Investor Relations Department,
Blinkx,
105 Piccadilly
London, W1J 7NJ
CC: Dr Michael Lynch, CEO, Autonomy
24th August, 2009
Dear Sir/Madam.
I will be attending the next Blinkx AGM on 22nd September.
At the AGM, I would like to put some questions (below) to the Blinkx management team, and particularly Mr Chandratillake.
I would be grateful if you would advise me of the formal process for asking such questions in the AGM environment.
Yours faithfully,
____________
xxxxx xxxxxxx
Questions for the Blinkx management team, to be put at the AGM on 22nd September 2009
1/ Why has Blinkx, to date, failed to release a branded video search app for the iPhone? Or for the Pre? Or for the Android OS? Or to release a branded video-search widget for Facebook users to embed in their pages? Why has Blinkx so pointedly and continually ignored opportunities to allow end-consumers of video to search against the index of 35m+ hours of video which Blinkx holds, thereby monetizing that index?
2/ There has been much speculation among Blinkx shareholders as to whether or not Blinkx technology drives video search functionality for Bing, Microsoft’s new search engine. I would like a definitive answer one way or the other, please.
3/ Blinkx as a company – and especially CEO Suranga Chandratillake – has made many bullish predictions for the company’s future growth and profitability. Yet none of the company’s management team, so far as I am aware, have ever bought the company’s shares in the open market. I also note that recently F&C Asset Management Plc has sold down its holding in Blinkx. If the company has such a bright future, why aren’t the management team buying shares, and why is one of the company’s largest shareholders selling?
http://blinkxshareholders.blogspot.com/
My friend, I am sorry that you have invested in, and spent so much time focused on blinx. I am not sure the outcome of these questions to the blinkx management team, but I suppose that they gave you vague, circular answers that in the end yielded nothing but more questions. With intimate knowledge of the blinkx office structure and management team I can tell you that in the end the blink management team is 100% inept. Have you looked at their backgrounds? None of them have any sales experience, and while Suranga claims to be a "online media expert" NOTHING of his background provides supports these claims. Matt Service who has tried to run Business Development/Sales has even said, "you're the expert, I've never sold anything".
ReplyDeleteSales reps were explicitly given pumped up traffic numbers to tell prospective clients, and when they questioned these numbers they were reprimanded.
do yourself a favor and sell your shares. Everyone in the industry knows that blinxk management is a JOKE, and the core of their "IP" is licensed from Autonomy- so where is the value?