Catz, I'm neutral, but based on the math it's a negligible reduction. I think, with fuzzy math its only like a .75 share less or so. Some of the math experts can give an exact number...

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Well you did name that person...damn shame! Don't be subliminal...:)

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It would just reduce it I believe so if its an 80/20 split...dime still gets it's 8% AND commons would get like 18.5% or something...this is fuzzy math some one can actually do the real math.

Nice to see ya lurking with me Diane...

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DIME settlement...wonder what it is...looks like those who lost big on dime the last couple of days should recover nicely and commons only threat is an APR issue (i.e. TPS). So wonder who will pony up to settle with TPS!

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Ummm no one caught that LTW has a settlement now reached last night...filed with the court today! WOW TPS now remains the only odd man out!

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Not entirely sure, its possible you could receive a ballot! But You may have to ask someone more qualified to answer that question. Do others have thoughts or answers.

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FEB 9TH IS NEW VOTING AND RECORD DAY PER DS IF I READ IT CORRECTLY.

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I posted it earlier it's in footnote 12 on page 31-34 in the DS!

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Chiron,

Isn't it 2/2?

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They are voting shares! Feb. 2nd is the cut off date. Read the DS...

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Not quite sure if that's correct with regard to your last paragraph, I think you would have to call and figure out how to vote those extra shares or grant releases for them.

So I'd think the safest thing to do would be to accumulate what you want and not add any more once you've voted or wait till the 2nd to vote all your shares that way there are no issues. BWTFDIK...

But I'm curious to hear what others think re your second paragraph.

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right I was correcting Don...

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This is footnote 12 in the DS that explains that a security brought after 1/6 is still eligible to vote. If I'm reading this correctly. As the Securities record date is Feb 2nd. Not Jan. 6th!! its all on pages 31-34 in detail.

It says it int he disclosure statement with some clarity. There is a footnote that says holders buying after the 6th will still be able to vote. Also the 6th refers to some mailing date of record for the other classes. I'll try to find the exact language and page, but it has been posted.

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Not true Don...you can still vote with shares brought after Jan. 6th. So you have until Feb. 2nd (I believe) and releases must be given by Feb 2 as well. than I believe the shares will be locked.

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interesting, well if it is folks can't move from commons to Ps if they wanted to. hmmm...makes one wonder!

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hmmm is the record of date still the 6th? So anyone buying next week won't be able to vote or grant releases? Correct?

For clarity...

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He still can be St. Diamond, as no one really knows what the value is and what we are getting...so until were out of BK let the speculation continue!

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No truer words have ever been spoken!

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This to me is huge and if there are a sh&#$ ton of assets being hidden as many of us believe and some proclaim then those and the value behind them are untouchable for the creditors. Couple this with the fact they won't be able to meddle in the business for their own self interest. This seems like something we should all like and feel somewhat better about. but to each is own...

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DM was this the extent of your conversation and can you please put in quotes Edgar's exact words to distinguish from your own...

Thanks

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Okay, now if the worst dilution of 96 to 1 happens and the newco emerges at 100 that means the value of the commons you held before the split were worth 1.00. So it really depends on how you look at it and what the value of the newco will be....these are things that no one knows, which is why i don't understand all the disgruntled remarks nothing has been carved into stone.

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Right, which is why I don't think there will be much dilution...but I don't know all the details. Hell the LTW didn't have them as equity either...yet here they sit as equity based on the Judges ruling...I'm just saying.

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Correct! And I'm assuming that it would be 1 LTW to 1 WAMUQ, but others say the 50/50 split. But I agree no one knows, but the EC and hopefully they provide some clarity. Oh well this is the risk we have all accepted so I'm in wait and see mode...but with the Us not tanking it tells me there is more than meets the eye...Objections are due soon and those that are filed could help fill in the blanks...

Thanks

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I don't BELIEVE DIME's dilution is that much or significant. There are only 110 or 115 million shares. So based on early calculations the dilution would make it go from a 1:28 conversion to a 1:30 conversion. Not sure why people have gotten so crazy about DIME being equity. If I'm wrong please provide me with the break down with numbers on how DIME heavily dilutes commons. I could very well be wrong, but no one has shown a breakdown and how DIME would make a huge difference in the conversion. Cause it would simply be based on the number of DIME shares correct? BWTFDIK

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:)

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LOL SHE DID, but did she mean or say which Tuesday or this Tuesday....

:). Hi Ilene.

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He sure does on a very quick and short read!

it doesn't just making sure...LOL

back to lurking my math is getting clouded and fuzzy!

165.00? or...

whats 33 billion divided by 200 million? :)

strike i may go, but dont wanna waste, gas and money if this is a non event...what's the mediation letter about?

THanks

Slowly coming out of back in lurking mode..

ummmmm there is a hearing tomorrow! Please dont cause a panic or heated debate over nothing!

TIA

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I asked the same question and got a figure of 115 million, which when I did the math did not create that much dilution it went from 28:1 to 30.3:1. I asked folks to correct me if I was wrong, but no one did, so I assume this is correct and is not that much of difference...but I'm not expert.

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Great point...this is a "DRAFT." If you go back and read the original poster that contacted Sargent, in the qouted response via email Ed. Sargent says that he had expected a draft letter from the EC on the terms and such to have already been filed. So with your point and the lack of a date and signature validates that this is a draft and is subject to change. I'm not saying that it will or won't just saying that this is a draft.

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Only if the newco comes out at $25 dollars a share as has been stated in previous conversations and such on this board based on SNH/confirmation!

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Even if dime dilutes and lets say that it's 50:1 (worst case scenario) and the newco is valued at $25 dollars (Based on previous PORS) hell that means right now commons are worth .50. I mean all in all its not what we wanted, but it's still better than zero! Just my two cents...

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So quick math says that if DIME is included instead of it being a 28:1 conversion it would be 30:1! Someone correct me if I'm wrong...

Thanks.

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Uz how many outstanding dime shares are there and what would the conversion rate be if DIME was lumped in with COmmons. I havent seen any analysis, but if I know the outstanding shares for DIME i can do some quick math..

Thanks.

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A "Draft" would be filed today! According to that poster!

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