Dime Bancorp Inc (fka DIMEQ)

[jmbell42]

GPG,

I was just thinking the same thing. Assuming that they put $250 Million on the table from D&O and started negotiating from there... maybe a combination of money from the escrow set aside and some common stock (not too much to anger the commons holders)... maybe take some from the preferred shares' pot a little.

The LTWS might take a bit of a haircut in the short term, but I'd be more than happy to take a reasonable haircut, if it meant that all parties could walk away from this soon and with something in hand. We get most of our money (maybe 85 - 90%) in cash and some stock. The equity classes get to run the emerging company and perhaps we get to share a bit in that.

That would be very reasonable and, to be honest, pretty awesome from my vantage point. Granted I would rather have 100% of the LTW proceeds, but I'd be willing to give a little to get this thing done..

However like Bluzie said though, the Debtors have not shown any willingness to be reasonable and fair with the LTW class, so this would be a definite about-face. What the driving force behind such a rapid turn would need to be substantial (maybe a ruling about us being Class 12).

Of course, I'm relatively optimistic, so perhaps my reasoning is hopelessly biased by my own optimism and confidence of a good outcome...