Dime Bancorp Inc (fka DIMEQ)

[linda1]

1. $ 9 M in cash for Class 12


2. $ 10 M for Class 18 - no recovery is expected


3. $ 5 M in New Stock for Class 21



Disregarding 2. the total recovery is $ 14 M - subject to a possible reduction by $ 3.2 M for legal fees if the Attorneys are not successful with an application to be reimbursed from the Estate.



$ 14 M divided by 113 M O/S of LTWs = .12


$ 10.8 M divided by 113 M = .10


If Class 18 receives a recovery then the value of the LTWs will increase to .18 or .21 cents.