Dime Bancorp Inc (fka DIMEQ)

[philipmax]

Wallstreet61 good analysis of the POR position. This is definitely NOT a 510(b) classification and we are NOT getting the right allocation of stock even if we are classified as equity (which Steinberg disagrees).

So, going into Mediation, Rosen hasn't got a leg to stand on. Remember that Art wanted a cash payout rather than watered down stock (being shoved our way).

IMHO I agree with fourcentsona$1 that we would have to be reclassified as class 12 and get a cash settlement. But here again, Art claims that our true worth is $600m (~$5.00 per ltw), the leverage is that HMRW is clearly on Art's side (are there any doubters still?). I'd say that walking away with $337 net is not out of the question and very plausible.

And the screw takes yet another turn. On Monday, it looked bleak at $.31 recovery, I hope that by today we are at least back to the $.75 anticipatory level. It could very well break a dollar by early next week.