Dime Bancorp Inc (fka DIMEQ)

[philipmax]

Several issues still unresolved:

1)How many DIMEQ LTW units are still not exchanged for WMIH?

I have read someplace that the number xchaged could be as high as 80% +/- or ~90 million, leaving ~30 million outstanding. Also read some estimate that only 25% xchanged, thus leaving ~85 million LTWs outstanding. Taking a medium of ~57 million outstanding, could be a good GUESSTIMATE. Then again...maybe...I'm completely wrong on all of the above.

2) What if WMIH claims that the acquired LTW are still uncancelled and in inventory?
That leaves us back ~112,900,000 LTWs still outstanding.

3) JPMC could still interlope our due, thus necessitating another ugly (costly) court battle?

If 57 mill is divided into $380 mil = $6.66/LTW

The final Award with tax gross-up may be even greater.

All of above is my own preliminary numbers and are just MHO.

We have more to go, so stay away from Las Vegas for a spell.