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Looksmart To Be Taken Private?

The thought came to me after today's Snowy August Management LLC announcement that there's a real possibility, that Looksmart will be soon taken 'private'.

A follow-up announcement helped to only further confirmed to me, my own above suggestion.

The past five years of certain 'activity' (of the kind that fits the crime), has been noted. (I just hope I am wrong)

This (I feel) would be a travesty of justice and would further exemplify just how greedy business is done these days. And the example of that is surely an indictment of or - as to where our world is positioned today.

The number of people who would know of any plan to take Looksmart 'private' would be substantial.

This would be a suicidal move, for the industry, I feel. To not have a fully transparent public accountability - becomes a real moral issue, I believe.

If the Co doesn't make the appropriate announcements that I expect it can make - - in a more colorful manner than any of over those produced over the past number of years plus a continuation of this 'legal business' being allowed to drag on, who knows?

Just an opinion, as always.

LOOK: $0.91 Down 0.02 (2.15%) 3:51PM EDT - Nasdaq Real Time Price


Disclosure: Long LOOK and concerned.