Not true, the Preferreds are in a class that is higher than the Dimeq's and they are currently at 70% of the issued commons. So, in essence your Dimeq's willbe fighting with the commons over the remaining 30% of the common shares. That means your Net recovery goes from 337M as creditors to a chunk of the 57M that is left for the commons. Dime's are in a lower class than Preferreds and as such can not jump them just because they are LTW's.
As for the anti-dilution claim, that wa sin force pre-bankruptcy, but in bankruptcy it is the judge who decides what distribution if any, a class receives. Your best prayer and hope (and this is what you are betting on) is for THJMW to rule Dimeq as creditors instead of equity. You stock symbol DIME is now a DIMEQ and that means it is now subject to the ruling of a bankruptcy court judge.
You are not a Senior Note Holder of the Corporation, you are a lower level LTW holder who most likely purchased his stocks in bankruptcy and therefore are frowned upon by this court, just like TPS (Hedge Funds) are frowned upon by THJMW.. You may not like it, but that is life, you bought a BK stock just like most of us, the object is to get "some sort of a return on our investment."
So before you come on here spouting your anti-dilution theory and rhethoric, you better go take a hard look at the classes and the structure and makeup of each.
~Don~
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