looks share price is falling on a pre split basis
It did the reverse split to remain listed on the Nasdaq......and ITS still under $1
the reason is simple...
it is recording larger losses
buring more cash then ever
higher TAC costs
LESS CPC
and LESS distribution partners with fewer partners now contributing a higher precentage which presents grave risks if they lose them.
PLUS......the SBLC covenant which will be enforced once LOOK hits $40m in cash
then LOOK is insolvent
the share price is falling as a reflection of that
i guess thats why the share price falls.......the outlook is ordinary at best....dangerous at worst!
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LOK
looksmart limited
looks share price is falling on a pre split basisIt did the...
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