Article on Seeking Alpha published after the close this evening breaks down the consideration in the Pyxis deal. It is hard to come up with numbers that result in Look shareholders walking away with more than $1 even if Pyxis doesn't dilute them into the ground. If Pyxis goes that route, LOOK holders could end up with less than 50 cents a share IF YOU OWNED LOOK BEFORE LAST THURSDAY. If you are a trader who bought your LOOK shares after the deal was announced, there is ZERO protection from dilution.
I get Seeking Alpha Pro articles and there is not an article slamming or even mentioning Remark Media on SA Pro that has been posted in the last 30 days. The short sellers are in a bind and they are pulling out all the stops to try to get the price lower here so they are trying to shake out the weak hands to cover what they can as low as they can. KanKan release will likely be next week and shorts have to find some way to cover over 225,000 shares of a stock that trades only 25k shares per day. Plus, if MARK does another convertible where the CEO's investment co takes down a big piece of the offering, that will be very bullish for the stock and could push us back up over $5 for good.
If the Remark raise is a CEO funded convertible like two of the last three, this stock will rally over $5 in short order. Today's deal with Siteminder should remind investors that one of the biggest pieces of the Remark puzzle is just getting off the ground - roomlia will eventually be the biggest part of Remark. Remark is very cheap right now