Chandratillake breaks cover...

Interesting that there was a lot of media activity by Suranga Chandratillake yesterday - he was on several TV shows promoting Blinkx.

The question is, is it a sign of confidence or of desperation? Is Blinkx doing so well that he now thinks it's the right time to ramp up Blinkx's hitherto-woeful PR/media activities to promote the company and reassure shareholders? Or is the criticism - on this blog not least - getting to him and  he feels the need to justify his existence? 

Of course, if he wanted to reassure shareholders that he knew what he was doing there's a really simple way to do so:

1/ resolve the Miva situation. Either give Miva a clear - and very short - deadline to accept Blinkx's 'revived' offer of 55c a share (Miva shares closed yesterday at 16c, so 55c represents a massive premium - you ask me, Blinkx should go back with a take-it-or-leave-it 25c a share offer with a week to accept) or just announce Blinkx isn't interested any more and walk away completely.

2/ if the Miva 'deal' falls through use the money that would have been spent on a share buyback to screw the shorters who have been manipulating this stock and to drive the share price higher, back to somewhere near the IPO price of 45p.  

3/ Chandratillake, Opzoomer and other senior Blinkx staff should buy Blinkx shares in the open market to demonstrate their own confidence in the company's future.

I really, really don't understand why Blinkx is so adamantly opposed to letting shareholders know what the hell is going on with the non-bid for Miva. The BLNX share price has tanked since mid-October when the bid was 'revived' and shareholders have been told nothing. Is it any surprise many of us are angry as hell? Maybe I'm being unfair and Chandratillake is being very very clever. Or then again, maybe he's being the other thing...