Blinkx has announced that its AGM will be on Friday 21st September, at 9am in Cambridge (a time, day of the week and location which seems in my opinion designed to minimise attendance by private investors).
I won't be going - I'm no longer remotely interested in what the jokers 'running' Blinkx have to say, only what they do. However, any shareholders who are attending and who feel like wasting their breath (or see the new CEO squirm by asking some awkward questions) might like to consider asking one (or more) of these. Of course feel free to come up with some of your own…
1/ Does the CEO feel that Blinkx's current share price and market cap is a true reflection of the value of the company? If he doesn't, then why is the management team not buying shares in the open market to demonstrate their faith in the company and directly align their interests with those of shareholders? If he does think the current share price is a true reflection of the company's value, why did the company sell shares to institutional investors at 134p in November 2011?
2/ On the Blinkx web site it states that Blinkx "Powers video search for 3 of the top 5 search providers" (http://www.blinkx.com/about). Which three? And if this is true why does Blinkx not make more of it for PR purposes?
3/ Why does Blinkx not conduct any advertising whatsoever to promote its services and drive traffic to its site? Why has nobody shareholders talk to ever heard of Blinkx?
4/ Can the CEO give some colour on the company's app strategy? Why has its Android app only been downloaded 5,000-10,000 times when Android has an installed base numbered in the hundreds of millions of units? Why is there no app for iOS? What is the strategy to drive uptake of its apps on various platforms?
5/ If Blinkx is truly world-leading technology, why is that technology not being built into various operating systems and platforms (Android, iOS, Samsung, to name only a few)? Why does it need to bother making rarely-used apps at all?
6/ Why has the company given no guidance for revenues/profits for the financial year 2013?
7/ What is Blinkx's involvement with YouView? Has Blinkx technology been integrated into YouView, or has it just created yet another app nobody will use for yet another platform?
8/ What happened to Transaction Hijacking? What happened to Cheep? With the internet and technology space moving as fast as they are, does the CEO think it acceptable to have a product (Cheep) in beta for 2 years before it vanishes without trace? Does he think it acceptable to not communicate to shareholders what happened to that product?
9/ Why is Blinkx so appalling at managing newsflow and PR/IR? Is he aware that the first RNS released since he became CEO of the company stated that the CEO was still Chandratillake? Does he appreciate that to shareholders and the markets this makes Blinkx look completely amateur?
10/ What reassurance can he give to shareholders that the management of Blinkx over the next five years will deliver greater shareholder value than over the past five? Five years after float the company's share price is barely above the IPO price. Does he think this is acceptable?
I won't be going - I'm no longer remotely interested in what the jokers 'running' Blinkx have to say, only what they do. However, any shareholders who are attending and who feel like wasting their breath (or see the new CEO squirm by asking some awkward questions) might like to consider asking one (or more) of these. Of course feel free to come up with some of your own…
1/ Does the CEO feel that Blinkx's current share price and market cap is a true reflection of the value of the company? If he doesn't, then why is the management team not buying shares in the open market to demonstrate their faith in the company and directly align their interests with those of shareholders? If he does think the current share price is a true reflection of the company's value, why did the company sell shares to institutional investors at 134p in November 2011?
2/ On the Blinkx web site it states that Blinkx "Powers video search for 3 of the top 5 search providers" (http://www.blinkx.com/about). Which three? And if this is true why does Blinkx not make more of it for PR purposes?
3/ Why does Blinkx not conduct any advertising whatsoever to promote its services and drive traffic to its site? Why has nobody shareholders talk to ever heard of Blinkx?
4/ Can the CEO give some colour on the company's app strategy? Why has its Android app only been downloaded 5,000-10,000 times when Android has an installed base numbered in the hundreds of millions of units? Why is there no app for iOS? What is the strategy to drive uptake of its apps on various platforms?
5/ If Blinkx is truly world-leading technology, why is that technology not being built into various operating systems and platforms (Android, iOS, Samsung, to name only a few)? Why does it need to bother making rarely-used apps at all?
6/ Why has the company given no guidance for revenues/profits for the financial year 2013?
7/ What is Blinkx's involvement with YouView? Has Blinkx technology been integrated into YouView, or has it just created yet another app nobody will use for yet another platform?
8/ What happened to Transaction Hijacking? What happened to Cheep? With the internet and technology space moving as fast as they are, does the CEO think it acceptable to have a product (Cheep) in beta for 2 years before it vanishes without trace? Does he think it acceptable to not communicate to shareholders what happened to that product?
9/ Why is Blinkx so appalling at managing newsflow and PR/IR? Is he aware that the first RNS released since he became CEO of the company stated that the CEO was still Chandratillake? Does he appreciate that to shareholders and the markets this makes Blinkx look completely amateur?
10/ What reassurance can he give to shareholders that the management of Blinkx over the next five years will deliver greater shareholder value than over the past five? Five years after float the company's share price is barely above the IPO price. Does he think this is acceptable?
Great Post, Great Queries, and Hear Hear says I
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I must admit, I would like to hear their answers to those questions! Probably most shareholders would if they are honest.
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