Replies to post #3786 on Dime Bancorp Inc (fka DIMEQ)

[bluebird50]

This might be advantageous?

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63948614

?seems like he is well versed in bankruptcy as well......

[Madclown]

No worries bluebird, i'm not upset in any way. I should have used an "lol" somewhere. I don't get emotional with investing unless and until I have to get active on the court docket and then I let it all hang out. I prefer a good spirited debate now and then to test ones own convictions and I do love a contested and adversarial bankruptcy case.

I was only "testing the waters" by posing my earlier questions.

Best regards.

[wall_street61]

People generally misunderstand the concept of 'fiduciary duties'.....and sometimes those people are actually serving on an official committee. The reason the ltws would benefit from an official committee are many fold. What may be a acceptable deal for compromise with the funds running the show, may not be in your best interests. Of course you think they will treat you right, but they can just walk. LTW owners at this point are just riding coattails. The EC is foolishly looking over the ltws as a non-issue and the creditors committee isnt doing much either. The fact is that unless an official committee is appointed, to represent a set of interests that, by comparison, is larger than the entire value of a lot of bankruptcies, then you are relying on a couple of hedge fund bean counters leaning back in their fancy swivel chairs wondering when to make a decision to cut a deal and stop the legal fund bleeding.

An official committee takes that decision out of the equation and hopefully you can get some pee-ons on the committee that can sniff out a hi-jacking of the process,,,,which can be easily prevented in carefully crafted bylaws.