"Maintaining our listing on the Nasdaq National Market is an...

"Maintaining our listing on the Nasdaq National Market is an element of our strategy to return this company to sustainable growth and increase stockholder value. We are taking appropriate measures to maintain our listing through the request for review and the stockholder meeting on a proposed reverse split.

We look forward to providing an update on our operational progress on our next earnings call on October 27th," said David Hills, LookSmart's President and CEO.

He's either brave or confident of delivering their Q3 objectives. Let's hope his optimism rewards the longs.