Replies to post #3661 on Dime Bancorp Inc (fka DIMEQ)

[Zilla]

Too much math for me. (LOL) I've done numbers before and I thought it went off of the 30 day moving avg. Which is .045-.05 tops as of this weekend. If the U's get shorted hard to keep the PPS 30 day avg low, then watch DIMEQ be converted and a STEAL IMO. We didn't move and I bought back the ones I'd sold last week to by 200 P's. :-D
Lots of unknowns and a lot of ways to play this. A few months ago I said I believed SHORTY was betting on the DIMEQ conversion and millions of DIMEQ's traded in that .95 range.
Even with your math, if that conversion happened. You could short 30 million U's if you owned 1 million DIMEQ's ;-)
If DIMEQ drops I will continue to add.
GLTU :-D

PS we've got about 2 million SHORTS in DIMEQ as of the end of April settlement. 8-0
We could FLY and I might hold even if it's higher than 3PPS just because of this possibility. ;-)
All IMO of course. :-D

[Bluzie2]

The whole thing is wrong. If the debtors reject the contract in bankruptcy, which is what they've sought to do, then you go straight to damages without converting to shares.

[goldcanyon341]

Maxwin6ft

Your investment analysis is very interesting (see post #3661).
There is an inverse relationship to the price of WAMUQ and what DIMEQ would get. The higher the price of WAMUQ, the worse off DIMEQ is. For example, lets say that WAMUQ stock runs to $.8903.
Using the $.8903 figure in your formula will generate a conversion factor of 1 LTW = 1.726 shares of WAMUQ instead of 30.7342 shares of WAMUQ when the price was at $.05.

Also, the court may add $63 million to the award for DIMEQ.

Your analysis did bring up some else of interest. See the next post.