Impac Mortgage Holdings Inc (IMPM)

[loobeyondbm]

You are absolutely wrong.

The lawsuit is to reverse that event - so both preferreds stand the same result. There's no distinguish between B and C preferreds. Timm is suing on behalf of both B and C preferred owners. So it's nonsense that people argue B would do better than C with favorable lawsuit result.

The argument is whether the tender offer and contract change stand. There's no 2 separate votes by each preferred, the company even urged owner to vote together if owned both B and C preferreds. It's so clear that I don't bother to argue further on this issue.

The investment in preferreds is ultimately a bet on the success of the company.