Seaniemac International Ltd (fka BETS)

[Wondering Skeptic]

You can see it for yourself in their prospectus:

We Have Certain Provisions In Our Charter Documents That Could Delay Or Prevent An Acquisition Of Our Company, Even If Such An Acquisition Would Be Beneficial To Our Stockholders

Provisions of our Articles of Incorporation and Bylaws allow our Board of Directors to issues shares of authorized common stock without having to obtain the approval of stockholders. Such provisions could make it more difficult for a third party to acquire us, even if doing so might be beneficial to our stockholders.



http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001144204%2D07%2D006132%2Etxt&FilePath...