Dime Bancorp Inc (fka DIMEQ)

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Nascow - Thanks check this please.- If we value the wmi newco at 210 mil and equity receives 30% we theoretically have 60 mill $ in new stock to divy up between us and wamu. By the POR - The amount estimated by the Bankruptcy Court as the maximum amount in which the Disputed Claims relating to the Dime Warrants may ultimately become Allowed Claims times the per share price of Common Equity Interests on a date established by the Bankruptcy Court bears to the market capitalization of all other Common Equity Interests (as determined by the Bankruptcy Court using such same per share price)

So, 350 mil times 5 cents(price wamu) is about 17 million. wamu market cap is about 100 mill. we are about 17%. 17% of 60 mill is 10 mill or about ten cents per dime. That's .10 "worth" of new stock.

If we get 1 share of wamu we're obviously screwed.

Does that make sense? Not fair but does that make seem to follow?

We should be getting 7 billion shares of wamu but that can't happen.