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Gladstone Capital Corporation Message Board

  • mopsu28 mopsu28 Jan 31, 2011 4:21 PM Flag happened?

    Was up nicely and then it just fell off a cliff. Are they issuing shares? Bought another 1000

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    • Don't know but I picked up some shares at 10.50 this morning.

    • As one looking to buy shares of GLAD, I ran across this news for today.

      Selling shares at under NAV is dilution so... current shareholders took profits and drove the price down. This may be a good entry point after I look up GLAD's current NAV and compare it to the share price.

      (GLAD) announced that the industry's two leading proxy advisory firms – ISS Corporate Services, Inc. ("ISS"), a wholly-owned subsidiary of Institutional Shareholder Services Inc., and Glass Lewis & Co. ("Glass Lewis") – each recently issued a report recommending that stockholders of the Company vote "For" for the proposal that would allow the Company to issue and sell shares of its common stock below its then current net asset value per share ("NAV").

7.16-0.08(-1.10%)Jun 24 4:00 PMEDT