How sickeningly sad it is that now when this board could be of most valuable to CIM people, all there is is SPAM CRAP! How sad for YAHOO.... Anyone know if the inability to open CIM had anything to do with developments re the secondary's plans?
Sickenly sad is right. Down 85% in less than a year of existence with little chance to recoup the investment because of the massive dilution of the new issuance. (110 million new at $2.25 versus 39 million outstanding shares at June 30, and a book value of $6.15 at September 30).
Hard to believe they are part of Annaly (which is only down 1/3rd over the same period.)
Thought I could get the experience and ability of the managers of Annaly without the baggage of existing investments when I purchased this one. Boy was I mistaken.
Well, I figured if I was willing to hold CIM all this time, then it would not be logical to pass on the offering. So I bot in... didn't have the nerve to buy a cash equivalent of my other two rounds of purchases, so I bought only a share equivalent....HAH! probably 1/4 of the cash equivalent... oh my..........