Impac Mortgage Holdings Inc (IMPM)

[Joe Stocks]

Hmm...raising $25 mil.

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.)