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gnulaw (49.73)

Is SourceForge nka Geeknet (LNUX) About to Blow it a Second Time in its Ten Year History?



April 18, 2010 – Comments (2) | RELATED TICKERS: GKNT.DL , BBY , AMZN

Is SourceForge nka Geeknet about to blow it a 2nd time? So close...but yet so far?

"...Initial Public Offering (IPO) on 9 December 1999. The shares for the IPO were offered at $30, but the traders held back the opening trade until the offers hit $299. LNUX later popped up to $320, and closed their first day of trading at $239.25, a 698% return. However, this high-flying success was short-lived, and within a year the stock was selling at well below the initial offer price. As of 2005, this is still the most "successful" IPO of all time. The stock price reached an intra-day nadir of 54 cents on 24 July 2002. It then soared more than 1000% to an intra-day high of $6.38 on 11 September 2003. As of 26 November 2006, the stock closed at $4.64.[8] ..." Source: Wikipedia  [Update] Geeknet closed at $1.59 Friday April 16, 2010.


Geeknet's CEO, Scott Kauffman has made and is making some substantive changes to this once most "successful" (and disastrous) IPO of all time. In November I made this post: "ThinkGeek's Guitar T-Shirt at Tipping Point of Becoming the Next Pet Rock?" (including all comments). There was a contest and what unequivocally has the potential to be one of the best advertisements ever, in general, and for Geeknet (LNUX) specifically, and with all due respect to the other contestants, incomprehensively and disturbingly came in 3rd in ThinkGeek's contest. I will say it one more time.  My last post "Geek Math: MTV + ThinkGeek(net) LNUX Electronic Guitar Tshirt = Shareholder Value Launch?" says it all. The question now is, Is Geeknet (LNUX) about to blow the most priceless and irreversible opportunity in its history? I fully understand that shareholder value maximization involves superior management, sustainable growth > cost of capital, superior perceived value/brand equity, superior competitive strategies/advantages, laser-focused unbridled passion across the core management team/entire company. Arguably Geeknet (LNUX) may be close under Kauffman's guidance but they are also staring the flame with the ability to set off Geeknet LNUX's tipping point into a closed viral expansion loop and it all comes down to this one equation: 

Jason "MTV" Baird +  Step Back = Geeknet (LNUX) Shareholder Value/Brand Equity Maximization.



Geeknet (LNUX) - Large Institutional 13D Shareholder Put Pressure On Board Demanding to Unlock Value. Where is Geeknet (LNUX) 27 Months Later? Source: "Efficient Market Hypothesis and the Implications of Non-disclosure" (See References to that post).


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

2 Comments – Post Your Own

#1) On April 20, 2010 at 7:11 PM, gnulaw (49.73) wrote:

ThinkGeek Guitar Shirt Video Contest Winners 'Pick'd' Source: Geeknet 4:00 PM April 20, 2010* 





* Note: This contest was officially announced April 2nd. 


Comment: All things equal (i.e. if the above geek math is not in play), based on [today's] news release it is clear who should be replaced. I will try to remain positive and hope Jason Baird snatches defeat from the jaws of ThinkGeek's perceived victory. Ty, the only thing "over the top" was your tragic conclusion and how you failed to see what was staring you in the face... 

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#2) On April 20, 2010 at 7:31 PM, gnulaw (49.73) wrote:

From SourceForge News....ThinkGeek is now censoring the comments on their Blog regarding the controversy concerning this contest and their press release is pointing to a different site than the official contest site. Very sad.

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