I am not a short and your behavior is certainly not productive.
What management needs to address is that the share price seemed to adjust downward for no ‘reason’. Turns out there was a significant write down during the period. I called IR and was informed they were not aware of any information which would explain the decline in the share price. A share price which had been remarkably stable given the conservative choice of investments, low leverage and stable post crisis distribution.
I cannot prove information was leaked but given price action relative to other BDC that would be a reasonable conclusion. From the prior cal,l I did not feel there was any disclosure that there was potential for a 6% to 7% write down.
Look, I like Mr. Gladstone. Despite this I believe he is an honorable man. But odds are he has a problem internally.
We will see what is on the call. But a decline in book value from $11.50 to less than $10.50 this year is certainly not good. IR cannot comment on non publically available date and my suspicion is that it happened given the big jump in volume.
I have a few shares and was hoping to pick up a bargain in this thinly traded BDC after earnings That is not happening for a while although with the prior track record, a discount to book should be a buy signal.