LOK looksmart limited

lok is a strong as sell as you can get

  1. 8,265 Posts.
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    There is NOT a single revenue driver for LOOK.

    LOOK has guided for $7 million in revenues for Q3...(Ross admits this is poor)

    LOOK has guided for 50% LESS clicks in Q3....(Ross admits this is poor)

    LOOK has had lower revenues every quarter since Q3 in 2004.

    It is in a serious downtrend by way of revenues and has absolutely no revenue drivers on the event horizon.

    On that basis alone....LOOK is a sit on the sidelines until LOOK can identify and demonstrate revenue growth.

    But the major overhanging issue for LOOK is its immminent delisting from the Nasdaq.......and the knock effect of its listing on the ASX.

    It could even be delisted from the ASX.

    Now that is another can of worms altogether.

    With so many great risks.......its a sell and wait.

    IMHO of course.



 
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