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gnulaw (50.22)

Is a former Director, a former COO, and former majority shareholder of World Wrestling Entertainment about to throw a triangle choke hold on Geeknet (LNUX)?

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February 21, 2010 – Comments (3) | RELATED TICKERS: GKNT , BBY , AMZN

A continuing blog on maximizing insider and non-insider small-cap shareholder value.

Are three current Geeknet Directors who were formerly a Director, COO, and majority shareholder of World Wrestling Entertainment (NASDAQ:WWE) [1,2,3] about to sandbag and throw a triangle choke hold on Geeknet (LNUX)?

Three Geeknet Directors (Suzanne Present, Michael Sileck, former COO (NASDAQ:WWE), and Robert Bowman, WWE Director and recently appointed LNUX Director), pursuant to said relationship effectively/beneficially now control 37.5% of the Board of Directors and > 25% [4,5] of (NASDAQ:LNUX) common. 

 

1. (March 18, 2009) Notice To Shareholders, PROXY Statement

2. (March 31, 2008) DEF 14A SEC Filing, filed by WORLD WRESTLING ENTERTAINMENTINC on 3/31/2008.

3. (March 31, 2008 Schedule 14A

4. (November 13, 2009) Geeknet (LNUX) Insiders Hold More than 25% of Outstanding Shares After Acquiring Another 1 Million+ Shares Today. Amazon Takeover? Going Private? Or What?

5. (August 23, 2009) Follow the Money:Gladwyne/Sams (Present/Sileck) SourceForge (LNUX) Control Exceeds 22%* (shares) 28% (Board) 

 

chaosUnplugged, Motley Fool #1 Leader, Red Hat (RHT) and Citrix (CTXS) picks.

3 Comments – Post Your Own

#1) On February 21, 2010 at 9:26 AM, gnulaw (50.22) wrote:

>>CORRECTION (NASDAQ:WWE)

 

Should be (NYSE:WWE

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#2) On February 28, 2010 at 11:12 AM, gnulaw (50.22) wrote:

One has to question whether Geeknet is a job outplacement center for former World Wrestling Entertainment Directors, Officers, and major shareholders....and why isn't Geeknet issuing [any] press releases? kauffman [and Geeknet] are [all] about Branding and Kauffman simply has [never] issued a press release announcing [anything] promoting this company, brand, shareholder value. Press releases are a superior form of branding...establshing mindspace...and there has been innumerable opportunities since Kauffman joined Geeknet, however, he has conspicuously 1. avoided issuing press releases and 2. avoided partiicipating in Analyst and Investor Conferences. This is financial and shareholder value suicide(.) 

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#3) On February 28, 2010 at 11:30 AM, gnulaw (50.22) wrote:

>>This is financial and shareholder value suicide(.) 

 

and precisely why LNUX continues to trade < liquidation value.

qed?

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