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jmbell42

05/02/11 9:02 PM

#3567 RE: BKfinancier #3566

BK I'm with you: Either (1) take the stock option and send in the Ballot or (2) just wait it out.

I'm personally very torn. The investor in me wants the stock, but I'm loathe to give these guys their releases.

I'm still leaning toward the stock, however. It stinks that my shares get locked up....
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MrchntDeth

05/02/11 10:39 PM

#3570 RE: BKfinancier #3566

My wife owns 2,500 DIMEQ's in an IRA; she's sending the Election Form (and Release), asking for 100% of her payment in NEW COMMON SHARES. These shares will be "locked up."

I, on the other hand, own 15,000 DIMEQ's (in a taxable account),and will NOT be returning the form back, and certainly NOT granting any release, and more importantly, NOT locking up all of these 15,000 shares.

NOT EVEN AT GUNPOINT!

If/when we move up to Class 12, my payout will be 100% CASH.

Thus, if my wife and I were to "combine" our accounts, it is as though "we" are both submitting the Forms/Releases, and asking for a combined 14% payout in new common shares between the 2 of us.

BUT, the Release (and lock up), will only apply to those 2,500 DIMEQ shares, as my wife and I are two different people with 2 very different types of accounts.

I highly recommend other couples consider this type of "split-voting" (especially if you only want some payment in stock and/or if you do not want to grant releases and/or lock up your shares).

JMHO

Ps: The releases for the DIMEQ's are not particularly relevant. If we move up to Class 12, we get paid (Cash and/or Stock); if we stay at Class 21, there is no payment, but therefore, NO RELEASES, as there is no consideration. The Releases being granted in this Form are CONDITIONAL on our being moved up to Class 12.
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Zilla

05/03/11 1:23 AM

#3572 RE: BKfinancier #3566

Unfortunately I flipped my shares from my ROTH IRA to my trading account before I got my paperwork. So I can't lock those shares. So I won't vote at this time and I'll keep my paperwork here.