We've been a little behind in analyzing Alcentra Capital's (NASDAQ:ABDC) common stock offering and sale of stock due to the press of other activity and the need to review the several hundred pages of the Prospectus and other related documents. Admittedly, much of the paperwork is duplicative: typically, copies of prior financial statements. Nonetheless, we like to scan for nuggets of information in the thickets of the filings that are not brought to shareholders' attention in the short and sweet press releases - whether innocently or not. Anyway, the BDC Reporter - after our initial review - is disconcerted by developments at ABDC. For the reasons why, read on:
