Wednesday, February 27, 2008

Blink Logic signs Irving Texas' largest CRM vendor.

Kudos today for Blink Logic's rookie CEO, David "Davebert" Morris, on their win with Irving Texas' largest CRM wannabe --- CRMG.

According to the press release,The reason most CRM implementations fail is because enterprises cannot halt business activities to select, implement, and adapt to software, said Mir Ali, CEO and Founder, CRMG.

Whoa. this guy is definitely the sharpest knife in the drawer. I think Mr. Ali just cracked the CRM equivalent to the Diffie-Helman problem.

Actually, I'm probably doing Mr. Ali a gross disservice. Davebert recently brought in his third or fourth Investor Relations firm and my guess is that they authored this asinine piece of nonsense.

Just in case you've lost track, Davebert started with Elite Financial Communications Group back in the summer. He quickly decided that they sucked so he brought in Jimmy Caplan from the Market Makers. Jimmy and crew survived about 23.5 days and was replaced by firm called MKR Group that does a lot of work for Roth Capital's portfolio companies. And all of this transpired within a six month period. BTW, Roth Capital's own PR group did a terrific job of securing this oh-so-flattering piece in the New York Post entitled "Roth Capital's $lease to Please."

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Monday, February 25, 2008

New CMO Delivers His Plan to the Blink Logic Board.


Well it's been almost a week now since Blink Logic CEO David Morris introduced the world to his latest chief marketing officer. Dave "I worked for Larry Ellison in the 1980s" Thoma.

Dave's bio and web site are truly impressive. Take a look if you haven't already done so. His personal site should give us all some visibility into the new marketing leaders sense of style and the direction he'll likely take for Blink Logic's new web site.

On a happier note, I started unloading my shares today. Not sure who my broker pawned them to but that's not my problem.

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Tuesday, February 19, 2008

Larry Ellison to sue for character assassination









Blinklogic CEO Dave Morris issued a press release today announcing the appointment of new chief marketing officer Mike Thoma. As the release states, Mike worked at Oracle in the mid-80s. The text repeatedly makes reference to Oracle CEO Larry Ellison. "Like Larry Ellison, David Morris is a CEO who 'gets' the value of marketing as a competitive weapon to dominate an emerging market."

Well that's half true. Larry does understand marketing and I'm sure under the tutelage of Mike Thoma and his 50+ years of successful Attack Strategies David Morris might even become half the leader Larry Ellison is.

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Sunday, February 17, 2008

David Morris Burns Through Another Marketer

Despite what the management team page says we've heard that Bill Stewart, Blink Logic's VP President of Product Marketing, left the company a couple of weeks ago. Stewart joins Craig Harper, Paul Gariboldi and Robert Lendvai as executives that found it impossible to work for Dave Morris.

Stewart was quickly replaced by Mike Thoma who's claim to fame is that he was in marketing at Oracle during Ronald Reagan's presidency. I was in diapers at that time so I can't really speak to the relevance of a marketer that worked on products for MS-DOS.

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Thursday, February 7, 2008

About the Blink Logic Private Placement

Announced 09/28/07
4.00M for Blink Logic Inc.
Private Placement
DataJungle Software Inc. (OTCBB: DJSW) announced a private placement of original issue discount senior secured convertible debentures with accredited investors for gross proceeds of $3.5 million on September 28, 2007. The debentures have a total principal amount of $4.07 million. The debenture does not bear interest and is due on September 28, 2009. The debentures are convertible into common shares of the company at $0.15 per share, subject to adjustment. The company also issued warrants to purchase up to 20.35 million shares of the company’s common stock. Each warrant entitles the holder to purchase one common share of the company at $0.28 per share for a period of up to September 28, 2012. The private placement included participation from Enable Growth Partners L.P. The company agreed to reimburse Enable Capital Management, LLC the non-accountable sum of $30,000 for its legal fees and expenses. Gregory Sichenzia, Esq. and Darrin Ocasio, Esq. of Sichenzia Ross Friedman Ference LLP served as legal advisors to the company. Feldman Weinstein & Smith LLP served as the legal advisor to Enable Capital Management, LLC. The company received net proceeds of $3.42 million. Enable Opportunity Partners LP purchased debentures in the aggregate principal amount of $599,000 for an aggregate purchase price of $515,110.20 and received 2,995,000 warrants. Enable Growth Partners LP purchased debentures in the aggregate principal amount of $3,355,000 for an aggregate purchase price of $2,885,135.49 and received 16,775,000 warrants. Pierce Diversified Strategy Master Fund LLC purchased debentures in the aggregate principal amount of $116,000 for an aggregate purchase price of $99,745.31 and received 580,000 warrants.

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