I wrote a number of articles on dispositions on MicroCapClub earlier this year.  The thesis, in short, was that very small companies generally do not strive to get smaller.  Quite the contrary, they need to grow to achieve economies of scale and spread the costs of management and public ownership across a greater revenue base.  When they choose to shrink by shutting down or selling a division, something is up.  It might well be worth an investor’s time to figure out just what’s motivating management to shrink their already too-little company.  Case studies on Broadway & Seymour, Clearfield (CLFD), and Asure Software (ASUR) illustrated some of the things to look for such as the remaining segments financials, changes in beneficial ownership that might be forcing the change, smart money acquiring from dumb money, insider buying, net operating loss carry forwards, and even poison pills to preserve NOL’s.  In this article I introduce another disposition situation without telling you how it ends.  Because I don’t know yet.  If you can see how its going to end, maybe you can still make a lot of money or avoid a dead money situation. Read More …