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Rusty Russell: LinuxOne Wastes Investors’ Time, Money

LinuxOne has a copy of RedHat, a thin web site, and an S-1
filing for their IPO. That’s it.

“No experience in Linux, just a RedHat CD with the name changed.
No experience in successful IPOs, just a great hope that this time
the bandwagon will carry them to riches. After all, the founder of
LinuxOne has tried to IPO before on various fly-by-night
schemes….”

“This two people trying to drain $24 million dollars from
ignorant investors before the ceiling falls in on their valueless
company, and they spend half the money in lawsuits brought on by
the mom’n’pop investors (who know nothing of Linux, but saw the
LINX ticker).”

Complete
Story

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