RE: Aim 10020 Feb 2020 13:44
Doc,
"Every good manager closes an entity if they make losses or dont fit to the future of the company."
I agree. That's the point.
Before merging with Tap, now trmr, Blnx/rthm's Brian Mukerjee(BM) closed/sold Leadimpact, Pinball, Verti Tech, PVMG, Getcheep, Skyplayer etc etc.
They announced a transformational year in 2016 and were concentrating on their core operations in line with Industry trends.
Are you saying BM was a 'good' manager (CEO)?
From June 2016 rns, when blnx changed their name to rthm:
"a transformational year for blinkx, which undertook a broad restructuring to focus on its Core capabilities of mobile, video and programmatic trading - in line with key Industry trends. blinkx launched the RhythmOne brand in FY2015 as the Company's trade entity, encompassing the go-forward product strategy and commercial proposition for the Company. Transitioning to the new name aligns the Company's overarching brand with dominant commercial and Industry growth drivers.
CEO S. Brian Mukherjee said, "Our transition to the RhythmOne name comes at a pivotal and exciting time for the Company. It underscores the significant integration and transformation efforts we have undertaken and reflects our Core focus on mobile, video and programmatic trading - the fastest growing segments within online advertising. With a unique combination of technology, talent and relationships in place, RhythmOne is poised to scale both organic and inorganic growth as the Industry continues to evolve and consolidate. We are enthusiastic about the promise FY2017 holds, and the opportunity to make RhythmOne a stand-out leader in the digital advertising landscape."
https://www.investegate.co.uk/blinkx-plc--rthm-/rns/change-of-name-and-tidm/201606160700103270B/
"Many investing companies bought big stakes in tremor. These people are clever and earn a lot of money. "
Tosca was a major shareholder with near 30% when the sp was significantly higher at around 500p, compared to the current rthm equivalent of around 170p.
https://www.proactiveinvestors.co.uk/LON:RTHM/RhythmOne/rns/237096
Where's the evidence that it's any different this time??? I prefer to see evidence that things have changed -
Again IF they back up their bullish comments with solid results - so again in a year's time.