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gnulaw (51.11)

August 2010

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[Update3] Kenneth Langone Continues Buying Spree of Geeknet (GKNT) Shares. Day Eight?

August 31, 2010 – Comments (0) | RELATED TICKERS: GKNT , BBY , YHOO

(August 31, 2010) Total direct holdings climb to 619,761 after acquiring another 24,700 shares today, August 31st, on the open market.  [more]

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Breaking...Exclusive...News...GKNT Shareholders Allege Blatant Violations of Insider Trading Sanctions Act of 1984 by CFO, Former CMO, Former CTO...Story Developing...

August 27, 2010 – Comments (1) | RELATED TICKERS: GKNT , BBY , AMZN

chaosUnplugged revealed on June 16th, and on July 2nd that Geeknet (LNUX)s CFO, Patricia Morris, other Insiders, Continue Dumping Shares Ahead of Q2 Numbers:

Geeknet (LNUX) Insiders dumping shares ahead of q2 numbers (ending June 30, 2010)...while accepting substantial stock bonuses for non-performance and sustained shareholder value destruction. Alleged Violation(s) of Geeknet Insider Trading Compliance Program Guidelines, Insider Trading Sanctions Act of 1984, SEC Rule 10b-5, Sarbanes-Oxley? and during insider blackout period?  [more]

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[Update1] 30 Months Ago Large Institutional 13D Shareholder Put Pressure On Geeknet (GKNT) Board Demanding to Unlock Value. Where are the Shareholders Today? IBM, AMZN, RHT, YHOO, ORCL, BBY Bidding War?

August 27, 2010 – Comments (3) | RELATED TICKERS: GKNT , BBY , YHOO

(November 25, 2009) [Update2] Geeknet (LNUX) - Large Institutional 13D Shareholder Put Pressure On Board Demanding to Unlock Value(1). Where is Geeknet now 21 Months Later?  Source: Motley Fool.   [more]

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[Update2] Kenneth Langone Continues Buying Spree of Geeknet (GKNT) Shares.

August 27, 2010 – Comments (3) | RELATED TICKERS: GKNT , BBY , AMZN

(August 27, 2010) Langone acquires an additional 30,000 Aug 24 and 37,712 Aug 25-26 bringing his total direct ownership to 534,951 shares.  [more]

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30 Months Ago Large Institutional 13D Shareholder Put Pressure On Geeknet (GKNT) Board Demanding to Unlock Value. Where are the Shareholders Today? IBM, AMZN, RHT, ORCL Bidding War?

August 26, 2010 – Comments (0) | RELATED TICKERS: GKNT , BBY , AMZN

[Update2] Geeknet (LNUX) - Large Institutional 13D Shareholder Put Pressure On Board Demanding to Unlock Value(1). Where is Geeknet now 21 Months Later?  Source: Motley Fool, November 25, 2009.   [more]

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[Update1] Kenneth Langone Acquires More Shares of Geeknet (GKNT). Partners now control more than 30% Common and 67% of the Board.

August 24, 2010 – Comments (0) | RELATED TICKERS: GKNT , BBY , AMZN

[Update1] Kenneth Langone Acquires another 30,000 shares 8/23 after acquiring 339,009 Shares on the Open Market August 11th driving shares up 10.94% on 5x ADV closing at Day High of $1.42 one week after Q2 numbers reported and during company housecleaning. Partners now Control over 30% common and 67% Board.

(August 11, 2010) Kenneth Langone Acquires 339,009 Shares on the Open Market August 11th making one of the top insider purchases for August 12thShares up 10.94% on 5x ADV closing at Day High of $1.42 (August 13).  [more]

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Matt Carey, Former CTO eBay now current CIO Home Depot (HD) Joins Geeknet (GKNT) Board

August 21, 2010 – Comments (1) | RELATED TICKERS: GKNT , BBY , AMZN


"...Matt Carey is executive vice president and chief information officer for The Home Depot.  He is responsible for all aspects of the information technology infrastructure, including communication networks and retail systems across the Company’s 2,000-plus stores and store support centers in the U.S., Canada, Mexico and China. Matt also is responsible for the Company’s IT strategy, including the development and execution of technologies used in stores, online and in the supply chain.

Before joining The Home Depot in 2008, Matt served as senior vice president and chief technology officer at eBay. In that role, he was responsible for product development, site operations, electronic security, product planning, platform engineering, data warehousing, trust and safety, and catalog operations for eBay Marketplaces.  [more]

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[Update2] What is Langone's Endgame? Kenneth Langone Delivers on Promise* of Geeknet (GKNT) SourceForge Layoffs...R&D Spending Down 36.8%.

August 19, 2010 – Comments (1) | RELATED TICKERS: GKNT , BBY , AMZN

Kenneth Langone delivers on promise of Geeknet (GKNT) SourceForge Layoffs...R&D Spending Down From 16.6% for 6 mo ending June 30 2009 vs 10.5% same period 2010.  [more]

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[Update1] Kenneth Langone Delivers on promise* of Geeknet (GKNT) SourceForge Layoffs...R&D Spending Down 36.8% From 16.6% for 6 mo ending June 30 2009 vs 10.5% same period 2010

August 17, 2010 – Comments (0) | RELATED TICKERS: GKNT , BBY , AMZN


Kenneth Langone Delivers Promise of Geeknet (GKNT) SourceForge Layoffs...R&D Spending Down 36.8% from 16.6% for 6 mo ending June 30 2009 vs 10.5% for the same period 2010.

