Having being in this stock for many years and watching/reading...

Having being in this stock for many years and watching/reading Karl's regular portfolio updates, it seems his primary emphasis is on the CDM dividend yield and/or the discount to NTA. CDM have never been able to boast of their superior portfolio performance, so therefore appear compelled to talk about the yield being so attractive (as a result of the falling share price).
The reality is that due to declining portfolio performance, the absolute value of the dividend paid over recent years has also fallen, but Karl continues to tell us what a great yield it's trading at. No doubt we'll hear this same line rolled out over the new few days & weeks as the ARQ drama plays out.

They should drop/reduce their management fees until they return portfolio performance to above a set market hurdle.