Impac Mortgage Holdings Inc (IMPM)

[Joe Stocks]

Thanks, CatBirdSeat! It has been a awhile. I hope you are doing well!

It took too damn long for me and I got out a year or so back. I simply had too much crap in my portfolio at the time and felt I could invest the funds in something with a better risk/reward ratio. I got in early so I did alright.

Basically this boils down to the IMPHO holders voted to accept the sucky terms of the tender offer, and IMPHP shareholders did not. I don't see putting money into IMPHO. They dug their grave. The terms of the tender offer are very clear. They basically just have liquidation rights. If it gets to bankruptcy (which I doubt) more than likely the bondholders will get everything. I don't see any reason to own IMPHO or IMH. The payout to IMPHP holders I tyhink should put a pretty good dent in earnings. That said, I have not looked at IMH for months...perhaps years. I do think that IMHPO should at least be on par with IMH common at minimum. But, the market doesn't see it that way.

Is there anyone that can give me a link to a copy of the judges ruling? It would be most appreciated!

Happy trading, Joe