Dime Bancorp Inc (fka DIMEQ)

[jmbell42]

Linda,

Anything is possible, but if we are deemed Class 18 by the judge, then I think that it will be a tough sell to simply state that "We decided to abrogate Absolute Priority and Manufactured a class of securities (Class 18) that mysteriously had 0% payout. Oh, and the LTWS just happened to be in that class.. Oops... too bad, better luck next time."

Maybe it's just me, but I don't think that this would reflect well on the judge or on this bankruptcy to go with that. I also don't know how an appeals court would view that one.

I think that we need to keep in mind that these are the same Debtors that have basically just been throwing the proverbial "excrement on the wall" at every turn just to see what they can get away with.

I remain unimpressed. I also remain relatively unconcerned until the Judge rules on our standing... then I will be concerned, if concern is warranted.

I also noted that there is a lot of verbiage indicating that all classes payouts can be altered by the court at any time... thus, they're basically saying this is their draft of the POR, and if past is prologue, then we will most likely see a revised PORv7.

Best,

Jared