Wednesday 11 June 2014

No Restatement Required By SEC For Prospect Capital (PSEC)

Paydirt!

As reported last night on Seeking Alpha, the SEC has announced that there was no restatement of PSEC's financial statements anymore. This should mean that the stock should bounce back to its original price before the drop ($10.74) or more!

Whoot!

After a few weeks of speculation where I thought there were issues with this whole lawsuit, things have turned out pretty good eventually. Sure glad I picked some up when this stock was down.

Last night PSEC was up 5% to $10.35.

Should head higher soon.

HUAT AH!

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