Looksmart on surface looks like a 5c stock. It has yet to break even and the thought of it generating revenue from mouse clicks is scary...
But...
Read between the lines on their reports. They have consistantly added unrestricted cash to their bank. This has not come from issue of shares or new loans. As long as they continue to do so then survival shouldn't be an issue. They currently have $50m in the bank. That is probably enough to take out some small fish (competition) if they wanted to....
I agree that the industry will undergo consolidation at some stage... which means LOOK will either be the prey or the predator... with that amount of cash in the bank...i think it will be the predator...
LOK Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
