More adverse coverage for the vampire squid Chandratillake has been courting...

Goldman Sachs: the bank they love to hate

Senator Chris Dodd was preparing for one of the biggest meetings of his career last Thursday. The Democrat has been at the forefront of the battle over President Barack Obama’s polarising healthcare reforms and for weeks had been preparing for a bipartisan summit at the White House. First, however, he had something else to do: stick the knife into Goldman Sachs, the investment bank that Washington loves to hate — and now has been likened by a Harvard academic to Darth Vader, the villain from Star Wars.

On his way to the crucial meeting on health, Dodd stopped in at the Senate banking committee, which he chairs. It was to be addressed by Ben Bernanke, chairman of the Federal Reserve.

After his opening remarks, Dodd told the committee he wanted to “abuse his chairmanship” by jumping straight in with a question about Goldman’s involvement in Greece’s economic woes. The answer was to pile yet more pressure on the beleaguered bank.

Bernanke replied: “We are looking into a number of questions related to Goldman Sachs and other companies and their derivatives arrangements with Greece. Using these instruments in a way that intentionally destabilises a company or a country is counterproductive, and I’m sure the SEC [America’s top financial watchdog] will be looking into that.”...

from The Sunday Times

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Comment: and these are the people Chandratillake is trying to get close to, giving a 'fireside chat' at one of their conferences.

Smacks of desperation to me. And I wonder if it has anything to do with the fact that large institutional shareholders seem to be jumping ship from Blinkx at a rate of knots? The current Blinkx investors page shows that the parties listed own 54.29% of the shares in issue (with Mike Lynch alone controlling 21.61% through his Autonomy and personal holdings) - presumably all parties with a notifiable interest of more then 3% (plus directors) are listed.

And yet some delusionally optimistic small private investors have speculated in the past that as much as 88% of the shares were held by large institutions, leaving relatively few in free float and the share price prone to a 'bear squeeze'.

Well that theory has gone right out of the window. It seems that large holders have been offloading for some time now - which would certainly explain the depressed share price and Chandratillake desperately trying to drum up some interest from the great vampire squid Goldman Sachs.

And really, who can blame any investor who bails on Blinkx? On all the evidence we have the company has a management which has delivered nothing, will continue to deliver nothing, and is missing out on the biggest digital gold rush since the dot com bubble burst in 2000 - and this gold rush may be even bigger than that.

And if that analysis is wrong, where's the evidence I'm wrong? Where's the NEWS? where are the DEALS? Where's the RISING SHARE PRICE?

We get an RNS when Blinkx makes it into the Nielsen Top 10 - but not, I notice, when Blinxk almost immediately drops back out again. And that doesn't say anything about how well Blinkx is monetising that traffic anyway...

Pathetic, laughably pathetic. Sack the clowns running Blinkx NOW and put the company up for sale - because that's the only way shareholders are going to see a return on their investments...