I am new to board but not to BPL. Secondary distributions are not necessarily bad depending on the use of funds. It seems that BPL has good use for the money. Is the problem that they are having to pay too much for their acquisitions that has the board abuzz?
Unfortunately, I just bought some more shares in the last 30 days. I would think a "class action" attorney will jump on this private offering. I don't know if I will sell my interest but I will never buy anymore stock in this MLP.