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.
LOK
looksmart limited
LOOK had $60m at the end of Q2It will lose another $5m in...
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