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Chimera Investment Corporation Message Board

  • rosssteve97271 rosssteve97271 Feb 22, 2013 12:31 PM Flag

    Why isn't there more conversation here about the NYSE de listing CIM on 3/15/13?

    What do you think your stock will be worth when that happens?

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    • A review of the NYSE delisting procedures indicates that it will take at least six months for CIM to actually be delisted after the NYSE decides that it no longer meets the requirements for listing. We're not at the beginning of the end of this madness, we're not even at the end of the beginning. Anyone over fifty will probably die of old age before seeing the restatements.

    • Moving to the Pink Sheets will cause many investors will simply withdraw, and many new investors will not consider buying. But in addition, the willingness of those in control of the situation to go to the Pink Sheets suggests that matters are worse than previously imagined, suggesting CIM is actually worth less than now. If it does go to the pink sheets, the price is liable to drop to $2 per share for a day or so, before it begins to recover. If the restatement matter is resolved, the price will quickly go to $3.50. Whatever one expects to happen, buying CIM is no longer an investment, but rather gambling.

    • when or if, doubt the de-list . it certianly coming down to the wire for filings. What role does Anally (NLY) play in this drama. Will they interviene possible buyout or if de-list of cim what effect on the whole NLY structure?one thing for sure, something is going to be happening shortly. very curious

    • I'd guess that would depend on the scenario. If they're simply delisted and there's no market, the stock will be virtually worthless. If they file and the financials are as bad as some think, I would expect it to drop at least below they're yearly low of $1.81 ,and it will tank very quickly. I think one conversation not taking place relevant to your question is.... why have they NOT filed in over a year. Anyway you look at it, this company is bad karma as good companies file, even with bad results, as they should. I'm on the PUTS side of the discussion and personally, I can't see them getting one more extension. I think this is it.

      Sentiment: Strong Sell

    • They'll probably give them extensions as needed until they file. I wondered what the record is for NYSE filing extensions? I looked for that answer on google and the first hit that came up was a story about CIM.

      • 1 Reply to uppekhahead
      • LOL. I don't think there is a fixed rule, but it was said that was the last extension for CIM,so we are...as the big day is getting close, the fear starts to be priced in. All good questions above, why 1 year to re-fill all the Q results ? Are their excuses reliable ? What role NLY has and will have ? Something is boiling in the pot here, I cannot blame the ones who are closing their positions and leave , if CIM will fill the financial and they will be not bad as we think, lots of these guys (and new ones) will come in and make this baby pop by 20% or so very quickly. I have a big position in CIM with a moderate unrealize loss, what would you do in my situation ? Sell a portion of it , close all positions or keep my positions and cross the fingers ?

 
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