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."
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.
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.
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.
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.
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.
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.
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?
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.
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.
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.