IndyMac Bancorp,. Indymac Bancorp Units (fka IDMPQ)

[romang]

that 1.5972 exchange rate for pref is if the common stock is trading higher 34.49 range that will be uped big time

besides i believe they will get 50 bucks a share

the pref are in great shape.

The warrants allow the holder at any time prior to the maturity date of 9/15/2031 to purchase 1.5972 shares of common stock at an initial exercise price of $34.49 per share, increasing on a daily basis up to $50 per share at the warrant maturity date of 9/15/2031

this is the key
increasing on a daily basis up to $50 per share at the warrant maturity date of 9/15/2031