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ARMOUR Residential REIT, Inc. Message Board

ironroad45 9 posts  |  Last Activity: Apr 9, 2014 10:33 AM Member since: Apr 28, 2005
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  • Reply to

    OT; ORC

    by ironroad45 Apr 8, 2014 12:55 PM
    ironroad45 ironroad45 Apr 9, 2014 10:33 AM Flag

    "...2 SPO's in 4 motnths."

    But No I was not refering to your post.

    And for what it's worth; 2 SPO's in 4 monthes is the same as 2 SPO's in less than a year. Thank you for your exactness.

  • Reply to

    OT; ORC

    by ironroad45 Apr 8, 2014 12:55 PM
    ironroad45 ironroad45 Apr 9, 2014 10:26 AM Flag

    houtech, from Cornerstones web site...CFP 'Press Releases'
    May 16, 2013-Record Date for Rights Offering

    May 23, 2013-Rights Offering Commencement

    June 24, 2013-Rights Offering Suspension

    July 3, 2013-Rights Offering Resumption

    July 29, 2013-Rights Offering Completion

    The time between Suspension and Resumption was a little over a week...I think that odd.

    As for the upcoming RO I'll subscribe with a request for 100% over-allotment; I'll ask for twice my allotment. But if they do like last years Suspension and resumption I might get bumped and not have time to get back in. I hope not.

  • ironroad45 by ironroad45 Apr 8, 2014 12:55 PM Flag

    If you want to look deeper into ORC look at BMNM; Bimini Capital Management Inc.

    ARR & JMI might also be connected to ORC & BMNM.

    With all the SPO's of ARR the management is the only ones making any real money. ARR management were doing SPO's every time the share price went north of $7.50. Great for management fees, bad for shareholders because of dilution. ARR is trading in the low $4's.

    If I'm not mistaking ORC has had two SPO's in less than a year. More money for management in fees but more dilution for shareholders. ORC will get smashed down with repeated SPO's.

    STOCK TIP: You can pick your stocks and you can pick your friends but don't ever pick your friends stocks.

  • Reply to

    CLM CFP CRF Drip PLan

    by pier4200 Jan 30, 2014 3:15 PM
    ironroad45 ironroad45 Mar 14, 2014 2:28 PM Flag

    Toll Free 1-800-937-5449

    Tell them your interested in the Cornerstone DRIP's

  • ironroad45 ironroad45 Feb 18, 2014 11:50 AM Flag

    Drinking DEWM Hemp tea...will I turn up positive for Pot drug test?

    I know if I eat poppy seed buns I might turn up positive for opate drug test.

  • Reply to

    Dividend Reinvestment

    by ironroad45 Jan 7, 2014 11:24 AM
    ironroad45 ironroad45 Feb 18, 2014 11:34 AM Flag

    kylewdrummer you do NOT need a physical certificate(most stocks no longer offer them...stocks are now in "Book Entry" through DTC), just contact your broker and tell them you want the shares in your name from 'street name'. Tell them to transfer shares to "Book Entry"...my broker does this at NO CHARGE.

    As far as buying additional shares of CLM in there DRIP....you will get a chance ONCE a year through the 'Rights Offering' (RO). Read past posts and headlines if you don't understand RO's.

  • ironroad45 by ironroad45 Feb 18, 2014 11:23 AM Flag

    S&P up about 2% last week.....CLM NAV up 2 cent last week...I'm not sure when CLM charges distribution against NAV, but I think it is on X-date...therefore w/o distribution CLM NAV would have been up over 11 cent last week, close to 2%.

    Prem. near 16%.

  • ironroad45 by ironroad45 Feb 12, 2014 11:53 AM Flag

    Prem of 15.75%

  • Reply to

    List of Institutions selling out and SOLD OUT

    by jforuus Feb 1, 2014 10:55 AM
    ironroad45 ironroad45 Feb 12, 2014 11:32 AM Flag

    "...cornerstone (crf)...went $40 to $5 in last six years..."

    Cornerstone has a managed distribution @ 21% a year of NAV. So my math is 21% times six equals 121% PLUS $5.

    No time to sling insults.

ARR
4.21-0.03(-0.71%)Jul 31 4:02 PMEDT

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