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Gladstone Investment Corporatio Message Board

  • longshortarbguy longshortarbguy Aug 5, 2011 5:56 PM Flag

    authorization to sell shares below NAV

    Well, it's official. GAIN can now sell shares below NAV for the next year. Management has been fighting for this for quite some time. I would expect a share offering in the near future at a significant discount to the current price. That means longs will get hit with a 1-2 punch: they will get diluted and they will see the price get whacked because institutional investors will require a discount in order to buy the new shares. You've been forewarned.

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