August 15, 2016
GOLD keeps moving higher: we own GGN.
(Movies: Florence Foster Jenkins. What a hoot. Must See Movie of the Year.)
(Caution: There is obviously funny business going on with this issue. Place a limit order at $25.08 but we will not pay more than $25.15)
We are placing a Buy Limit order for new issue GLLTP today for a trade. We will attempt to buy under $25.15 and will probably not pay more. This may move upward quickly, (within thirty days) due to the extreme demand for interest bearing positions and we plan on selling when it gets closer to $26.00. This is a temporary ticker. GLLTP is interest rate sensitive so beware if they hike rates substantially, which we do NOT expect.
QUANTUMONLINE.COM SECURITY DESCRIPTION: Gladstone Land Corp., 6.375% Series A Cumulative Term Preferred Stock, liquidation preference $25 per share, redeemable at the issuer’s option on or after 9/30/2018 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 6.375% per annum ($1.59375 per annum or $0.1328125 per month) will be paid the last day of each month to holders of record on the record date fixed by the board, not more than 20 days or less than 7 days prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). If the issuer fail to redeem or call for redemption the Preferred Stock pursuant to the mandatory redemption required on 9/30/2021, the dividend rate on the Preferred Stock will increase by 3.0% per share per annum to 9.375%, until such shares are redeemed or called for redemption. If a Change of Control Triggering Event occurs, unless the issuer has exercised their option to redeem the Preferred Stock, holders of the shares may require the issuer to redeem the Preferred Stock (see prospectus for further details).
Wow can you believe this. From investyourself.com:
Hillary also pushed the idea of making gun makers and sellers liable for guns which end up being used in crimes. As her rival Bernie Sanders, of all people, has explained: “If somebody has a gun and it falls into the hands of a murderer and the murderer kills somebody with a gun, do you hold the gun manufacturer responsible? Not any more than you would hold a hammer company responsible if somebody beats somebody over the head with a hammer.” You Go Bernie. you might be a deluded Socialist, but at least you understand basic logic.
Yes that’s right folks. Hillary says that if you buy a gun legally from say Smith and Wesson, and it’s stolen from you and someone kills someone with it, S&W is liable. That’s pretty much insane, yet is her Stance.