Dime Bancorp Inc (fka DIMEQ)

[jmbell42]

Hey BK,

As of now, it's anyone's guess as to how the judge will rule on the LTWs. She seemed to be swayed by the arguments put forth by the LTW counsel, but you never know.

Personally, I think that this is severely undervalued. Based upon the current price, Mr. Market has assigned us a 1 in 6 to 1 in 7 chance of getting a favorable outcome.

I think a more reasonable handicap at this point is more like 1 in 2 or 1 in 3.

Fortunately, the actual Anchor litigation is no longer an issue. We won, the money is on its way, we just need to know how much of a bonus we get!

The only uncertainty that remains is whether or not the fraudulent conveyance of our claims to JPM will be allowed to stand. Clearly, the market is very cynical of justice right now.