Special Diversified Opportunities Inc. (SDOIA)

[TallTrader]

Per 8K, they used $290k of their $23M to purchase 5 billboard signs from this company: http://www.metrooutdooradv.com/

A roll-up of outdoor signs? Use that $20M NOL?

Item 1.01 Entry into a Material Definitive Agreement
On November 4, 2016, Standard Outdoor Southwest LLC (“Buyer”), a wholly owned subsidiary of Special Diversified Opportunities Inc. (the “Company”) and Metro Outdoor of Austin LLC (“Seller”) entered into an Asset Purchase Agreement (the “Asset Purchase Agreement”). Pursuant to the Asset Purchase Agreement, Buyer will acquire, at closing, assets consisting of five billboards located in several counties near Austin, Texas. In addition, Buyer will acquire the ground leases and advertising contracts relating to such billboards. The consideration for the acquired assets will $330,000, of which $290,000 is payable in cash and $40,000 is payable in shares of the Company’s common stock. Buyer has paid a deposit of $145,000, the substantial majority of which is refundable should closing not occur. The principal of Seller will become a consultant to the Company. The transaction is subject to customary representations and warranties and closing conditions, and is expected to close in the first quarter of 2017.

https://www.sec.gov/Archives/edgar/data/911649/000157104916019685/t1600718_8k.htm