Monday 23 April 2012

This just about sums up how many shareholders feel

With the share price, as I write, back below the IPO price This from a very stale bull on ADVFN:

"jarvis4 - 10 Apr'12 - 10:53 - 44356 of 44852

Patience is one thing but what frustrates the hell out of me is that the damage inflicted on shareholders in Nov and now have both been self inflicted wounds and both by BLNX management.

I'm afraid SC's reputation is now in tatters and however he talks up the company he simply will not be believed by the market. For the first time he has failed to deliver at the FY end and, what is worse, failed to deliver on a target which he went on record as being comfortable with. He will now find it difficult to rebutt the charge that he is a techie and visionary but is struggling to fill the CEO's position. BLNX now, in my view, needs someone of market standing at the helm to drive this business with the sort of flair and panache befitting its market segment."

It's good to see previously perma-bulls starting to agree with me. Blinkx needs a grown-up in charge, and NOW...

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