Seeking Alpha

Orchid Island with 1.5M share secondary

Orchid Island Capital (ORC) - following a big run in the stock - sets a whopping 1.5M share secondary, with underwriters granted an option for another 225K shares. The company currently has a float of 3.34M shares.

Press release

Comments (1)
  • 67g8i32
    , contributor
    Comments (267) | Send Message
    The stock price was above bv. But the offering is under bv. Make any sense. Seems like stealing from the share holder.
    16 Jan 2014, 07:35 PM Reply Like
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