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Impac Mortgage Holdings Inc. Message Board

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  • shkgrad shkgrad Jul 27, 2011 5:49 PM Flag

    IMPAC HDDEN DEBT- PFD STOCK

     

    Not so sure they are worthless. The offer was $.27 and now the going price is $.40 or so. They also stand in the way of IMH issuing any new preferred series without taking care of the dividends or $25 face value for these preferred. Of course, BK puts these at the front of the line, after those with seniority. JMHO.

    I have a few. Took the overdue dividends but did not tender the shares for that .27. Why would I?

    They are trying to earn their way out of this and I commend them for that.

    This topic is deleted.
 
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