Welcome aboard! Really good to see you here.
This company is in the news today and has been over the last week-to-two. Hercules is re-writing boundaries the company wishes to employ in reaching out to many companies unable to access more traditional capital markets. today's news points to a 4-cent gain per share to be expected soon, on top of gains already in place.
Business development companies are a great place to be at this point in time, thanks to our government moving increasingly towards lightening up on restraints formerly installed to protect. Some of these have been found to inhibit growth as per banking rules being lifted in part. And so it is with borrowing opportunities and this is where Hercules comes in.
This company is leaning more noticeably towards the venture capital side of the banking industry. I, in particular, appreciate that, having gone through related maneuvers myself thirty-odd years ago. A young banker in that branch's top seat thought me a suitable risk for his banking organization and we did a deal on a handshake! We did several more such transactions and we all made out splendidly.
HTGC and I belong together in a loving embrace! lol
Had to sell a few recently so I could add to NGL but still holding 1212 and hoping to add. My gain at the moment on the remaining is $970. Add $300 for those sold. Opened the position towards the end of June so I'm very pleased. More meaningful to me is that we're beautifully poised to find gains on an accelerative path from here on---going forward. Toss in better than 9% distributions and what's not to like in this pro-banking environment?
Wishing you the best as always...
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