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Bimini Capital Management, Inc. (OTCBB:BMNM):
- First Quarter net loss of $0.5 Million
- Book Value per Class A Common Share of $0.81
- MBS Portfolio Remains 100% Invested in Agency MBS
- Company to Discuss Results on Monday, May 16, 2011, at 10:00 AM EDT
Bimini Capital Management, Inc. (OTCBB:BMNM) (“Bimini Capital” or the
“Company”), a real estate investment trust (“REIT”), today announced
results of operations for the three month period ended March 31, 2011.
The Company reported a net loss of $0.5 million for the three month
period ended March 31, 2011, compared with a net loss of $1.0 million
for the three month period ended March 31, 2010.
Penny Stocks are stocks traded for under $2 and they represent the small cap companies. They trade on the OTCBB so you will not find them on the major stock exchanges. They are very cheap stocks and normally come for businesses needing capital. They are a very risky investment as the business can go under and leave you with a stock worth nothing. However that being said penny stock trading can be a great money maker, and there are numerous traders who make 6 figures and more from them each year.
The best reasons to trade in penny stocks are the fact that they do not require a large initial investment, meaning that they are an affordable investment for many. Penny stocks are cheap. For example if you were to buy 1000 shares in a company with shares at 10 cents, you would only require an investment of $100, whereas if the shares cost $5 you would require an investment of $5000. Penny stocks also have the potential of huge gains, and have been known to rise as much as 1000% daily. Therefore your $100 investment can be worth $1000. This is very unlikely to happen to other stocks from large cap businesses.