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Money-Bleeding Blinkx IPOs On Market Known For Losers
from the across-the-sea dept
Video search engine Blinkx has gone public with an IPO that raised $50 million for the company. Blinkx hits on all the right buzzwords these days, like search, video and advertising, but because the company is nowhere near profitability, it's got some people worried that its IPO is a sign of a bubble. The bubble question is one that a lot of people are wrestling with at the moment. So far, while the IPO market has been quite hot, public market investors don't appear to have lost their heads. The thing about the Blinkx IPO is that the company went public in London on the Alternative Investment Market (AIM). During the early years of Sarbanes-Oxley, going public on this market made sense as a way to raise money while avoiding onerous regulations. But the fact of the matter is that this market is where the dregs go that can't make it on more established exchanges. Over the years, performance has been downright horrible on this exchange, a reflection of the companies that go public there. So perhaps we shouldn't read a whole lot into the fact that a company with shakey financials managed to go public on an exchange that's known as a haven for poor performers.
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Learn something new every day!
w00t! Another rathole to throw my money into! ;-)
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SOX compliance for foreign-registered companies
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Not a bubble
But there's still time. If I had to place a bet, I think we're still headed for one.
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new careeer: duping morons
the way to avoid SOX would be to operate as a forgien company, witha wholly owned subsidiary in the USA,, so that the subsidiary does not need to be SOX compliant because it has no US-based investors, and the offshore parent does not need to be SOX compliant because it ahs no operatios in the USA.
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Re: new careeer: duping morons
http://www.hardocp.com/article.html?art=NTEy
Don't worry when the phantom console comes out all that investment is going to pay off.
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XG Technology on the AIM
For a company who seem big on hype, but light on customers or ecosystem, this strikes me as incredible. Anyone know anything about these folks?
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XG Technology on the AIM
For a company who seem big on hype, but light on customers or ecosystem, this strikes me as incredible. Anyone know anything about these folks?
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This article sucks, and this site has always sucked.
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Re: Learn something new every day!
This site and all it´s readers should be condemned.
It really stinks. I´ve never met such stupid morons before. By the way, the AIM made me 12 percent yesterday.
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This site really sucks.
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