Of course one always needs to treat posts on such sites with a pinch of salt, but I'm sure I'm not the only private investor in Blinkx who shares this poster's frustration and intense anger at the way the company is being mismanaged, the total lack of clarity about what it is up to, and the stubborn refusal of the share price of 'the world’s largest and most advanced video search engine' (which claim, incidentally, looks more laughable and delusional by the week) to even manage to reach and stay above 40% of the IPO price two-and-a-half years ago...
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madger - 19 Nov'09 - 17:11 - 14707 of 14721
Having sold out of this stock at 22p for a loss, thought i'd take a look back in for old times sake after the recent fall. I have to confess that i'm glad i'm out and will not be looking to get back in. I see there are still A few delusional souls who think that this company is going to explode into the public domain soon. Over the two years I held this stock here some of the statements commonly used by people with their heads stuck in the sand who refuse to face up to the fact that they have made a badinvestment decision.
Killer RNS – So over the past two years, how many of these have there been?
Opportunity to top up – Ever dwindling investment more like.
MM’s playing games – Used when price dropping.
Bad day across the markets – As above
Rise of 0.05p – Met with hysteria, forgetting the 1.25p drop the day before.
Suranga Chandratillake appears to treat this company like his own play toy, can anyone name any other company where investors are kept so in the dark? Shareholders pay his wages and this guy just treats them with utter contempt. So the question is why? Two and a half years after floatation in one of the fastest moving sectors there is still no one has heard of Blinkx – This is reflected in the current share price. The bottom line is the original model isn’t working, video search the ‘holy grail’ – I don’t think so, ask yourself if this is the case how come the company hasn’t been snapped up by one of the big players before now? The only time this share price has risen in the past has been on takeover rumour and in the run up to results which always disappoint. ‘In line with projections’- In the fastest growing sector is not good enough, if the model worked then this would show in increased revenue and the company would have broken even by now.
Pinball – This totally proves that they are looking for other streams of income because the piper isn’t playing.
For all the ‘research’ that goes on within this thread look at the share price look at the graph – it’s rotten. If the company has anything positive to announce surely it is Blinkx duty to inform the markets not some two bit bulletin board dweeb with nothing else in his life to occupy him/her. This board has been chocked with yes men afraid to say anything negative for fear of being banished by a fascist dictator. Remember our forefathers thought in War’s to protect freedom of speech.
I took my loss here like a man and an investor – I have an extensive portfolio that once included a small company with great potential that has changed as has Blinkx.
I guess we all just Blinkx and missed it unless of course you still have your eyes shut.
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