LOOK closed UP overnight @ $4.86cps. The approx. value for LOK (here on the ASX) calculated @ $1.39217 AUD ='s $6.77cps....... (opened @ a rediculous $6.40cps)
Looksmart, IMHO are now very close to a major announcement that centres around what looks like a comfirmed involvement with Topix.net.
Check out who the "content" supplier to Looksmart is, here:
(Content provided in partnership with [Results by] Topix.net)
"We're very pleased to announce that Topix.net has taken a majority equity investment from three of the largest newspaper and mediafirms in the US -- Knight Ridder, Tribune and Gannett. We see a huge opportunity with this deal, and wanted to share why we did it, what it means and what we're doing going forward".(A good read here)
http://blog.topix.net/archives/000071.html
This other, 'older' deal announcement is an insight into where this can now take us, I feel.
It means that LOOK's Verticals will (or, can potentially) recieve up to the moment relevant "news" to all 181 Vertical sites, from Topix.net
This (Topix.net) "feed" will also (most likely) go to all the newspapers (sites) within the network group. That being McClatchy, (their existing, plus the Knight-Ridder "stable" they have just bought), the Tribune & Gannett.
Potentially, hundreds of newspapers. As is demonstrated in the Tribune's LA Times. Note here, how the LA Times has Topix.net, "powering" their site. (down the RHS here)
