I’ve mentioned my growing disillusionment with corporate governance a few times on the blog, particularly when it relates to the busted biotechs / pharmas. However, just because I’ve been focused on the busted bios doesn’t mean that’s the only space where there’s some really negative corporate governance / actions; today, I wanted to highlight just a few of my favorite examples from outside of the zombie bios.
Have you looked at $SONM? Talk about a dumpster fire, too! Terrible mgmt & no accountability by board. Had a takeover offer at $4/share last month (~80% premium), company decided to adopt a poison pill instead. New takeover offer is at $1.81/share…
Have you looked at $SONM? Talk about a dumpster fire, too! Terrible mgmt & no accountability by board. Had a takeover offer at $4/share last month (~80% premium), company decided to adopt a poison pill instead. New takeover offer is at $1.81/share…