Member Info for InvestorBoris

To respond to previous posts - I wouldn't worry too much about how small shareholders will operate within a private environment. More likely we will get an offer at a small premium to the dismal current price. The major shareholders will flush out the small shareholders for a very small sum.

How is it right that this management team has been allowed to burn through so much cash with so little thought for the positions of minority shareholders? Pretty disgraceful actually and there are some that should feel some considerable shame for all of this.

Let's face it, the incompetent management team and board have run this business into the ground over the past 3 or 4 years. They've sold off the family silver and, rather than distribute anything to shareholders, have effectively used the proceeds to prop up absurd remuneration packages (given the tiny scale of the diminished business) to directors, senior management and non executives, whilst also supporting the continuing losses of Blink; the supposed core of the business now, which probably won't ever amount to a row of beans given the length of time it's been trading. No matter how good the initial idea was and is, how many tiny sub-businesses like Blink have been given the luxury of trading for almost 10 years at such a minute scale, while racking up substantial losses year after year?

After implementing such a brilliant strategy, those who have benefitted most are departing, leaving we loyal, small shareholders holding the proverbial baby. The major shareholders don't seem to mind too much - probably just too small now to be bothered about.

Chasing the always receding rainbow of a huge trade sale of Blink much further probably isn't worth it for a small shareholder, but what can one do but hope for the best that something happens before the money finally runs out when the share price languishes at the current level?

Agree completely with the last 2 posts. As a relatively small investor in the business I can see no thread of strategy, other than to pay ridiculously large salaries to the executives and other board members until what used to be a large pile of money finally runs out. I can't understand how and why the majority shareholders are tolerating such dismal performance with seemingly little chance of any return now. Yes, Blink is/has been a potentially good and innovative business, but to have spent 7 or 8 years getting to a point where it is generating only a vanishingly small revenue and still very significant losses is a woeful position. If this is the great hope for the future of the business then that really doesn't bode well. The business is simply not being run in anything like a competent fashion and those drawing the large salaries while achieving pitifully poor results are doing so at the expense of shareholder value and need to be shown the door before it's finally too late, if we haven't already reached that point. The small shareholders are, of course powerless to influence matters.