ThinkGeek (NASDAQ:GEYK)* IPO? - How to Efficiently and Effectively Create LNUX Shareholder Value
August 02, 2009
– Comments (7) |
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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.
Reference: Q2 numbers ending June 30, 2009
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