Oxford Lane Capital's Price Pops Above $17, Vindicating Management's Recent Capital Increase
- OXLC's management took a lot of heat from shareholders when it boosted the size of its recent capital raise.
- Some rights subscribers expecting a "free lunch" at $17 felt like they got a "cold shower" instead.
- All's well that ends well, as the price has popped back up, plus they got an increased dividend.
- And the future looks bright with all the new assets about to start pumping out additional cash flow in future quarters.