Dime Bancorp Inc (fka DIMEQ)

[mrholty]

Linda-

The Piers chart that your are referencing I think if I am looking at the same one was 32% (minor quibble). However that amount is assuming that at the current time while the amount for the Dimeq is the $337M it currently sits down in class 20. Therefore if it gets moved to class 12 then 32% goes to pretty much zero.

Many people, myself included thought that an FJR ruling would increase the value to WAHUQ. Luckily I was out of the stock as I felt the share price was close to full valued based on POR and delays for implemention and TVM and felt there was better opportunities elsewhere (DIMEQ).

The only strange part to me with regards to the WAHUQ security is the stock cratered when someone realized that any recovery would be lost to SNH and the stock cratered about $500M or close to the value that would be lost to SNH, however Senior notes also dropped by $500M of notional value on the FJR ruling. One of these is wrong as the market stated the WAHUQ would have to pay back the SNH per their contractual terms but that the SNH would not get the money. A strange disconnect in my mind.