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To: Paul Senior who wrote (30410)3/25/2008 9:53:53 PM
From: Madharry  Respond to of 78634
 
i dont see it as being a horrible problem. I guess I will just put in more money exercise the warrants and get a few shares at a discount. they are still selling shares at below book value. Im guessing that at least partly they need the funds to pay out the dividend/



To: Paul Senior who wrote (30410)3/26/2008 10:00:58 AM
From: Spekulatius  Read Replies (2) | Respond to of 78634
 
MCGC, ARCC -
ARCC is going to the well also and issuing new shares quite a big below book. You were right, complaining about ALD's offering (at a 10% premium to book) is not sensible any more given that the competitions issues new shares below book.