Wednesday 24 March 2010

Given the circumstances...

IE two major investors selling significant portions of their stakes WITHIN A WEEK, I think Blinkx should - as a matter of urgency - issue a full trading update to reassure remaining shareholders and investors that the company is still on track.

Except of course that they won't - it's the secrecy-bordering-paranoia which has got Blinxk to where it is now, with a tanked share price and complete indifference from the markets.

And if the figures in May show that in fact the company isn't on track - if, for example, the anticipated upturn in revenues hasn't materialised due to fears of a double-dip recession, and as a result all those extra ex-Zango staff have not, in fact, paid for themselves - then I for one will expect to see Chandratillake's letter of resignation along with the results. Because if, in such circumstances, he doesn't resign, anything he says in the future would be drowned out by the baying mob calling for his head on a stick...

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