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Longstanding investor in Looksmart (and a 69 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
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  • Is the USA truly the land of Freedom of Expression? - (C)
    With the sacking of Looksmart's CEO announced yesterday, the opportunity to buy up "cheap" shares (has most certainly been considered) by 'market manipulators' and their 'foot soldiers', who post daily on the various stock chat forums, over at Yahoo. IMHO.

    The LOOK board is a classic example, of such a ploy ....

    With my own access to post replies (in defense) being BARRED (once again), "bashers" can post as they please, with little resistance coming back in replies from shareholders. Well done Carol Bartz?

    Typical of such (in the past 24 hrs) are as follow:

    <the CEO and President has quit and left immediately there is something massively wrong at LOOK >
    <there is something seriously wrong at LOOK for this clown to quit >
    <watch them dump this tomorrow >
    <no one knows about West being fired yet and the stock has dropped 7% in after hours>
    <will go and stay sub $1 today >
    <a terrible piece of news about West and the market will hate it.>

    <the Frenchman will wind down operations. Nowhere to go from here, nowhere to hide.>
    <The bid on Level 2 shows two chumps willing to buy at .79 >
    <"i do not think they could raise any money at even 50c a share from my valuation of the company,its barely worth 20c a share." >

    This poster (posts over in Australia under an alias of Mike Mora- View Messages) truly is (I believe) a "desperado" in the proper sense. And he has (also) told me personally in the past, that he operates Internet Marketing for Small Business, and successfully? A FREE "plug" for you Mike :) - Would you truly, even buy a 'used' car from such an operator, I wonder? Or, have a campain or, two organised in his capable hands? 

    Just how sad it that, I ask?

    LC

    Dec 15 12:43 PM | Link | Comment!
  • Looksmart sack it's CEO - Ted West had to go....

    LookSmart Announces Ted West to Resign as President and Chief Executive Officer -

    <...West has stepped down from his role as President and Chief Executive Officer of the company, as well as resigned his seat on the company's Board of Directors, effective immediately.>

    < "On behalf of the Board of Directors, we want to thank Ted for his contributions and efforts as President and Chief Executive Officer over the past two years, and wish him success in his future endeavors.">

    The board has spoken and have spoken well. No "half measures" were required in this situation. And understandably so. - - - I do hope that all board members and staff can stay strong and, will bond together and remain enthusiastic on and for, the road ahead.

    Australian shareholders may note ....

    ...I had then followed it up, with yet another:

    #.. AdReady are also another of those "suspect" representatives or, agents on-selling the Looksmart AdCenter under a private labeled arrangement, like I have suggested over here in OZ (only yesterday), that "Triggit.com" are doing... [Visit website http://triggit.com] ..#

    Link: [Advertisers Are Scrutinizing and Optimizing Says AdReady CEO Finn]

    Looksmart's (now) 'ex' Ted West had a duty to seek approval from the board on most things of importance when acting for and on behalf of the board and shareholders.

    Ted West was (at all times) supposed to be working for Looksmart, NOT the IAB, Yahoo, Microsoft, AdVertise.com [ re: Partner in ABCSearch (b)] or, soley for "himself". It was NEVER Ted's game, only. Full stop.

    It makes you wonder if, following my posting of (what appeared to be) the "fabulous" progress (in it's traffic growth), that's being made by the Looksmart partner AdVertise.com's (and such an insignificant search engine) site, that, the board then got to ask a question or, two? ("The straw that broke the camel's back"? - Ya neva know, of course.)

    His sacking will now see Looksmart start to progress and surely there'll be a little more 'transparancy' shown in that regard, for the "eyes" of loyal and intending shareholders.

    Looksmart do have a "last card manilla" (in Google) IF they happen to be pushed around a little by the 'powers to be', in MHO. And the Co should never discount a fully confident 'doubling up' on that last card. (Only, if need be?), As it remains a "winning" possibility and to be used as "strong" leverage in any unfair or, totally lop-sided (negotiation approach), that may be put to it. (Ask me how?) 

