Thursday 12 February 2009

Profitable next year? Prove it...


"In an interview, blinkx CEO Suranga Chandratillake told Shankland that the company has 65 employees, is hiring and will be profitable next year."

Yeah? Profitable next year? Really? 

If indeed the company is on track for profitability, why not publish a full trading update so that shareholders and investors can judge for themselves? Why do we have to take the word of a man whose company - despite his best efforts to talk it up recently - still languishes at roughly a third of its IPO price? Whose policy on what to RNS and what not to RNS is, as Bill Gates might say, 'random' (no RNS for the movies added to blinkx.com in the past few days, for example)?

If Chandratillake wants to retain any credibility whatsoever, he needs to show us. 'Cause just telling us just isn't working...


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