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I'd like to bet those were late-reported buys that took place earlier when the price was 3% down.
Ah, it was him who you were referring toas Fullofit. I thought it was. What makes me smile is how he keeps telling people that he's put them on filter, only to respond every time anyone says anything he doesn't agree with. Me, I wouldn't filter anyone, because most peole talk ****e anyway. Me included of course.:) Hope you're doing good gdog.
Ironically, there's post on there called LambriniGirl who's appeared adn predicted catastophic falls in the SP on several occasions, even predicting a falldown to 12-14p a few months ago, this when we were nearly back up to 40p. An obvious de-ramper if you ever saw one. Always claims that the 'charts' areshowing it's going this way or that (usually downwards though). She/he's was predicting big falls just before the Edelman short ended, to much derision on there, followed by incredulity when the predictions came about. I read all of the comments on there and here (don't bother with ADVN, they just hurl abuse at each other), but am now canny enough not to listen to anyone who claims to be able to read the runes or claims inside techinical expertise. I just need the SP to get back up to the 90p mark so I can make an exit from this investment nightmare. I'm prepared to lose the lot, or get my money back, but I ain't got a clue were the SP is going. I suspect no one else does. My guess is a low ball buyout, but I wouldn't base investment decisons on anything anyone else, or what someone like me says. No oner knows bugger all for certain, although some appear more convincing than others It's great fun on the AIM casino, but I do wish I could get out as quickly as possible. It's all been very stressfull. My hair is much thinner than it was 2 years ago, and would like to leave with at least some of my hair intact./.
I've been reading tha good factual posts on iii since the Edelman short first began, especially the upbeat, positive posts by sobeit. and the one's from Big Bear in the last few days. Despite all these very positive, very informative and upbeat analyses I've seen the SP collapse from125p down to what it is now. I now take them all with a very big pinch of salt. Everything predicted by sobeit has gone down the toilet in in the real world of SP prices, although he claims he's constantly well in profit and awaiting the next big rise from which he'll profit again. Several posters on there reckon he's a ramper and also take his supposed 'expertise' with a pinch of salt. His posts do seem highly knowledgable, informed and very, very convincing. The diction, language, sentence structure, expertise and 'inside' knowledge of Big Bear, who's seemingly appeared in the last few days, claiming that RhythmOne and RhythmMax is the next big thing in online advertising, bears an uncanny resemblance to Sobeit himself. Some might even think they're one and the same person, but I couldn't possibly comment. Both are predicting that everything's looking so good that the next update in November will show that things are much better than the August 23rd profit warning, and that Blinkx SP is about to take off again big style. I sincerely hope for all of us that these predictions come true, but won't feel too surprised if they're don't bear fruit. This is because I've read all Sobeit's predictions before, and seen them come to nought. He claims he's in and out profiting all the way. But if he's followed his own advice, he must have lost big time. Others have. That's why I take his prophecies with a pinch of salt. Maybe this time he/they've got it right and we'll all end up very rich. After all, people can't be wrong (or right) all the time, after all I wouldn't base any investment decisions on anything Sobeit says though, because I've seen it all before, especially leading up to the catastophic falls in SP prices. I'm pretty sure our old friend on this board, Gdog, calls Sobeit 'Fullofit' or something like that. Why he might call him that, I couldn't possibly comment.
I reckon those are just late-reported trades from earlier in the day when the price was sat around 26.25 to 26.50 for quite some time yesterday morning. The sp was slightly up on the day at that point despite far more reported sells reported than buys. I reckon those were probably the buys that that were missing. I don't think these late-reported trades really effect the price for the following day. They're just the icebergs hidden under the surface which explain why the price is up (or down) at any given point, despite the seeming discepancies between buys and sells. I might have got the wrong end of the stick as well, so please don't take this as gospel.
... that last bit should have read: All IM (very pessimistic)HO of course.
