Replies to post #3573 on Dime Bancorp Inc (fka DIMEQ)

[loginusername]

How long will the stock process take? To receive tradeable shares of new wmi? BK?

If we are classed as equity it's true that we'll be close enough to zero that liquidity won't be important.

Class 12 liquid stock, though, will be trading somewhere near cash value, discounted obviously for time.

The stock option has the allure of an even bigger home run. But it also adds uncertainty. Just in case there hasn't been enough already. I think odds are that it will trade higher than our value will be, but it's not certain.

I'm going back and forth. I've been making sales for some time and I may choose stock with what's left. Although I just remembered etrade wants an election by the 6th, which is ridiculous.

[MrchntDeth]

I agree that it's "kinda irrelevant."

Kinda irrelevant, so long as you don't mind having your shares tied up from May 13, 2011, through the 1st of who knows when?

Remember that the lock-up begins mid May. The Confirmation hearing is not until June 2011 AT THE EARLIEST. Remember back in January when the LAST attempt by these SHYSTERS to rip us off was denied? Ask the people who locked up their shares how long they were LOCKED-OUT from access to THEIR own property. Even after the plan was D.O.A.

My hunch is that it wasn't "kinda irrelevant" to those shareholders.

Besides, even if I believe in rainbows and unicorns, this issue will NOT be resolved until the adversary proceedings in September (hopefully, of this year), when we see whether it's Hosen or Steinberg that carries the day - my money has been and remains on Steinberg.

Oh, and let's not forget about appeals. You ARE AWARE, aren't you, that judge mary (lowercase), is NOT the end-all in this case. There WILL be appeals, based on her injection into this case as judge AND witness AND as an expert (all on behalf of her little golden boy, Bri-Bri, (don't cry) Rosen).

You're deluding yourself if you think that this case is binary (at least for now). Think more along the lines of a 4 dimensional, 10 layered chess game against a robot, a thief, and a cheat.

Or better yet, think along the lines of playing 3-Card Monte against this crew - not binary or even trinary. The game is easy, but Rosen can keep winning as long as he's allowed to cheat and use slight of hand.

So, feel free to lock up ALL of your shares. My family is only going to lock up 1/7 of our combined shares.

JMVHO

YMMV