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jackfburns

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jackfburns

Re: rockie101 post# 346282

Wednesday, 11/23/2011 11:03:27 AM

Wednesday, November 23, 2011 11:03:27 AM

Post# of 735713
Rockie: I'm not an expert on Dime, so please keep that in mind..

My computation assumes $300 million is given to the preferreds to split amongst them... If so, P's would be worth $40/share. (assuming $7.5B in preferreds)

I don't know how close preferreds are to seeing their first dollar, however, so some of that $300M might need to go to making up a shortfall.

Hope that helps.

Jack
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