable, and a revolving door management team. [more]