SODI adopts a poison pill under the guise of an NOL preservation plan. A useful and common negotiating tactic for company management to deal with a hostile bidder. However, in this case, SODI is a micro-cap company with a cash burn rate issue. Poison pills are not usually top of the list of management priorities. Suggesting something is afoot.
Read MoreSNAP's Competitive and Legal Woes Continue To Pile Up
An extended version of our Seeking Alpha article on SNAP's (unanticipated?) legal and structural problems
Read More