Tuesday 18 May 2010

Congratulations to Blinkx management...

...who finally seem to have succeeded in destroying the last vestiges of market interest in and shareholder patience towards Blinkx.

Here we are the day before results and the price is still dropping (currently down .44p on my screen on volume of 826,220 shares) - no large buys, no excitement, no buzz, no nothing.

The results tomorrow better be fucking SPECTACULAR - I'm looking for turnover $30m+, loss no larger than $10m, with a very strong forward-looking statement and clear information about when we can expect Miniweb revenues to kick in, what the hell is going on with Transaction Hijacking, the full story on Pinball - in fact a full and frank overview of all Blinkx's products and services, with complete transparency for shareholders on each.

And if I don't get that I'll be writing to the large institutional shareholders - even Credit Agricole is down on their recent investment, let alone those stupid enough to buy at 18p or at the IPO price of 45p (if there are any of those left) - suggesting that at the next AGM they vote against the re-election of the management team (and especially Chandratillake) and support their replacement with a bunch of grown-ups who can focus obsessively on delivering shareholder value - if by no other means then by putting the company up for sale to the highest bidder,.

Enough is enough. The jokers running Blinxk have had THREE YEARS to prove themselves - and just look where we are; the share price on its ass and nobody remotely interested in this company. It's finally time for those in charge of Blinxk to put up - or get the fuck out...

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