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