LinuxOne has a copy of RedHat, a thin web site, and an S-1 filing for their IPO. That's it.
This is not a company hoping to profit from producing yet another distribution (there are 108 recorded Linux distributions at Linux Weekly News). This is not some quiet achiever who has decided to cash in on their hard work in an area related to Linux.
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).
And no, they don't use their own distribution. It's a RedHat 6.0 web server.
Their `new product' Linux on a disk? It's been done before, but Linux installations are becoming easy, and preinstalled systems widely available: anyone who's had to plug a second disk into their PC knows that it's not simply a matter of connecting up the wires.
They can keep producing pseudo-products for as long as they want (and use them to flesh out their web page), because no one is buying. They can invent the products on demand if someone were to order them; it's not like their reputation can get any worse.
Then expect a lawsuit for software licence violations; I'd expect them to vanish without a trace in less than a month. If you want to see what part of history is going to be repeated, see the last time someone tried to screw the community .
Rusty is the Linux kernel IP firewall maintainer, and makes a good living producing software that everyone around the world can use. He wouldn't like to see the good reputation of the Linux operating system and related programs sullied by greed and ignorance. He does not own any LinuxOne stock.