BMNM - Bimini Capital Management, Inc (OTCBB Stock)

[greencat]

BMNM has a nice set-up. Its has a good chance of making another leg up out of this consolidation pattern.

BMNM Chart



Bimini Capital Management, Inc.
3305 Flamingo Drive
Suite 100
Vero Beach, FL 32963
United States - Map
Phone: 772-231-1400
Web Site: http://www.biminicapital.com

DETAILS
Index Membership: N/A
Sector: Financial
Industry: Mortgage Investment
Full Time Employees: N/A


BUSINESS SUMMARY
Bimini Capital Management, Inc., a real estate investment trust (REIT), invests in residential mortgage-backed securities (MBS) in the United States. Its MBS portfolio consists of pass-through certificates, collateralized mortgage obligations, and agency MBS derivatives. The company has elected to be taxed as REIT under the Internal Revenue Code. As a REIT, it would not be subject to federal income tax purposes, provided that it distributes at least 90% of its REIT taxable income to its shareholders. The company was formerly known as Opteum Inc. and changed its name to Bimini Capital Management, Inc. in September 2007. Bimini Capital Management, Inc. was founded in 2003 and is based in Vero Beach, Florida.