Member Info for rustybucket

If Tosca were looking to buy they would need to pay a helluva lot more than the current price. This is being priced as less that a start up with no cash and looking to raise millions in the future. It isn't in that positio0n. Just need to PROVE it can make, and keep on making money. There has been a lot said about Edelmen. Time to show that we have a totally different business now. One that can be trusted and makes a profit. Despite what people say I think Brian would fight tooth and nail to get a price above his conversion price of 50p. If Tosca were interested who is to say someone else might enter the fray as well. Time will tell. Reality is, even at this price there is no major interest. As adam and the ants used to say. Its now time to "Stand and Deliver".

Was just about to say wow.

Blinks down. No surprises there then.

For but I mean BUY ( back ) At people who paint, perpetually a rosy picture of this company, then say its wrong to buy at less than 18p. Bloody hell, how low do you expect it to go ???

At people who paint, perpetually a rosy picture of this company, then say its wrong to but at less than 18p. Bloody hell, how low do you expect it to go ???

selling opportunity for disgruntled shareholders. What planet are you on pensioner. We have well and truly missed that. Here to the bitter end whatever that may be. And if the price drops from these already shocking levels then we are totally donald ducked.

If there was a share buyback and there were plenty willing sellers I agree price would be stagnant. If ( as I believe ) the big swings in share price and spread are caused by very low volumes then the mere fact we have a buyer on one side would allow shares to be bought at a initially cheap price. I believe that this in turn would send a message to the market that they do actually believe in the company. If and when profitability eventually does come then that will in turn lead to a change in the share price fortunes. The shares dont need to be bought and cancelled they could be held in treasury and eventually sold back into the market at a much higher price ( hopefully ). I am not in favour of a share buyback that stops the company from potentially growing. In fact quite the opposite. I would like the company to flourish and start making "real profit". I dont want dividends as this will take the money out of the company which may be used to help expansion. It is now really time to deliver, or at least prove they are capable of delivering.

Everybody friends And all singing on the same hymn sheet. Just need to give Brian a copy and for him to act on it.

Not the full script but it would suggest they could do it even in a closed period as long as done through a broker independent of company. You are right 2 months.

With more and more listed companies operating extensive share buy-back programmes, many are starting to take advantage of a relatively little known provision of the Listing Rules which enables them to continue to buy back shares during close periods. This update looks at how these buy-backs are done and highlights the key issues for the listed company. Background Paragraph 9.2.7R of the Listing Rules (LRs) provides that a listed company may not deal in its own shares at a time when, under the provisions of the Model Code, a director would be prohibited from dealing. For most listed companies, this means each of the two months preceding the announcement of their preliminary and interim accounts. This prohibition is repeated in LR 12.2.1R. Effectively, this means that companies cannot do share buybacks during those four months, except by the methods mentioned below. LR 12.2.1R, however, permits companies to make purchases of their own shares during a close period where a buy-back programme is managed independently of the company. The relevant exemption is in LR 12.2.1(2), which applies if "the company has in place a buy-back programme managed by an independent third party which makes its trading decisions in relation to the company's securities independently of, and uninfluenced by, the company". Many listed companies have either been unaware of or unwilling to use this exemption, although this is starting to change (see below). Trends So far, broadly two methods of effecting independent programmes have been used. The first, which has been relatively little used (examples are Vodafone and Next), has seen the use of complex derivatives programmes written by the company's financial adviser as a hedge against the repurchases undertaken. The aim of this has been to lower the average repurchase cost as well as permitting buy-backs during close periods. Because of the nature of these arrangements, specific shareholder authority is needed. Although a number of these schemes have been marketed, they have so far been little used; it remains to be seen if they will take off. The second (more common and far simpler) method is merely to give the company's broker an authority, prior to the start of a close period, to continue buying shares during the close period. The purchases will be effected pursuant to the annual buy-back authority passed at most companies' AGMs in the usual way and therefore no new authority will generally be needed. The downside of these independent programmes, however, is that - by their very nature - companies do not have control over them. Finance directors need to be happy, therefore, with the authority they invest in their broker before entering into one of these programmes. Issues The documentation involved in the second method is relatively simple, the main one being an agreement between the company and its broker, confirming the broker's authority. The key issues

There has been a lot of talk recently about share buy back. At every AGM they get the vote to do this. They have it now so should DO IT NOW. If we cant buy back shares at this price we might as well wither and die. The only exception to this is when they are ion a "closed period". Don't know if they are in this now. Generally a month or so before full results are known.

