Still confused ...
CWG, thank you for referring me to your exchange with the person at KCC. Unfortunately, I am totally confused, still.
In your communication with David at KCC:
DIMEQ will receive:
Pro Rata share of 8.77% of whatever percentage (if any) that Common Equity Interests get under the Plan. Common Equity Interests are currently slated to share 30% of Newco but this is subject to Court approval; Class 21
Pro Rata share of ($9.0 million less approximately $3.2 million) on account of the allowed Class 12 Claim; and
Pro Rata share of a Class 18 Subordinated Claim, up to $10 million, which is currently viewed to be out of the money.
So if DIMEQ is already receiving 8.77% of 30% in stock, why is there a choice for Runoff Notes and then another choice for stock?
You are telling me that is for the Class 12 cash share of $5.8 million, but I will receive the Class 21 stock anyway if I make no election?
Sorry to be such trouble, but this is confusing. The other securities are relatively clear, but Dime is not.
Then you showed what David suggested:
DAVID at KCCLCC:If the settlement is approved, it will be your pro-rata share of the cash on account of the Class 12 claim. If you simply wish to maximize the election, write "ALL" in the $ area and the maximum will be calculated by the bankers.
I am still unsure as to what should be entered in the spaces provided. What are you going to do? ALL in the first space and then what in the pro-rata space?
Thanks!
Chessman
