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Longstanding investor in Looksmart (and a 68 yr old ex-tradesman), who has a passionate interest in the problems of newspapers along with their success in all their monetisation attempts made, on the web. For the "times are indeed, a changin", I feel. [17th of Aug, 2011 - Print media... More
  • When Dot-Coms Die: The LookSmart Tender Offer  0 comments
    Jul 17, 2012 5:48 PM

    Came across this blog-post today (by Nate Tobik) that invited me to make a comment.

    I've done so and am awaiting an 'approval' for acceptance, even after a solid 'captcha' ID was processed.

    Posted on July 12th Nate advises that ...

    "LookSmart is relic from the dot-com boom from a time when people thought they would order groceries and pizza online. ....Well eventually people did start to order groceries and pizza online, but about 12 years too late for LookSmart. The company is a second run text ad network. They provide ads for search engines that aren't part of the "Big Three", Google, Bing and Yahoo"

    This comment feels that it is a....

    farmland investmentJuly 11, 2012 2:42 PM

    ...Great piece. Its a total no-brainer to tender the shares and make around 12% with minimal risk. People tend to get greedy in these deals sometimes. Remember the old phrase - the great is the enemy of the good. Seems to fit here.

    Reply

    Your comment will be visible after approval.

    www.oddballstocks.com/2012/07/when-dot-c...

    **************
    My reply:

    It's interesting to note that you advise of a consortium of hedge funds that owns 14% of the company [and] has offered a tender...But is this exactly so?

    You'd probably be best reading this (proposed) 'offer' announcement in it's entirety. You'll then find that it advises that:

    "PEEK plans to make the tender offer to acquire all shares validly tendered and not withdrawn..."

    UHMmm? It does say...."plans to make"???

    Shareholder Consortium Announces Offer for LookSmart

    But nothing to get excited about here...

    The Co (exclusively) has the ONLY OPEN (global) CPA marketplace that exists within the RTB ecosystem, and it's one that involves all the BIG search engines. (That include Google and Yahoo/Bing) The Company just today announced (and with a same global scale), where advertisers can buy display advertising on a CPM or CPC basis.

    LookSmart Announces Display Capabilities

    You may just want to take another LOOK at this one, perhaps?

    Ross Bradley
    **********

    Alway an opinion.

    LOOK: At 3:41PM EDT: $0.91 Up 0.01 (1.11%)

    LC

    .

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