from safari norman on blinkx london board...
With the AGM getting closer, and AU/HP deal there will be renewed interest in Blinkx in the next couple of weeks before and after the AGM.
There are always people that arrive before an AGM and buy the shares if they think there will be information that could move the share price upwards.
There is also added speculation on the holdings of the 5 largest share holders, what is their future position ?
The minute HP made a bid for AU was the minute that Blinkx became into play, we will see what Blinkx says about it, the best answer from Blinkx may be ''business as usual'' which may make Blinkx feel better, some share holders will take a bit of convincing, Blinkx itself is not a company that will sit and let the grass grow under its feet, if it is left to expand Blinkx may well make share holders a lot richer instead of being taken over.
As SC and ML are close and ML is expanding AU/HP then if a opertunity that was more interesting to Blinkx was seen by HP or AU and passed onto Blinkx then AU/ML/HP would still benefit financialy as they have a good % of Blinkx shares.
The share price of Blinkx is recovering fast,and i think it has further to go.
As we approach the AGM the newspapers and others will also be interested in writing about the AU/HP and Blinkx, we cannot expect reporters who write about companies results each day to know about some fashion business, the next day some energy business, then the tech business, so it is natural these reporters have to quickly find information about the company they have to write about, they naturally go to discussion board sites, taking in product and financial views, the same way they go over the company news part, that is all they will be interested in, and if the newspapers and the funds think Blinkx is worth mentioning and investing in, it will encourage others to invest.
With banks,shops, business, unemployment being so high, it is good to see a company like Blinkx expanding, and having a bright future, i personally hope there is no takeover for a couple of years, but i have to say Blinkx could be bought over at anytime.
