Thursday, 17 September 2009

Does the Blinkx CEO have any shares in his own company?

Over on iii, on the Blinkx discussion thread, 'sobeit' posted the following yesterday, about last year's AGM:

"Having finished his speil I got up and then through the chair asked him [Chandratillake, I assume], since he thought the company was so good, how many shares he held. He had to admit he had none. So I asked him why? That took quite a lot of wind out of his sails."

If this is true - and one must always be wary of believing what anonymous posters put on public discussion forums - the obvious question is: why? Why is Chandratillake happy to spout off to anyone who will listen - journalists, Martin Sorrell - about what a bright, nay stellar, future Blinkx has before it, when he hasn't bought - apparently - a single share in the company? (And I believe I'm correct in saying that he sold some of his options at the company's IPO - I'm happy to correct that if it turns out I'm wrong.) Not exactly a vote of confidence in the company's future, is it?


No comments:

Post a Comment