Dime Bancorp Inc (fka DIMEQ)

[jmbell42]

I don't think that either WAMUQ or JPM stock is truly viable at this point.

As it currently stands, if we get moved up to Class 12 (which we all here believe), then we would get equal treatment with all similarly situated creditors.

That is, we would get rights/warrants/shares in the new company (re-organized WMI).

In the event that Sussman et al. are successful and find enough money so that WAMUQ is in the money, then it changes things but it's not clear how that changes the dynamic. That is, are we honored as per the original warrant agreement, is there a modified agreement, do we remain Class 12, etc, etc.

Regardless, first things first, Steinberg et al. need to battle Rosen to get us into Class 12... then we can happily speculate as to whether we get cash, stock, options, easily liquidated collectibles, etc..

We are certainly doing quite well and I hope our luck holds out! If the inimitable Steinberg has anything to do with it, then we certainly will be successful.

Best,

Jared