   [more]

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Kenneth Langone Delivers on promise* of Geeknet (GKNT) SourceForge Layoffs...R&D Spending Down From 16.6% for 6 mo ending June 30 2010 vs 10.5% same period 2009.

August 16, 2010 – Comments (0) | RELATED TICKERS: GKNT , BBY , YHOO

Kenneth Langone Delivers Promise of Geeknet (GKNT) SourceForge Layoffs...R&D Spending Down From 16.6% for 6 mo ending June 30 2010 vs 10.5% same period 2009.  [more]

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Breaking News...Scott Collison Returns to Geeknet (GKNT) as Chief Product Officer.

August 11, 2010 – Comments (0) | RELATED TICKERS: GKNT , BBY , AMZN

Breaking News...Scott Collison Returns to Geeknet (GKNT) as Chief Product Officer

Scott Collison (@scollison
8/9/10 5:17 PM  [more]

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Breaking News...Two Langone 'Partners' and Geeknet (GKNT) Directors Resign. GKNT Receives Notice of Delisting...Shareholder(s) Allege Gross Negligence, Undue Influence, Conspiracy to Defraud...SEC Rule 10b-5 Violation(s). Story Developing...

August 11, 2010 – Comments (0) | RELATED TICKERS: GKNT , BBY , AMZN

Breaking News...Two Langone 'Partners' and Geeknet (GKNT) Directors Resign.  GKNT Receives Notice of Delisting...Shareholder(s) Allege Gross Negligence, Undue Influence, SEC Rule 10b-5 Violation(s). Story Developing...
  [more]

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Breaking News...Three (more) Senior Officers (COO, CTO, CMO) terminated from Geeknet (GKNT) fka (LNUX)...story developing.

August 10, 2010 – Comments (0) | RELATED TICKERS: GKNT , BBY , AMZN

Breaking News...Three (more) Senior Officers (COO, CTO, CMO) terminated from Geeknet (GKNT) fka (LNUX)...stoey developing.


Item 5.02  [more]

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[Update3] Kenneth Langone, Takes Over as CEO of Geeknet (GKNT) fka (LNUX)...controls 30% of common, 57% of the Board...1:10 reverse stock split, Trojan Horse on the Board? Story developing...

August 07, 2010 – Comments (2) | RELATED TICKERS: GKNT , BBY , YHOO

Geeknet (GKNT) fka (LNUX) Announces Ken Langone as new CEO and departure of Scott Kauffman, CEO and Director, 1:10 Reverse Stock Split, continuing losses, and a decrease of another $5.2M in cash. Q2 numbers ending June 30, 2010 as reported on August 4th on the Q2 ending June 30 conference call...1:56 / 18:09 2nd quarter 2010 Financial Results Conference Call "…my partners and I bought about thirty (30%) percent of th...... over a period of time…" announced Kenneth Langone, CEO, Geeknet (GKNT), August 4, 2010 as he introduced himself to Geeknet (GKNT) shareholders...SEC Form 10-Q filed August 5th, 2010.  [more]

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[Update2] Geeknet (LNUX) Management Speaks with Non-insider Shareholders

August 05, 2010 – Comments (1) | RELATED TICKERS: AMZN , BBY , GKNT

Note: This was originally posted July 25th, 2010, ten days before Geeknet's Q2 numbers release.   [more]

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[Update1] Kenneth Langone, Takes Over as CEO of Geeknet (GKNT) fka (LNUX)...owns 30% of common and controls 57% of the Board...story developing...

August 05, 2010 – Comments (0) | RELATED TICKERS: GKNT , BBY , YHOO

Geeknet (GKNT) fka (LNUX) Announces Ken Langone as new CEO and Departure of Scott Kauffman, CEO and Director, 1:10 Reverse Stock Split, Continuing Losses, and a Decrease of another $5.2M in cash. Q2 numbers ending June 30, 2010 as reported on August 4th on the Q2 ending June 30 conference call...1:56 / 18:09 2nd quarter 2010 Financial Results Conference Call "…my partners and I bought about thirty (30%) percent of this stock over a period of time…" announced Kenneth Langone, CEO, Geeknet (GKNT) formerly Geeknet (LNUX), August 4, 2010 as he introduced himself to Geeknet (LNUX) nka (GKNT) shareholders...SEC Form 10-Q filed August 5th, 2010...story developing....  [more]

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Kenneth Langone Takes Over as CEO of Geeknet (GKNT) fka (LNUX)...story developing...

August 04, 2010 – Comments (0) | RELATED TICKERS: GKNT , BBY , AMZN

Geeknet (GKNT) fka (LNUX) Announces Ken Langone as new CEO and Departure of Scott Kauffman, CEO and Director, 1:10 Reverse Stock Split, Continuing Losses, and a Decrease of another $5.2M in cash. Q2 numbers ending June 30, 2010 reported...story developing...   [more]

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