Earnings Interview: Suranga Chandratillake, CEO, Blinkx: Losses Slimmed, Eyeing Canvas

AIM-listed video search index Blinkx saw 113 percent better revenue of $13.93 million in the 2008/09 year - but higher outgoings still meant it made an $8.87 million loss. Marketing spend nearly doubled to $13.9 million, R&D grew to $4.2 million, admin costs to $1.8 million. But the loss was halved from last year thanks to revenue growth...

from paidContent:UK

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Comment: That article is from back in May.

This bit made me laugh - Chandratillake on the possibility of Blinkx being taken over: "But, having said that, you can see ways in which Blinkx would fit quite neatly in a search platform or a media company - you have to be open to that on behalf of the shareholders. ".

SINCE WHEN HAS CHANDRATILLAKE SHOWN THE SLIGHTEST INDICATION THAT HE GIVES THE FIRST FUCK ABOUT SHAREHOLDERS?

• We never found out what the hell was going on with the Miva bid.
• We were told jackshit about the Zango acquisition.
• Our stake in the company was diluted by the recent placing without the first word about what the money was wanted for (acquisitions? growth? day-to-day? the wording of the placing was vague enough that it could have been any of these).

And of course what does Chandratillake know about shareholders? He has never, to date and to the best of my knowledge, put his hand in his pocket to buy a SINGLE share! Not even at today's share price, a third of the IPO price. So he was happy to sell to the public at 45p, but won't buy on his own account at 16p?

What the hell does that tell you?

What a total fucking shower of SHIT this company is!

Angry? I'm fucking apoplectic!