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What we said on November 11, 2012:
Imperial Holdings full presentation
What happened: On April 30, 2013 IFT secured a premium funding facility and brought on to the balance sheet assets previously classified as contingent assets. Book value doubled overnight. The stock rose 80% in a couple weeks, to $7, double our cost basis.
We sold our entire position in the third quarter of 2014.
What we said on November 11, 2012:
Imperial Holdings full presentation
What happened: On April 30, 2013 IFT secured a premium funding facility and brought on to the balance sheet assets previously classified as contingent assets. Book value doubled overnight. The stock rose 80% in a couple weeks, to $7, double our cost basis.
We sold our entire position in the third quarter of 2014.