Are you missing something, or is it me? CIM had 883 million shares outstanding as of the last 10-Q, and now they are issuing 125 million more, plus an overallotment. Good deal more than your 930 million, isn't it?
The float is aprox. 840mm, The outstanding is 883mm which doesn't look like enough to issue 125mm. What's the authorized?? We're going to be well into the Q before proceeds can be put to work so it looks like the div will have to go down. Opinions? long 30kshares. glta
time will tell...i expect them to put this thievery $ to work with the other thievery $ from last 1/4 and blow out the 4th quarter with the stock trading around 5...then i'm out! that's my hope..what will happen is anybody's guess..