Foreseen? Acting on information only they have isn't ethical or legal. Plus later the .50 here and .50 there isn't worth considering in the big scheme of things.
That is the nature of the beast with illiquid positions and a rapidly falling tide. They did NOT sell out. They did a pretty fine job of rebuilding.
Pathetic for a BDC that isn't a BDC is a corporation and is being run to increase NAV while using up the tax losses. What happens when they convert back? We might see in 2014.