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The Upcoming LinuxOne IPO

Posted by ryuzaki0 on from the you-gotta-be-kidding-me dept.

AlphaBrav sent news that LinuxOne is planning to up their IPO price range. For those who don't know who LinuxOne is, don't feel bad: read this amazing article that point by point shows that there are more problems with this company then I can list in this space, although my favorites include their CEOs questionable past, GPL violations, and a corporate web server that not only doesn't run their own distribution but offers to sell you a (binary only) CD if only you send your credit card unencrypted to them. Best of all, their ticker symbol is set to be LINX.

3 of 213 comments (clear)

  1. Perens on LinuxOne by pq · · Score: 5
    Bruce Perens' piece, "Let's run LinuxOne out of town on a rail" is here.

    --
    "I will take the Ring," he said, "though I do not know the way."
  2. Hmmm.. by drwiii · · Score: 5
    Trying 216.101.248.91...
    Connected to rinoa.LinuxOne.NET.
    Escape character is '^]'.

    Welcome to LinuxOne! This is rinoa.
    Red Hat Linux release 6.0 (Hedwig)
    Kernel 2.2.5-15 on an i686
    login:

    Riiiight.

  3. What it sounds like to me... by elthia · · Score: 5

    I know this probably sounds crazy, but put a few pointers in here...

    1. This guy started NetUSA, and the company went public.

    2. NetUSA is failing in public, it's lost huge amounts of money and the stock price is falling drastically.

    3. HE probably owned a majority share of NetUSA, right? So he gained quite a bit of money from those stocks... now, legally he could neither sell them nor use that money for six months. However...

    4. Now he starts a NEW company, and tries to send it public within six months, a ridiculously short time for such things. Which, at ANY price, will bring in a nice chunk of pocket change...

    5. Gee, sounds a little fishy - you think he might be using one to fund the other? Illegal, yes, impossible? No.

    He's already shown disregard for people (laws?) by hosting spammail junk. Considering the (lack of) history for this company, I wouldn't be surprised if this is exactly what's happening. I hope he gets caught and jailed.

    -Elthia
    opinionated as ever