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Saratoga Investment Corp. Message Board

  • beauzeau23 beauzeau23 Oct 4, 2012 4:36 PM Flag

    Interesting point about the 8k statement.

    "Of the 2,341,269 shares of the Company's common stock eligible to vote as of the record date for the Annual Meeting, 869,410 shares of the Company's common stock were held by persons or entities not affiliated with the Company."

    A staggering 63 percent of outstanding share is held by insiders. That is even larger than I had estimated. I've always done well investing in companies with a large percentage of insider ownership but I've never seen these sort of numbers before.

    Couldn't the IRS start to raise objections to this at some point? Just one man (the CEO) holds over 50% by my estimate, that makes it a publicly trade BDC in name only.

    Sentiment: Hold

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