Just as I added to my position in PSEC, this crap had to happen.
So basically PSEC has been asked by the SEC to restate its financials.
It definitely hasn't gone down well with the market, with PSEC share price falling by more than 8% since the news broke last Wednesday.
I'm not very sure what to do with my current holdings, but it is likely I will sit around and watch things unfold abit first before taking action.
Already Seeking Alpha and The Motley Fool have covered the potential impact, but it sure looks like no one really knows the full implications.
Hopefully this isn't anything more than a small matter, and the share price will slowly go back up soon.
Huat ah!!!
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