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gnulaw (54.24)

ThinkGeek (NASDAQ:GEYK)* IPO? - How to Efficiently and Effectively Create LNUX Shareholder Value

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August 02, 2009 – Comments (7) | RELATED TICKERS: BBY , IBM , GKNT

 

The momentum is there at SourceForge [LNUX] and Kauffman (Sobel?)  has made some strategically correct decisions but this [July 30th] Earnings conference call exposed additional smoking guns and [arguably] confirmed Scott Kauffman is not the person to create [fully realizable/fair] shareholder value for non-insider shareholders. This was unequivocally confirmed on this conference all and in his own words. All things equal, SourceForge will continue to elude the confidence of "The Street".

One obvious strategy SourceForge should be pursuing is performing an IPO for ThinkGeek.  This would finally and rightfully establish, at least, ThinkGeeks' fair market cap. Two strikes against Kauffman, not providing guidance (incl. not attending analyst meetings/technology investment conferences) and not taking ThinkGeek public. - Source: Comment from previous post

This strategy would, again, more accurately establish LNUX shareholder value, in addition, to providing a war chest of cash to continue building out Scott Kauffman's vision of a world class Open Source ecosystem. And with all due respect to the current CFO, a new CFO would have to come with the IPO,  Sileck?, in addition, to bringing in a COO (from Best Buy)  to ThinkGeek, keeping Offutt, of course..?

Timing is everything Scott. 

 

* The obvious symbol "GEEK" is already taken.  

 

ReferenceQ2 numbers ending June 30, 2009 

7 Comments – Post Your Own

#1) On August 02, 2009 at 11:34 AM, gnulaw (54.24) wrote:

 

 "...[fully realizable/fair] shareholder value for non-insider shareholders..." A better perspective would be that a ThinkGeek IPO would provide a superior solution for SourceForge to attain self-actualization of LNUX shareholder value. 

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#2) On August 02, 2009 at 8:16 PM, gnulaw (54.24) wrote:

Additional information:

For fiscal 2008 [unadjusted] ended July 31, 2008 ThinkGeek accounted for 66.6% of SourceForge's Consolidated Net Revenues, 2007 (61.6%), 2006 (60.7%).  This provides additional compelling reason for an IPO, in addition to Kauffman and Morris being in a position to, at least, provide eCommerce guidance, of which they completely blew in establishing any credibility with "The Street" in their July 30 Financial Earnings Conference Call. I will reemphasize that this CC revealed a substantive smoking gun.

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#3) On August 02, 2009 at 9:10 PM, gnulaw (54.24) wrote:

Proposed Stock Symbol: G33K !

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#4) On August 03, 2009 at 6:15 AM, gnulaw (54.24) wrote:

Q: Why hasn't Jonathan Sobel thought/implemented this??? This is a smoking gun the shareholders simply cannot afford. Scott Kauffman continues to say how small SourceForge is. Apparently/arguably this mindset has translated itself to available Management bandwidth where as of this latest CC Kauffman has firmly established a resistance point with LNUX's stock price.

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#5) On August 03, 2009 at 10:41 PM, gnulaw (54.24) wrote:

Further confirmation that Kauffman understands ThinkGeek's dominant contribution to SourceForge's shareholder value by justifiably approving a 100,000 share stock option to Caroline Offutt on July 31st. He just failed to understand how to fully monetize ThinkGeek's shareholder value to [all] shareholders by taking ThinkGeek (NASDAQ:G33K) public.  It is staring him right in the face. I am confident this fact has not eluded Caroline Offutt.

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#6) On August 17, 2009 at 7:58 PM, gnulaw (54.24) wrote:

After slow start, more IPOs predicted in 2009 

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#7) On August 23, 2009 at 10:25 AM, gnulaw (54.24) wrote:

A (NASDAQ:G33K) IPO is essential. The proceeds should [also] be used to acquire ThinkGeek rival jinx.com who appears to 1) beat ThinkGeek with a makeover and 2) arguably's whose makeover was copied by ThinkGeek. CafePress, jinx..com and ThinkGeek all appear to have had a contemporaneous makeover. This is hopefully* what Sobel / Offutt / Kauffman are implementing. 

 

* For the shareholders, in particular, and SourceForge (NASDAQ:LNUX) shareholder value maximization, in general. 

 

Disclosure: I have no knowledge of a ThinkGeek (NASDAQ:G33K) IPO. This is pure speculation on my part but should be implemented as a given in my opinion. I am also a long-term shareholder (investor v. daytrader) of LNUX. I was formerly a Series 23 General Securities Principal License (and 7 holder), was a 13D shareholder who took the [high-tech] Company public on NASDAQ, and hold an MBA with honors with a post-graduate concentration in Accounting and Mergers and Acquisitions.

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