Bimini Capital Management Business Update Call Transcript

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2009-01-09 05:50:39.0

Tags: Seeking Alpha, Bimini Capital Management Inc.

Question-and-Answer Session

Operator

(Operator Instructions) Your first question is from David Brooks - MidFirst Bank

David Brooks - MidFirst Bank

I just want a couple of things. First, there may be some concerns by participants that they participated on the Interlink about disclosure, maybe identifying themselves. Is there a way to, if they post comments that they can either choose to have their, identifying feature be posted along with it or not?

Robert Cauley

When you say disclose, disclose of who?

David Brooks - MidFirst Bank

Well like, if someone posted a comment out on the Interlinks, is there a way that they can choose whether their name appears along with that?

Robert Cauley

Yes, there is. I can mask that. I think there is a lot of capability with the software to control the identity. Even my own; I can post things out there without having anybody knowing who it is. So, yes there is a lot of capability with respect to protecting the identity of someone who has posted the information.

David Brooks - MidFirst Bank

Okay and the other thing is I just would encourage everybody to participate. I think it’s in everyone’s best interest and it includes also Bimini in that, but also the PreTSL holders were all the way down to capital structure in kind of trying to prevent more hazards and setting up PreTSL for future deals. If there is something else to come along, at least we can draw on some, because as everybody knows in the PreTSL, there is no acting clever manager and it maybe that PreTSL holders are required to have this situation come up again and it would be nice to only test some type of framework or structure to fall back on to expedite these things.

I think it allows the members to understand what’s going on in the process and kind of the valuations or how things were arrived at as opposed to just receiving notifications from Bimini that there is an offer. That allows them to have a bit more say in what it is, the situation that can be come to some kind of conclusion. You’re probably going to get a lot more response and a better success rate. So, I would just encourage everybody to participate whether you want this deal to succeed or not and let other members know that.

Operator

(Operator Instructions) Your next question comes from [John Wiscamp – Black Rock Bank].

 

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