Tuesday 20 January 2009

Another day, another RNS, another big 'So what?' from shareholders...

So today we get an RNS that Blinkx have signed up Premiere Fitness. Who dey?

Another non-entity signing that is probably going to add tuppence-ha'penny to the Blinkx bottom line.

Blinkx management just don't seem to get it: shareholders don't give a damn about adding another obscure partner - we have hundreds of those already. What shareholders give a damn about is Blinkx management resolving the Miva situation so that we know what the hell is going on.

The Miva situation has dragged on for months now, wrecking Blinkx's share price and showing the Blinkx management team up as totally clueless. Don't they know anything about human nature? What did they think would happen - having offered 120c and been rejected - when they 'revived' the Miva offer at 55c? Did they think Miva management would welcome Blinkx with open arms, after being shown up as cretins for turning down the 120c in the first place?

Utterly clueless - and I'll continue to believe that until and unless Chandratillake and the rest of the Blink 'management' team prove to me otherwise. Precious little sign of that, so far...

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