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gnulaw (51.59)

Geeknet (LNUX) - What did Tesla's Jonathan Sobel Know and When Did he Know it? Should Tesla's Imminent IPO be Accordingly Delayed Pending FINRA/SEC investigation?

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November 21, 2009 – Comments (3) | RELATED TICKERS: BBY , AMZN , GKNT

Geeknet Group Media President, Jonathan Sobel abruptly announced his departure on August 31st on the heels of dumping shares of LNUX during LNUX's alleged quiet period and prior to an imminent announcement of a 100% negative earnings surprise Q2 (June 30) and 167% negative earnings surprise Q3 (Sep 30). Sobel departed September 25th. We first broke news he jumped ship to Tesla Motors September 1st.

Geeknet is still promoting Jonathan Sobel as Group Media President on its new website despite Sobel departing only 8 days after this prominently displayed event amidst no disclosure of his departure

1) either on the website nor  

2) to the participants of the Conference and

3) the August 31st announcement of his departure was taken off/omitted from the Geeknet press site (yet, significcantly, the Blueshirt Group/SourceForge's (Geeknet's) July 30th 2009 Second Quarter results ending June 30th announcement is there). 

What did Jonathan Sobel know and when did he know it? and should Tesla's imminent IPO be, at least, accordingly delayed pending FINRA/SEC investigation pursuant to alleged SEC Rule 10b-5, Section 406 of the Sarbanes-Oxley Act of 2002 and SEC rules promulgated thereunder?

 

 

3 Comments – Post Your Own

#1) On November 21, 2009 at 10:12 AM, gnulaw (51.59) wrote:

[CORRECTIONS]

 

1.>>yet, significcantly should be [significantly].

2. >>pursuant to alleged [violations of] SEC Rule 10b-5, Section 406 of the Sarbanes-Oxley Act of 2002 and SEC rules promulgated thereunder.

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#2) On November 21, 2009 at 12:48 PM, gnulaw (51.59) wrote:

Note: Sobel did not disclose his departure on the July 30th conference call re: Q2 ending June 30 2009 ref/ http://caps.fool.com/Blogs/ViewPost.aspx?bpid=237038&t=01005232244381733972

and planned his departure for September 25th, 5 days before the end of Q3 ending September 30th. 

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#3) On November 26, 2009 at 10:21 AM, gnulaw (51.59) wrote:


[UPDATE1]>>Geeknet is still promoting Jonathan Sobel as Group Media President on its new website despite Sobel departing only 8 days after this prominently displayed event amidst no disclosureof his departure 

Note: chaosUnplugged successfully forces Geeknet to change their website copy on Jon Sobel from 

Jon Sobel, SourceForge, Inc., President, Media Business  to

Geeknet, Inc., Former President, Media Business. Source: http://geek.net/nycpanel/  

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