LOK looksmart limited

looks share price is falling on a pre split basisIt did the...

  1. 8,265 Posts.
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    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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