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Bluegreen Corp. Message Board

gormless3908 12 posts  |  Last Activity: Jun 24, 2015 3:31 PM Member since: Sep 2, 2011
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  • Reply to

    NYSE LISTING REQUIREMENTS

    by denn7 Jun 24, 2015 3:23 PM
    gormless3908 gormless3908 Jun 24, 2015 3:31 PM Flag

    Can and would being different things. Listing isn't without costs. The pricing for listing is opaque but here's some info:
    "The entry fee to list stocks on the NYSE is up to $250,000. Yearly fees are based on the number of shares listed and are capped at $500,000."

  • Reply to

    India market

    by gkeller397 Jun 19, 2015 1:46 PM
    gormless3908 gormless3908 Jun 22, 2015 12:31 PM Flag

    I certainly see this as an endorsement of the technology and the supplier. You don't launch a product in that large a market without some level of confidence in both.

  • Reply to

    kaching, Kaching!!

    by gormless3908 Jun 10, 2015 12:27 PM
    gormless3908 gormless3908 Jun 18, 2015 1:41 PM Flag

    Orchid Island Capital, Inc. (the "Company") (ORC) is set to join the broad-market Russell 2000(R) Index at the conclusion of the Russell indexes annual reconstitution on June 26, 2015, according to a preliminary list of additions posted June 12, 2015, available at the FTSE Russell website.

    So, I know y'all have that info all ready. I'm just thinking that this is likely to substantially allow ORC to boast the rate that the issue stock under the ATM program. At least in the short term. I'm also starting to think that mreitcmbs' estimate of starting a new ATM program by September, 2015 is more probable than my estimate of March, 2016.

  • gormless3908 by gormless3908 Jun 10, 2015 12:27 PM Flag

    Time for this math challenged fool to give the update. $40 Million ! Yes, that' right, Orc raised an additional $40 million last month! Clearly the rate that stock is being issued varies wildly from month to month, I'm not sure what drives that. Shall we start a betting pool on the date they launch the next ATM program? I'm gong to bet conservative and go with March, 2016 but I'll bet it's a big one, 150 million.

  • Reply to

    OIS size

    by unifihitch Jun 3, 2015 10:11 AM
    gormless3908 gormless3908 Jun 5, 2015 11:11 AM Flag

    To be effective, a short has to provide facts and reasons to balance the wishful thinking of the longs. Posts like that undermine your credibility. It was partially incoherent and lacked substance. Any of the longs could have written a much better hit piece.

  • Reply to

    Dividend

    by springlal May 29, 2015 1:23 PM
    gormless3908 gormless3908 Jun 5, 2015 8:25 AM Flag

    I think my reason was fairly clear so I'm not sure where your question was coming from. Let's do this the other way. Can you explain when you think dividends might be paid and why. It's a really hard thing to pin down as the revenue and costs are likely to change quickly as the company grows.

  • Reply to

    Dividend

    by springlal May 29, 2015 1:23 PM
    gormless3908 gormless3908 May 29, 2015 2:11 PM Flag

    You really do need to read the 10-k/10-q. No dividends will be paid until they use up the 17 million in NOL's. I don't see that happening this year.

  • Reply to

    Kaching!!

    by gormless3908 Apr 10, 2015 10:05 AM
    gormless3908 gormless3908 May 12, 2015 10:08 AM Flag

    I like your numbers better.

    Different topic, anyone have a guess on the increase in the directly held portfolio? Any thoughts on what the limits to growth on that portfolio might be?

  • Reply to

    Kaching!!

    by gormless3908 Apr 10, 2015 10:05 AM
    gormless3908 gormless3908 May 11, 2015 5:29 PM Flag

    Looks like ORC raised an additional 7 million in April. (That's assuming my math is correct, a big assumption). Not bad, just not quite the blistering pace of the prior month.

  • Reply to

    Q1 earnings report on Monday

    by manoathek Apr 22, 2015 2:32 PM
    gormless3908 gormless3908 May 1, 2015 9:13 AM Flag

    Agreed. I know you meant "At The Market", not "at the money". I can never type what I meant either.

  • Reply to

    Q1 earnings report on Monday

    by manoathek Apr 22, 2015 2:32 PM
    gormless3908 gormless3908 Apr 30, 2015 1:43 PM Flag

    I think you can be sure that there will never be a secondary public offering in the traditional sense. They have an active At The Market program running and are very pleased with how that is going and appear to use the ATM over the SPO route.

  • gormless3908 by gormless3908 Apr 10, 2015 10:05 AM Flag

    So ORC managed to raise roughly $20M via the ATM program IN THE LAST MONTH ALONE! That works out to 300K additional fee revenue going forward. It looks like they could easily exceed my $300M estimate for equity in ORC by year end. They said on the conference call that the ATM program was working great and that the real limit to growth wasn't raising the money, it was how much money they could effectively manage.