Dime Bancorp Inc (fka DIMEQ)

[philipmax]

Hi ds style1,

I believe that I did a rough calculation last week.

I took the $538M number thrown out by JPM and subtracted $38 as legal costs to Jones Day, who ably ushered this case for twenty years.

I then allocated 15% to JPM, as a successor in this responsibility to WAMU, for marshaling this thru the Courts .

$538M-$38M=$500
$500Mx15%= $75M. Than $500M-$75M=$425M

So, the net is ~$425 Million. This is guesstimate of what is on the table

Now, there were 112,900,000 DIMEQs, and, we don't know how many were cancelled with the exchange offer.

If none were exchanged, than each DIMEQ is worth $3.76.

We know that many were indeed tendered. How many?

If 40% tendered than each DIMEQ= $6.27

If 50% tendered than each DIMEQ = $7.50

If 80% (dream on) tendered than DIMEQ= $18.90

We won't know until JPM and WMIH release the numbers (let's hope they are audited numbers).

I hope this answers you inquiry.

PS. Other may have calculations that differ and are welcome to demonstrate their conclusions. I am guessing here.For best results, do your own DD.