Member Info for drshaggy

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.

You can feel slightly less sorry for me. I was in at 245p.

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!