LookSmart, Ltd.(NASDAQ:LOOK) Investor Alert
Complaint
LookSmart, Ltd.(NASDAQ:LOOK)
Country: United States
Take a good look at LOOK !
LookSmart, Ltd.(NASDAQ:LOOK) Short Selling Analysis and Estimates .
LookSmart, Ltd.(NASDAQ:LOOK) Short Sellers Estimate : $ 0.80
Stated Value of Pyxis Shares May Prove to Be Specious.
Pyxis Has No Operating History & Assets Being Acquired from CEO.
LOOK Holder's Pyxis and new LOOK Stock Holdings Likely To Be Diluted.
New LOOK Shares on Pink Sheets/OTCBB Unlikely to Achieve Pre-Merger Valuation.
Looksmart shareholders will realize less than $1 of value for each of their Looksmart shares and could end up with much less
The $600,000 is cash is worth $600,000 to be sure, but LOOK holders should not make the mistake of thinking they will be receiving that - it will be part of the new Looksmart Group and the burn rate (though it should be lower with LOOK on the pink sheets/otcbb vs. Nasdaq listed pubco costs) will swallow that up fairly quickly.
The $4 million headline figure was assigned by Pyxis and its investment bankers - there are no revenue/earnings/assets or much of anything disclosed that would allow an investor to ascertain how they arrived at that figure.
Pyxis Insiders selling - With Pyxis being a new company with no assets or operating history up until now, where will the core assets (these six tankers) of this company come from?
Dilution risk - the 5.66% stake in Pyxis could and likely will be diluted. The whole point of this reverse merger to Pyxis management is to gain the ability to acquire assets (tankers or cash to buy tankers/tanker companies) using stock.
Lack of Liquidity in the Trading of Pyxis - LOOK holders hoping to get their 66 cents per share of Pyxis stock may find it difficult to sell for that price when the stock begins trading.
LOOK holders will not be able to realize even $1 of value per current LOOK share after the deal is finalized.
LookSmart, Ltd.(NASDAQ:LOOK) Short Selling Analysis and Estimates .
LookSmart, Ltd.(NASDAQ:LOOK) Short Sellers Estimate : $ 0.80
Stated Value of Pyxis Shares May Prove to Be Specious.
Pyxis Has No Operating History & Assets Being Acquired from CEO.
LOOK Holder's Pyxis and new LOOK Stock Holdings Likely To Be Diluted.
New LOOK Shares on Pink Sheets/OTCBB Unlikely to Achieve Pre-Merger Valuation.
Looksmart shareholders will realize less than $1 of value for each of their Looksmart shares and could end up with much less
The $600,000 is cash is worth $600,000 to be sure, but LOOK holders should not make the mistake of thinking they will be receiving that - it will be part of the new Looksmart Group and the burn rate (though it should be lower with LOOK on the pink sheets/otcbb vs. Nasdaq listed pubco costs) will swallow that up fairly quickly.
The $4 million headline figure was assigned by Pyxis and its investment bankers - there are no revenue/earnings/assets or much of anything disclosed that would allow an investor to ascertain how they arrived at that figure.
Pyxis Insiders selling - With Pyxis being a new company with no assets or operating history up until now, where will the core assets (these six tankers) of this company come from?
Dilution risk - the 5.66% stake in Pyxis could and likely will be diluted. The whole point of this reverse merger to Pyxis management is to gain the ability to acquire assets (tankers or cash to buy tankers/tanker companies) using stock.
Lack of Liquidity in the Trading of Pyxis - LOOK holders hoping to get their 66 cents per share of Pyxis stock may find it difficult to sell for that price when the stock begins trading.
LOOK holders will not be able to realize even $1 of value per current LOOK share after the deal is finalized.
Comments
Public
Traded as NASDAQ: LOOK
Founded Late 1995 as Homebase
1998 as LookSmart
Founder Reader's Digest
Headquarters San Francisco, California, United States
Website Official web site
LookSmart is an American, publicly traded, online advertising company founded in 1995. Based in San Francisco it is one of the five founding members of the IAB Click Measurement Panel.
