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Marlin Sams continues to invest in SourceForge
By Lisa Kerner
Charlotte, N.C., Sept.15 - SourceForge, Inc. investors led by Marlin Sams Fund LP bought 1,690,000 million shares of the company's stock from Sept. 11 through Sept. 15 at prices from $1.34 to $1.41 each, it was reported in a schedule 13D filed with the Securities and Exchange Commission.
With the purchases, the investors increased their ownership in the company to 13.7%, from 12.0% on Sept. 8.
William M. Sams beneficially owns 9.35 million shares of the Mountain View, Calif.-based company's outstanding stock.
In a prior SEC filing, the investors said they may engage in communications with fellow stockholders, SourceForge management or board members about the company's operations.
SourceForge owns and operates a network of media web sites serving IT professionals.
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