Friday, May 08, 2015 6:25:56 PM
There are 665,592 shares of IMPHP shares outstanding.
If the courts were to lose the their case against IMPHP holders they would owe them redemption value of $16,639,800, and past dividends of about 15.25 per share, or $10,150,278.
Total $26,790,078 ($40.25 per share)
I think us IMPHP shareholders would settle for $25 mil. Think about it...if you were IMH and thought you may lose out on the court case which I think goes to trial this summer, wouldn't you want to raise funds now to offer a settlement?
(Sorry IMPHO holders. You guys voted away your rights.)
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