Tuesday 15 December 2009

Amen to that (slight return)...

This posted by 'grax' on the ADVFN Blinkx bulletin board today at 1.55pm:

"This is possibly the most unloved stock in the sector - nobody wants to buy it when all around tech companies are getting bought out by the big boys this never gets a mention [other than the made up ones on ramper heaven].

There must be something more than just the crass incompetence and arrogance of the management.There must be a genuine reason nobody wants blnx either as a company or as a stock in their investment portfolio."

What could that reason be I wonder?

  • The astonishing - and in my view entirely unjustified - arrogance of Blinkx management (don't tell anyone anything - and don't deliver anything neither)?
  • The fiasco of the Miva bid, which did so much to destroy both the share price and the management team's credibility (the phrase 'Micky Mouse' springs to mind)?
  • The lack of clarity around the company's strategy (they started off as a video-indexing company, now they seem to have branched out into the spyware market - although of course we don't really have much of a clue what they're up to)?
  • The lack of confidence in their own company that the lack of share buying by the management team very clearly conveys to the markets?
  • The persistent manipulation of the company's share price by shorters, speculators and other assorted scum?
  • The yawning gulf between what Chandratillake says and what he delivers (he said the company was 'very close to break-even' back in early 2008 - so where the bloody hell is it then)?
  • The total incompetence at PR and marketing which ensures that nobody in the IT industry let alone consumers at large has even heard of Blinkx?
  • The habit of spending time and money on products/services which either never see the light of day (Transaction Hijacking), are released but never promoted (SmartShopper) or are released, not promoted and then superseded by other industry developments (Blinkx Music)?
  • The total lack of big-ticket newsflow (yes, I know they have MSN UK as a partner and a few other big names, but they were a long time ago. To get to where I'd like to see them Blinkx should be signing deals with big-name partners on at least a quarterly basis - instead we get BobVila.com. Pathetic, just pathetic...)?
  • The total inability to communicate with shareholders and the markets? And why? Could it be because they have nothing to communicate?

...Or all of the above?

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