Replies to post #5960 on Dime Bancorp Inc (fka DIMEQ)

[philipmax]

Therefore, there was no "trigger" and there won't be any in this Court.
The "trigger" concept is moot here. If she approves POR7, ltw contract is nullified. We get newco stk.

[linda1]

Thank you - that's not what I was referring to though. What I meant to say is that the value of the LTWs upon a Trigger Event was based on the ADJUSTED STOCK PRICE. Here is what the Prospectus states -




' Upon the occurrence of the trigger, you will receive the right to purchase

your pro rata portion of an amount of our common stock equal to the adjusted

litigation recovery divided by the product of (1) our adjusted stock price

multiplied by (2) the number of LTWs issued and reserved for issuance. When you

exercise your LTWs, you will be required to pay an exercise price equal to

$0.01 per whole share of our common stock you will receive as a result of that

exercise. In the case of a reclassification, reorganization or combination by

us, the exercise price formula will be adjusted. See "Description of the LTWs--

Adjustments" beginning on page 17. "