HistoryEdit
LookSmart was founded in Melbourne Australia in late 1995, under the name Homebase, and was majority-owned by Reader's Digest. After leadership and strategy changes at Reader's Digest, the company was bought back [clarification needed] by its founders Evan Thornley and Tracy Ellery, along with Martin Hosking. Venture capital funding from Australian and US sources was obtained in 1997 and 1998, and the company relocated its headquarters to San Francisco. Looksmart signed a deal with Microsoft in 1998, to provide directory and listing services. This provided a significant revenue stream that ended when Microsoft failed to renew its contract.[1][2][3]
LookSmart went public in August 1999, as part of the widespread technology boom in Silicon Valley. Their stock debuted at US$12 per share, and reached a high in excess of US$70 in early 2000. During the dot-com bubble of 2000, LookSmart lost a significant number of customers, leading to reduced expenditures and lay off a large number of staff in early 2001. Founders Evan Thornley and Tracey Ellery began selling their stock after the IPO, but suspended their stock sale program in 2000 when the stock price went below the IPO price of US$12 and resumed in 2004. LookSmart acquired the volunteer-built directory Zeal in October 2000 but then closed it in 2006.
EDGAR Online Thu Apr 23 2015
LookSmart Announces Spin-Off and Definitive Merger Agreement with Pyxis
PR Newswire Thu Apr 23 2015
LOOKSMART LTD Files SEC form 8-K, Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Tra
EDGAR Online Tue Mar 31 2015
LOOKSMART LTD Financials
EDGAR Online Financials Tue Mar 24 2015
LOOKSMART LTD Files SEC form 10-K, Annual Report
EDGAR Online Tue Mar 17 2015
LOOKSMART LTD Files SEC form 8-K, Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Tra
EDGAR Online Mon Feb 02 2015
AOL Surges, General Electric Drops: Tech Winners & Losers
at TheStreet Tue Jan 06 2015
Description
LookSmart, Ltd. is a digital advertising solutions company. The Company provides relevant solutions for search and display advertising customers. The Company intends to become a holding company that owns and manages various businesses under the Looksmart umbrella, including digital media assets, data hosting and web-based services, real-estate, and various other enterprises that Management and the Board believe will enhance shareholder value over time. The Company operates in a large online advertising ecosystem serving ads that target user queries on partner sites. LookSmart offers search advertising customers targeted search via a monitored search advertising distribution network using the Company’s AdCenter platform technology. The Company’s search advertising network includes publishers and search advertising customers, including intermediaries and direct advertising customers and their agencies as well as self-service customers in the United States and other countries.
Technology Sector Update for 04/24/2015: UIS, LOOK, AMSC
4/24/2015 3:46:13 PM - MT Newswires
LookSmart (LOOK) Stock Skyrocketing Today on Spin Off and Merger Announcement
4/24/2015 2:44:00 PM - TheStreet
LookSmart Announces Spin-Off and Definitive Merger Agreement with Pyxis
4/23/2015 4:39:00 PM - PR Newswire
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investor.shareholder.com/looksmart/
SAN FRANCISCO and ATHENS, Greece, April 23, 2015 /PRNewswire/ -- LookSmart, Ltd. (NASDAQ: LOOK) and ...
LookSmart - Wikipedia, the free encyclopedia
en.m.wikipedia.org/wiki/LookSmart
LookSmart is an American, publicly traded, online advertising company founded in 1995. Based in San Francisco it is ...
History - Products and services - See also - References
LOOK: Summary for LookSmart, Ltd.- Yahoo! Finance
finance.yahoo.com/q?s=LOOK
View the basic LOOK stock chart on Yahoo! Finance. Change the date range, chart type and compare LookSmart, Ltd.
LookSmart, Ltd.: NASDAQ:LOOK quotes & news - Google ...
www.google.com/finance?cid=663477
LookSmart, Ltd. is a digital advertising solutions company. The Company provides relevant solutions for search and ...
LookSmart - Web Search
www.looksmart.com/
Former search engine; now a search advertising network and management company. Corporate information and details ...
Advertise - LookSmart® AdCenter - Publishers - Blog
LOOK Stock Quote - LookSmart Ltd. Stock Price Today (LOOK ...
www.marketwatch.com/m/quote/look
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LOOK stock quote - LookSmart, Ltd. stock price - NASDAQ.com
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Stock quote for LookSmart, Ltd. (LOOK) - Get real-time last sale and extended hours stock prices, company news, charts ...
LOOK:NASDAQ CM Stock Quote - Looksmart Ltd - Bloomberg
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Stock analysis for Looksmart Ltd (LOOK:NASDAQ CM) including stock price, stock chart, company news, key statistics, ...
LOOKSMART LTD (LOOK:Consolidated Issue listed on ...
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22 Sep 2014 ... Find LOOKSMART LTD historical stock quotes, key competitors, stock data, executives and company ...
LookSmart | LinkedIn
https://www.linkedin.com/.../looksmart
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