look fails again

The Q2 results from LOOK were simply awful.

LOOK burned through another $2.8m in cash and reported another $4.4m loss

LOOK had a CPC of only 10c as opposed to 15c in Q1

LOOK had LESS users to its site

And the outlook for Q3 is below analysts expectations and LOOK has guided for a similar size loss in Q3

The LOOK model is flawed and the results of being flawed are being demonstrated in their results.

LOOK closed down last night on the highest volume in recent weeks.

LOOK will retest previous lows next week.

And LOOK owe roughly $14m on its SF lease and still has the covenant in place which could be breached in Q3 the way LOOK is burning cash.