Like you I think under 7 looks like it might be in the cards. I'm not bashing this stock, I'm just not comfortable here. If you do buy back, watch PSEC real close, you don't want to be here if the hammer should come down. I have no idea what's in the cards. There are plenty of other choices out there with less baggage. What happens with the dividend is anybody's guess...I'll be watching also.I hope there are a majority of NO votes again.....Best of luck.
With you 100% forest279.. PSEC issued a debt instrument sometime in Nov 2015 and raised $150,000.000. PSEC should have netted appx 143/145 million from this offering. Now management is asking its shareholders to approve a stock offering to sell shares under market value. I have been in PSEC for a few years but don't have a comfortable feeling here anymore. I voted 5000 shrs NO on the second vote 1/8/2016,
but will be moving on after this vote. I hope PSEC investors make out ok. Best of luck to those that remain.\
PS: Funny what happened to the message board...Im sure it will be back after the vote..hmmmmm