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Bimini Capital Management, Inc. Message Board

  • sheetwise sheetwise Mar 12, 2013 6:38 PM Flag

    ORC Divy declared

    ORC declared a march divy of .135

    BMNM has 981,665 ORC shares X .135 = $132,524 just from the divy.

    Remember ORC will pay a monthly dividend + monthly 1/12 of 1.5% management fee on the first 250 million equity. BMNM has to pay the managers salaries. I think the 2 guys make about 1 million a year combined? Still need to see both companies post IPO balance sheets to really crunch the numbers.

 
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