Dime Bancorp Inc (fka DIMEQ)

[linda1]

.001 is equal to 1/10 of .01 - which means you received a little less than 1/5 of a cent per LTW - .002.


According to the AGREEMENT $ 9 M in cash was to be paid to the LTW Holders - plus about 3.5 Cents in new WMI stock.


First though, the Attorney Fees - which amounted to about $ 3.1 M - had to be deducted. That left about $ 5.9 M that was to be distributed to about 113 M in O/S of LTWs.


$ 5.9 M divided by 113 M = .052 or about 5.2 Cents a share in Cash.


I can't recall all of the Options but if you chose both new WMI stock and Cash then you should have received about 5.2 Cents a share in Cash and plus about 3.5 Cents a share of new WMI stock.


If you chose just Cash only then you should have received about 8.5 Cent a share in Cash.


If you chose just new WMI stock only - I don't recall if this was an option - then the cash you just received was just probably what was left over in the ESCROW account.


It is FRAUD if WMI has not fulfilled its payments to the LTW Holders under the AGREEMENT - and if I were you I would phone ART STEINBERG and discuss the matter with him if you chose cash or new WMI stock and cash - and only received about 1/7 of a Cent per share of Cash.