Has Scott Kauffman Discovered the Combination to Unlocking SourceForge (NASDAQ:LNUX) Shareholder Value?
Just as a combination lock's security is determined by the number of wheels in a wheel pack, which is based on how many numbers are in the combination, unlocking LNUX shareholder value has possibly been determined by 6 wheels, as follows:
1st number: Baseline Assets: ThinkGeek.com, Slashdot.org, SourceForge.net
2nd number: October 29, 2007 hiring of Jonathan Sobel.
3rd number: September 24, 2008 SourceForge brings on Suzanne Present, Lazard Freres, Gladwyne, Marlin Sams Fund, et al after accumulating a controlling position in (NASDAQ:LNUX). Present is a wildcard, may not be one of the numbers. Suzanne Present is also on the Board of Directors of Electric Sheep Company and Anshe Chung Studios. This may prove significant with the 6th number.
4th number: December 3, 2008 SourceForge appointed Scott L. Kauffman President, CEO, and a Director of SourceForge. LNUX stock performance since Scott Kauffman joined SourceForge 12/08 - 06/09.
5th number: Ohloh Acquisition announced May 28, 2009.
6th number: June 10, 2009 Michael Sileck was appointed to LNUX's Board of Directors. Sileck was formerly COO (NYSE:WWE), CFO Monster Worldwide (NYSE:MWW), and in finance positions with USA Networks, now Barry Diller's IAC/Interactive Corp (NASDAQ:IACI). Sileck is also a senior advisor to and on the Board of Directors of Beeing. The CEO of Beeing is O Liam Wright. There seems to be a potential connection between Beeing/Wright (no pun intended) and Present/Electric Sheep/Anshe Chung (3rd number).
Does this combination imply LNUX is going after/beyond IACI?