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Insiders like the BOD haven't bought any shares for years anyway. They've just been given them for achieving nothing.
Yeah, yeah, it was probably my reference to the Citigroup note that collapsed the sp this afternoon.
My single comment today directed Biffa to a link that confirmed the date of the Citigroup note. That's some serious de-ramping I guess? You're truly crackers mate.
Don't have access to the note itself Biffa, but can confirm that it was issued on 18th October, as reported on iii website: http://www.iii.co.uk/stockmarketwire/452910/broker-forecast-citigroup-issues-broker-note-rhythmone-plc
PS: please ignore that last line BMac, (or indeed the entire comment if you wish:))
The last RNS stated the following: "This INCLUDES NET CASH USED of c.$20M relating to the RadiumOne acquisition CASH CONSIDERATION" (my dual emphases) You quoted this from an earlier RNS relating to the original purchase: "The consideration includes an upfront payment of $5.5M in cash, with UP TO a further $16.5M being deferred and payable in shares at a future date." (my emphasis) Surely the latest RNS is saying that we've already paid $20M in cash. There's no mention of an outstanding share consideration still being due, so perhaps the $20M was paid because of the collapse in share price (from the originally mentioned 53p in old money) and in leui of shares. Or perhaps there may still be a share issue for the remaining $2M shortfall from the original price. The UP TO bit suggest not. Either way, it looks to me as if $20M has been paid in cash. That's why I joked last week about being concerned about our cash being nicked. Surely that is saying that
Shorters at work.
The Edelman short(s) pushed the sp down to c.80p when it closed. The BOD have managed to push it down to less than 20p since then. No one else to blame for that. The poor performance now has nothing to do with Edelman and everything to do with inept management. I'd be happy with 80p now, as would most others nowadays The reality is that Edelman was right about blinkx being on the fiddle back in 2013. The market clearly believed him and nothing that's happened since then has convinced the market that blinkx is anything other than a cash shell - hence the sp close to cash pile level. The only way this share will ever recover is with real profit. Not mealy mouthed assurances from BM about adjusted this or that. Nobody believes a word he says and why would you? The guy's a joke. A new CEO would be far better news than meaningless name changes. Do they really think that any serious players in the advertising industry won't know that RythmOne are really dodgy old blinkx? Until they get a better CEO this company is going nowhere.
Yep, the legalisation debate has completely stalled here Kingskin (as I predicted it would), so that chunky kit kat's as good as mine to my mind. Only 4 years and one month to go before the bet's finished. Meanwhile, a little bit of positive news about legalisation for you is that Ladbroke's are now offering odds on cannabis legalisation in the UK for the very first time: 3 to 1 on cannabis being legalised by 2026. Not by 2020 as you called, but positive for the longer term nevertheless: http://volteface.me/legalisation-odds-announced/ As for FPB's comment, if we hold back on legalisation here for 10-20 years I'll be likely long dead, so I beg to differ.
http://www.telegraph.co.uk/news/2016/05/03/germany-to-legalise-cannabis-for-medicinal-purposes/
Facebook's mobile ad revenue surged 50% in the last quarter according to reports. Meanwhile Blinkx dies a slow death...
If it's any consolation I'm 83% down as well. At least we won't drown alone. Every call I've ever made on this share has been wrong, so no advice I'm afraid.
http://www.militarytimes.com/story/veterans/2016/04/21/dea-approves-ptsd-marijuana-study/83356604/
.. an interesting development concerning the production of cannabinoids over in Canada: http://www.cbc.ca/news/technology/medical-marijuana-yeast-1.3527950
Medicinal extracts approved by the FDA I reckon.
They'll reschedule medicinal cannabis extracts only IMO.
Pensioner will no doubt be telling us that BM's doing a wonderful job, just like he has been for the last 2 years, during which time we've seen the share value collapse to its current level. Still, I'm sure BM's doing well out of it all. Me. I wouldn't hire him to tend my toilet.
PS: I've been censored but I think people know what I mean.
If Tosca had any sense they'd dump their shareholding and take the hit. It looks to me that Tosca's been sold the same pup by BM and are in deep**** along with the rest of us. One useful thing they could do though is force BM out.
I think his name should really be Fullo****.