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gnulaw (51.36)

Dexter, we have a problem....SourceForge's (LNUX) cash/share at 1.2 x Price/Share

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November 21, 2008 – Comments (1) | RELATED TICKERS: JAVA.DL , GKNT , YHOO

 

As the world descends into a Global Recession, stock volatility soon to top the 1929 record, rates on three-month bills dropping to the lowest since the start of World War II, CmdrTaco / Slashdot / SourceForge nemesis Kevin Rose, digg - is again cited as Most Famous Man on the Internet and digg as the Hottest Small Company in America - Inc Magazine (Front Cover) November issue as slashdot/Robert Neumeister/LNUX Board of Directors drive SourceForge common to new historical lows and < cash/share. Note: Digg.com successfully closed a $28.7 million round of Series C Funding in late September. So, let's look at the SourceForge.net v digg.com numbers

SourceForge.net v digg.com Alexa Global 500 ranking update

Nov 21 2008


SourceForge.net - 148
digg.com - 310

SourceForge (NASDAQ:LNUX) Key statistics

Market Cap $41M
PSR .81
Market/Book .7
(cash/share)/(price/share) 1.22*

*the implications that SourceForge's cash position is now 1.22 x price/share suggests the street would rather divest at $.60/share than own shares with $.73 in actual cash/share which would price

SourceForge.net, ThinkGeek.com, Linux.com, and slashdot.org, 9% ownership in Collabnet....at less than zer0.

Dexter**, we have a problem....

1 Comments – Post Your Own

#1) On November 21, 2008 at 2:36 PM, gnulaw (51.36) wrote:

and it is spelled

R-o-b-e-r-t N-e-u-m-e-i-s-t-e-r, Patricia Morris , Andrew Anker , Ram Gupta , Scott E. Howe , Suzanne M. Present , Carl Redfeld , and David B. Wright .

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