Chimera Investment's (CIM) 4-month extension for continued listing on the NYSE is set to expire...


Chimera Investment's (CIM) 4-month extension for continued listing on the NYSE is set to expire on Jan. 15. Either the company will have to file its 2011 annual report by then, or get another extension, or it will face delisting by the exchange. The company has also failed to file all subsequent quarterly reports.
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Comments (4)
  • empeters11
    , contributor
    Comment (1) | Send Message
     
    I am not very stock literate but what happens to shares if the company is delisted?
    4 Jan 2013, 01:38 PM Reply Like
  • joeytheghost
    , contributor
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    Once they are delisted they go to the pink sheets or curb exchange, hard to trade from what little I understand. This inability to file there reports would be cause of great concern to me if I still owned this turkey. I find it truly remarkable that NLY who "manages" CIM can state their own results but cannot do like wise for CIM. I have always suspected that being a non-agency m-REIT that maybe CIM is the "bad bank" for NLY?? The company is rife with nepotism and compensation amounts that certainly seem out of line with a firm so incompetent that they cannot file earnings or SEC reports. Just MHO but I unloaded this stock when they were unable to state the first time they brought these accounting issues to light. Lost some hair but certainly slept better going into DX.
    4 Jan 2013, 06:41 PM Reply Like
  • zoroast100
    , contributor
    Comments (46) | Send Message
     
    The greed & corruption is not limited to congress and the banks
    4 Jan 2013, 09:12 PM Reply Like
  • GlowWorm
    , contributor
    Comments (25) | Send Message
     
    OK Guys, I admit: I'm still long CIM.
    Not because I'm not scared.... a company that doesn't file its K's and Q's has a big administrative problem at least. Probably 1st with its accountant and 2nd with the IRS/listing.
    So why do I still own them?: Because all the world knows this, so its IN the price; their dividend is more than nice and there is an enormous upside when they solve their "administrative" problems.Some mayor "institutional investors" stick with CIM although they are aware of the problem and know more of the insites then we do.
    The only wish I have for CIM is: appoint me as your CFO and let me clear this mess! (Or any other Motley Fool) ;)
    6 Jan 2013, 06:59 AM Reply Like
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