Dime Bancorp Inc (fka DIMEQ)

[marayatano]

That should read 'a huge impact on wamuq'. The best that could come from mediation for equity is some extortion from the SNH's. If Dime gets the shaft, they will take whatever equity 'thinks' they will get in a settlement.

The thing with mediation is.....that the debtors can come back to the court and say "judge, we've had arm's length negotiations...the EC had it's chance, now we're gonna cram them down".

Look up the case law folks.

Maybe, just maybe, the debtors will issue some worthless warrants to get releases.

Not really a huge impact on wamuq because Dimeq being Class 12, 18, or 21 does not change the fact that wamuq is still last, unless Dimeq has no claim, then it would impact wamuq under a waterfall.

As for "extortion" (as you called it) of equity from SNH and then Dimeq taking away what equity/SHN negotiated, that is backwards thinking. An agreement was made, how is Dimeq going to take away from an agreement?

As for debtors saying mediation failed, and debtors does a cram down, then it does matter where Dimeq is placed in the waterfall whether Dimeq gets paid or not, not wamuq as it is still last.

Bottom line: Placement of Dimeq does matter, Class 12, 18 or 21, in both a cram down and settlement.


"Look up the case law folks."

imo