Dime Bancorp Inc (fka DIMEQ)

[mrholty]

Yep. listened for a while. Had to drop and came back on.

Some strong positives were made but there was a point where the judge seemed to be pretty swayed that the LTW accepted two forms of risk
1) risk of winning the case in court - which they did
and
2) risk of being paid in equity. They seemed to hit a nerve showing that they was also equity return. Somewhat equated to a true-up or floor. Basically saying the DIMEQ holders will take stock but if equity falls out we want cash instead but if equity rises we get to particpate in the upside there as well.

Listening to the case gives you a very different take than just reading the motions. Before I felt very confident, now less so based on the judges questions. I do think we get to the next stage however.