Dime Bancorp Inc (fka DIMEQ)

[loginusername]

Bluzie - good analysis.

" it may be to Broadbill's advantage to drag us all along,"

The fact that Steinberg bothered to ask what Rosen's intentions were tells me that he has some interest in including all holders. The tone of his voice seemed to me that he was surprised and disgusted that Rosen would stoop to trying that. Rosn tried to weasel out of the question but the judge stuck it to him.

I can't imagine that they could apply a ruling to Broadbill and not all holders but that does seem to be what WMI intended.

I know I'm reading too much into a few garbled voices, but I got the impression that the judge thinks Broadbill has a good argument. She seemed to respect what Stein had to say and treated Rosen with contempt.

As far as dragging us along goes, I think that any investor in this has shared ideas with others, put others into it or been put into it by someone else - I have friends involved. I know all of us here would include everyone rather than acepting a side deal and screwing everyone else. Of course this is money we're talking and I wouldn't expect Broadbill to rack up legal fees on my behalf. Hopefully there's a more concrete reason than that.

Good comments here