    Nothing has changed in some minds & it will always remain (it seems?),  that "all's fair in love and war" and business?

    Hope not
    - And that we can quickly get on track with the "main event", just around the corner in the new year. I would also suspect that (and, in spite of a few thousand shares used up in so stupidly selling the SP down to a dollar, in the A/Hrs), those that are 'in know'  WILL support the share price now that this decision has finally been made.

    And that for Looksmart, the newspaper industry (& their all their digital endeavours), there will remain for all involved, some "Glimmers of Hope" [VIDEO:)

    LC

    Disclosure: Shareholder of LOOK

     

    Dec 14 11:24 PM | Link | Comment!
  • DESPERATION - And the (true) story of it's meaning...

    For an explanation of the true meaning of the word "desperation", you should look no further, than this very special post here.

    LOOK say they are in trouble
     

    That post was made by a former shareholder of Looksmart, who is now trying to buy 'cheap' shares. It is a known fact that this person once had a substantial holding in Looksmart, with an 'averaged' cost price, of $64.00pps. (According to the Nasdaq site, Looksmart 'officially' closed on Friday, down @ $1.03pps.)

    He had told me and a few others of the above fact (and, face to face), down at the old Glebe HP Paceway in Sydney Australia, on the night that QLD pacer "Double Identity" won it's very 1st Inter-Dominion final. Take my word for it. Others can vouche for it, too.

    But when Microsoft then 'dropped a proper bombshell' (and had announced that it would be "dumping" Looksmart as a distribution partner, in 2003), Looksmart lost some 64% of it's revenues. He sold his shares losing an estimated half of his capital invested (or, maybe a little more) and has been "dirty" on the Co, ever since. Bitterly, so. That was over 6 years ago now.

    This former (and very disgruntled) shareholder (as can clearly be seen in the above link) is THE perfect example of the word "desperation". He hasn't let up in all these years. (And this is a fella who incidentally is or, would be the only person ever to have been banned from posting - on EVERY stock chat site in Australia). 

    "Desperation" (and it's my new 'handle', for him - and after-all . I do 'own' him - he has followed my every move like a puppy dog, for years now), and has never let up on his  posting of his (almost) daily "littany of LIES" and distortions.

    And the newly named person in 'desperation' has (clearly), thoroughly enjoyed watching the daily decline in the share price and of all other (remaining), shareholder's value.

    Sadly, through his total ignorance and complete lack of any real "understanding" in the use of technology (or, even the slightest 'inkling' of the massive, RTB  marketplace 'game changer' that lies ahead), 'desperation's' tired old "style" (in, all of his postings), is much the same as always. He simply reverts to his usual 'copy and pasting' of negatives from out of Co 10-Q's (as issued) and then, totally distorts the facts. How boring. And, IMO, ShareCafe's celebrated wdongli (himself), does a far better job at that, too!!

    DESPERATION is in a real Quandary now. For it's come to my attention (only recently), that his 'buddy' in the States - runthapipet...  (a Mr Bennett, who is 'cashed up') has finally 'seen the light', it appears.-So we have a situation that sees "B&H Investments" (I am reliably told) are now, actually 'on the bid' ..

    So, here's that poor old paunchy, and pocked faced "Desperation" having even more the reason to "bash"  Hoping they can get to buy some "loosely held shares" cheap, IF they can. I doubt it. So sadly,  'desperation' is so confused .... and is it any wonder why?

    He (himself), still can't 'see the story' as it is unfolding,and can only (ever) revert to Co announcements made, to support his eternal venting of his frustrations with his own, ugly show of vitriol. But in closing, I have to say that it will be fun to see how they get to (once again), have to "pump" for shareholders, when they decide to "sell", in time. Because at that time (when it comes around), I certainly won't be doing so .... :)

    UHMmm? - There's never a dull moment with "Desperation" around , that's for sure.

    LC

     

    Dec 13 7:51 PM | Link | Comment!
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