LOK looksmart limited

looks cash position

  1. 8,265 Posts.
    lightbulb Created with Sketch. 1
    LOOK had $60m at the end of Q2

    It will lose another $5m in Q3

    Leaves $55m

    of which $40m is secured and CANNOT be used as its tied to a SBLC

    so LOOK is only viable for 2 to 3 more quarters.

    And in October LOOK gets delisted.

    LOOK is a basket case........and buyers beware.

    The risk is too great to enter LOOK UNTIL....LOOK can demonstrate a growth path.

    so far its only shown a shrinking business.

    the model is flawed.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.