Look continues wind down, reports $3M Q1 net loss

TORONTO – As Look Communications continues its wind down, it reported a net loss of $3 million for its first quarter ended November 30, 2009.After ceasing service to subscribers on November 15, 2009, the company’s remaining assets consist primarily of its present cash and short-term investment position of approximately $40 million, approximately $360 million of tax losses and the Milton facility and related infrastructure, which have been listed for sale.Look said that has retained BMO Capital Markets to help it “pursue opportunities with interested parties” to maximize the value of its remaining tax assets.It's next annual and special meeting for shareholders...