I'd just like to point out that on 25th August (AGM) the actual vote for BM continuing as CEO was as follows: For - 86,002,758 (80%) Against - 21,513,948 (20.0%) Withheld - 5,108 Total Votes Cast - 107,516,706 Blinkx at that point had total voting rights of 402,774,832 according to RNS's both side of that date so, ignoring the withheld votes, that means only c.26% of the total eligible votes were cast. Those cast in favour of BM amounted to 21% of the entire voting rights, those against about 5%. At that time, RG was holding 10.03% of the total shares, amounting to 40,313,135 votes. Tosca, 13.43% which equals 54,106,562. As you can see, if either of them had voted against BM, the amount would easily exceed the actual votes cast against him. That doesn't mean that they actually voted for him though. Clearly both didn't, otherwise the amount would exceed the total number actually cast in favour. We've got no way of telling because we don't l know who cast their vote and who didn't. But clearly neither voted against, and not both of them voted for. One or the other might have voted for him, but we've no real way of telling. But that was then. What if, for example, Tosca voted in favour, say by post, but was then miffed by BM's seeming 'manoeuvring' to keep his job by only announcing the poor trading update the day before the AGM? Something like that might have pi55ed them off about his leadership style, and they now may be accumulating enough to oust him in future, if the scenario you're painting were to be true. The institutions like Barclays, Hargreaves, Halifax and TD Direct are probably just proxy holdings for shareholders like us, so I don't think they'b be part of the concert party, if indeed there is one. But I think R&M (4.92%) and Mike Lynch (4.45%) might well be. I've said before on here that IMHO this is Mike Lynch's scenario (following his Sunday Times article last year) for de-listing Blinkx and eventully re-listing them on Nasdaq when they 'suddenly' become profitable again. The company will only find it's 'true' value in the US, as Lynch suggested in his article I also think the BOD are in on it as well. I personally would like to see BM go, although I know others on here strongly disagree. I always thought the initial response of the company to Edelman was inadequate and he was responsible for that. His presentation skills are poor and he doesn't inspire confidence as far as I'm concerned. Everything since Edelman has gone from bad to worse and the late profit warning the day before the AGM was unforgivable. That and the over-generous 7 million share option awarded despite the SP being destroyed over the past 2 years. So I think he should go. But I certainly don't expect him to go. I suspect he's already got an invite to the party and won't be bothered about minor details about future share options and the sp level needed to trigger them. I reckon much sweeter pills await. All IM(very pess
PS; that and the profit warning just the day before the AGM?
I sincerely hope you're right Rusty, otherwise we (or some of us at least) are going to get shafted. Was it co-incidence that JPMorgan opened its short at around 40p, driving the price down after Griffiths' spending spree, and then Tosca bought in big time after that? JPMorgan are still sat there, despite the price dropping to as low as 15p, seemingly not bothered a jot about the potential risk of a takeover bid spiking the price well above their short level. Are they part of what Tosca are doing? Or was it just a co-incidencethat benefitted Tosca big-time?
The market doesn't look particularlyoverwhelmed by the results if early trading is anthing to go by. I was hoping that we'd get a a more positive lift given the exected return to profitability in 6-12 months. I guess the market will only do this when the profits are actually there, so I suppose its another 3 months of going up and down around the present sp leve until the next updatel. Still, hopefully it might persuade J Morgan and others who are still short that it's time to bugger off.
I reckon that when Tosca get to 30%, they'll announce a plan to take Blinkx back into private ownership, and in conjunction with RG (10%), Mike Lynch (4.5%) and the assorted shareholdings of the BOD (c.5%), will get the required 50% needed in order to do it. They'll de-list Blinkx from AIM and re-list it on Nasdaq when the company 'suddenly' becomes profitable again. I fully expect another disappointing trading update next week that will drop the price to its lowest level for years. This will help Tosca over the finishing line and will allow JPMorgan Assets to close their short with a very healthy profit. JPMorgan opened the short at c.38-9 and it was noticeable that they didn't close when the price dropped down to 15p after the last profit warning. That's because they know it's going even lower. We'll be lucky if we get 50p per share. I say 50p because that's what the price needs to be for BM to exercise his 7 million share options announced the other month. I think they're all in it together and BM and the BOD are fully in on it. This fits in precisely with Mike Lynch's article in the Sunday Times last year, when he said tech companies like Blinkx would be better off on Nasdaq. I reckon that's why he reduced his holding back then so that it appears that others have done the dirty work, but I'm sure he'll be back in there once it's off the casino called AIM. Blinkx will be re-listed as RythmOne and will then become a highly profitable company. All these major players will make a fortune, and the rest of us will be left holding the tab. All IMHO of course.
It seems clear that it was overpriced in the first instance. Probably done so that the hedge funds that it was indebted to could make a very tidy profit at the launch thank you very much. I reckon its IPO launch price should have been closer to 200p rather than the 245p it ended up at. I hope it continues to grow as a business and ultimately prove the City doubters wrong.
After a disastrous IPO launch, silly me's been sat waiting for today's results with bated breath (well, only slightly bated tbh). And despite a solid performance with improved figures and decent potential for growth, what happens? Price down nearly 2% at present. I feel like a complete mug. But I bought these in good faith and by god I'm gonna stick with them come what may. Oh well, we live and we learn!