This about sums up the frustrations of many shareholders...

from one of the ADVFN Blinkx bulletin boards:

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jarvis4 - 26 Jan'10 - 10:56 - 16335 of 16335

And while I'm at it, Transaction Highjacking was an important plank in selling the potential of this company at the time of the IPO. It is therefore unacceptable to make no formal reference to it in nearly three years. Also, the company makes the statement with each set of figures that it's performance is "ahead of analyst's expectations". That's as maybe but I'll wager that there was no expectation on the part of the original shareholders that, nearly three years in, their investment would have declined in value by approx 66%!

So far as the purchase of the Zango assets is concerned I just about understood BLNX's position last year that they had paid buttons for a few bits and pieces which, collectively, made no material difference to the company therefore there was no need to update shareholders. Now that BLNX has, according to posters on this board whose posts I respect, some 50 people working within those assets (which include, inter alia, Smartshopper which may or may not dovetail with transaction highjacking)I take the view that shareholders do need to be formally updated. This time last year, from memory, there were only about 50 people working in BLNX as a whole. So, to buy assets, and double your workforce within those assets, without any formal updating of shareholders is unacceptable. Either those 50 people are working profitably - which is material to the sp - or they are loss-making -which again is material. They may be working towards a specifc end but, again, given their numbers what they are doing and why is, in my view, material.

Finally, in just over a week it will be three months since BLNX announced their unexpected share placing and raised £5m, ostensibly for expansionary purposes. Since then not so much as a batsqueek.

I am seriously annoyed, as a shareholder, at the manner in which, in a dynamic and fast moving industry, BLNX have chosen and, indeed continue to choose, to act. I am of the firm view that the company is operating in a deliberately opaque manner, that they are deliberately witholding facts material to the company shareprice and that, given it's current lowly state, they are failing in the duty they have to shareholders to support the shareprice. They have not even issued a statement to the effect that they know of no reason why this should be trading below the last placing price. Some form of interim management statement would go a long way to boosting the flagging confidence of investors, address the depressed shareprice and perhaps also arouse just the smallest bit of interest in the Market. Come on BLNX, get your head over the parapet and at least show us you're still alive. An RNS about information already spelled out in your Interims nearly three months ago is nothing short of insulting.