Perhaps we are at the start of an even longer long game. Lets assume that Brian is in fact putting together an eco-system that works and makes profit. d Cash in bank starts to increase and people "start to believe" the sheep come back and the share price rises substantially. That's the dream. Reality may be a bit further off. I still harp back to My travel later to become T.C.G. A company at the time with a large amount of debt but with something people want. That went up about 20 fold. This is a company without debt. Surely to God it must have a future. ?? I live in hope ( which is being severely tested ) But come on Brain. Get a bloody rabbit out of that hat.

Just seen a pig flying. Big profits for blinky. ****, It just a bad dream. A bloody nightmare.

I can not see how you can make that statement. Buying back own shares makes a statement of intent. That the company feels they are undervalued. It reduces supply as they are buying which in turn would see price rise. If there are less shares in existence it gives more of the pie to shareholders and in the event of a real return to profit and positive real cash flow and dividends could be paid ( which is a long way off, if ever ) then dividend would be distributed to less shareholders. At every A.G.M they seek authority for buy backs. Get some done now. It might not even need to be a large amount even a "token gesture" would raise credibility. I talked about share buy backs at a higher price. I was wrong. But, if they are not worth it at this price we are doomed. The cash pile is worth nothing if these muppets manage to erode it to nil. If they believe in the business and their ramblings such as "inflection point" in the past are to be believed they need to make some positive moves and statement. With this lot, I do feel we might be waiting a very very long time. As always if they prove me wrong I will be the first to congratulate them. Pensioner you mention all the supposed positives. It has been said on the board that Brian does not speak well. If I had something to bow my trumpet about, and I wasn't good at getting my point over. I would bloody hire someone to do that job. Rant over.

Bliknx is looking crap. Just look at the share price. I remember at around 40p or so some people were saying we were just above cash value. At point of posting 17.5. Wonder if Brian can manage to spend enough money to keep share price above cash value.

I agree that it is the wrong direction. One direction are big in the states. Time for Blinky to follow suit.

Did nothing to the share price. ?? It dropped from 21p to 18p. I don't call that nothing. This was an update. In the full picture they must give much, much more information as to what has been included in writeoffs including the kitchen sink and that is the end of them. It needs to show the cash burn for the year and what it consists of and where we are now. Are we cash positive ( and profitable ) which we should be and are we starting to build up our share of the advertising pot. That would do for starters with a positive update on new business won after the trading update and positive forward looking statements. I honestly dont think I am asking for too much. In my opinion it is where we should be. They have had enough time. TIME TO DELIVER. I would like to say the talking has to stop now and results needed, but, they don't even talk.

Try buying large amounts see if the spread stays the same or whether you are actually allowed to buy ??? That is the indicator, not the perceived spread. Nobody trusts these anymore. That's fact. They need to change sentiment otherwise we have no chance of recovering.

Whether Brian has done a good job will not be known for years. Integrations do take time. They can not just be bolted on. We have to believe that these integrations once integrated will work. Otherwise sell out now. As for return to shareholders. If that had been done we would probably have been bankrupt now. At least its given the company the opportunity to turnaround. The question is will the hopefully leaner meaner integrated company be an attractive proposition for advertisers. Virtually every site I go to has advertising. We need to get a bigger percentage of that.

As below. Why on the blog has it not been updated for more than a year. Doesnt exactly inspire confidence. What is happening. Please reply. Doesnt exactly inspire confidence but what does now. 1 step bloody forward 2 steps back. Will advise if any reply.