Cornerstone Strategic Value Fund (CLM)

[bar1080]

Why would a RO sound fishy? They often pay out more in distributions than they receive in dividends. Unless the market soars forever, ASG and funds like it (including CLM) have to do regular ROs to keep from eventually going to zero.

Do you use Seeking Alpha? Ultra high yield investments are a popular topic there. (oddly popular in my opinion!) They have lively discussions of rights offerings. Two problems: the best research is often only available to paid members. Also I don't trust some of their authors. A few years ago SA booted a number of them for being paid shills.

Often the comments at the end of the articles are the best content.

Unlike IHUB which is mainly for penny stock gamblers, many SA posters have deep experience in fields like accounting, law and security analysis. Yesterday, for example I was reading a long SA article about problems Boeing is having with the production of their commercial aircraft in Renton Washington. The author clearly knew the innards of Boeing's supply chain and manufacturing operations there.