Replies to post #3570 on Dime Bancorp Inc (fka DIMEQ)

[BKfinancier]

Your issue with locking share is kind of irrelevant. If we fail to be classified as Class 12 this will drop like a rock. you will be locked in. it's somewhat binary in my opinion whihc is why taking all stock makes the most sense to me. I also have not gone long term and if i take cash or trade out i will have a massive tax liability.

[marty009]

Conditional release.....
Thank you MrchntDeth for your opinion on the release. That is most important in my mind. I want to keep all avenues of litigation open in the event we get zero'd out in the reorganization. I also have two accounts and would like all stock in the smaller of the two. I can't elect in my Roth account because I MUST keep the ability to recharacterize those shares back to their original IRA. I mentioned RECHARACTERIZATION earlier in the year as a possibly good strategy for this situation...seems no one picked up on that.

[george9876]

"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."

Since it is in an IRA and pays no tax why not take cash? I, maybe incorrectly, thought the shares were to avoid capital gains tax. Is there a financial statement for the proposed shares? What are they shres of?