Seeking Alpha

Nicholas Financial discontinues exploration of strategic alternatives

  • Additionally, company founder Peter Vosotas resigned from the chairman's role late last month, and he's been replaced by CEO Ralph Finkenbrink, with Nicholas (NICK) saying the resignation was for personal reasons and not over any disagreement with company policy.
  • Nicholas last month pulled the plug on a sale of the company to Prospect Capital (PSEC) as the SEC's investigation of an accounting issue at Prospect had pushed off the closing.
  • Source: Press Release
Comments (2)
  • rohlm50212
    , contributor
    Comments (2) | Send Message
     
    PSEC has been a winner for me for 2 Years, but as we all know there are so many variables that can kill a Company and its Stock. Life is a Gamble and I believe PSEC is a great Investment for now...
    2 Jul 2014, 01:06 PM Reply Like
  • oogie999
    , contributor
    Comments (2) | Send Message
     
    I am going to also to continue to reap the benifits of a well run company
    3 Jul 2014, 11:59 PM Reply Like
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