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gnulaw (58.73)

SourceForge (LNUX) Scott Kauffman's 5-step Shareholder* Value Creation Process Model

Recs

1

November 03, 2009 – Comments (5) | RELATED TICKERS: GKNT , BBY , IBM


Step 1. Join the Company as CEO only if you are provided guaranteed up-front 2,250,000 shares not tied to performance. 

 

Step 2. Provide no guidance, pursue a non-insider shareholder hostile relationship with your shareholders.

 

Step 3. Do not take LNUX's dominant asset, (NASDAQ:G33K) through an IPO. 

 

Step 4. Engage in alleged concealment, misrepresentation, and SEC Rule 10b-5 violations by allowing potential shareholders to believe Yahoo's former General Counsel is SourceForge President, Media Business. 

 

Step 5. Pursuant to consistent patterns of said [mis]-management vis-a-vis the inability to create shareholder value, issue hundreds of thousands of ten-year share options tied to said shareholder value destruction and allegedly during the Company's quiet period from July 31 through October 29th to Senior Management, including Jay Seirmarco, formerly LNUX's legal counsel and very recently and equally mysteriously, now the Company's Chief Technical Officer.              

...and that's how you create [insider] shareholder value...

 Q3 ending September 30th, 2009 Financial Results November 4th 5:00 PM ET   

 

*Insider  

  

5 Comments – Post Your Own

#1) On November 04, 2009 at 9:48 AM, gnulaw (58.73) wrote:

Of further significance is the fact that SourceForge took down their Analysts page from their Corporate website web.sourceforge.com, i.e. Analysts following LNUX. They have lost 3 of their five analysts following them. LNUX is currently down to two analysts following them. One must simply question what the mindset is at the top. Whatever it is, it is [not] non-insider shareholder friendly/motivated/responsible...

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#2) On November 04, 2009 at 11:51 AM, gnulaw (58.73) wrote:

Let me put this into perspective having substantial background with investor relations in the telecommunications, microcomputer hardware and software industries, if the CEO was charged with implementing a strategy of minimizing or destroying shareholder value one would pursue the strategy precisely as Scott Kauffman has...but why?

Analyst consensus for Q3 numbers is a loss of <$.03> eps or appx $1.8M. source:http://biz.yahoo.com/research/earncal/20091104.html?t=lnux

 

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#3) On November 04, 2009 at 11:57 AM, gnulaw (58.73) wrote:

The BlueShirtGroup http://www.BlueShirtGroup.com is SourceForge (LNUX)'s Investor Relations Company. 

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#4) On November 07, 2009 at 8:54 AM, gnulaw (58.73) wrote:

*Step 6. Say you're a geek and change the name of the company to Geeknet. Tie insider bonuses to ThinkGeek.

 

* Formerly a 5-step shareholder value creation process model.

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#5) On November 26, 2009 at 10:14 AM, gnulaw (58.73) wrote:

[UPDATE1]>>Step 4. Engage in alleged concealment, misrepresentation, and SEC Rule 10b-5 violations by allowing potential shareholders to believe Yahoo's former General Counsel is SourceForge President, Media Business.   

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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