I can explain this very briefly for you all.
The first 9M or so is going to be paid out--equals 8 cents or so.
The second tranche is a general unsecured claim (class 18 in the BK) and includes a rogues gallery of players that are very lawyered up and is somewhere between 250M and infinity in size (some very large claims are now trying to get back into that class since equity got a foothold). The value flowing through that class is related to litigation by the litigation trust and is very uncertain (JPM and the FDIC are being released and those are the deep pockets).
So of that tranche, expect minimal value.
The percentage of newco is based on a number of factors, not least of which that if the preferreds vote no, the common receives nothing. If the vote passes, common may go up in value but it will be slow, since there will be no real assets left except for 75M in cash and a corporate shell with a very large NOL that cannot be bought outright.
I would peg the value at 10 cents if the common receive no newco and perhaps 13 if they do.
Disclaimer: I held a large position of DIME that was crushed by the judge, averaged down at 8.5 cents, and have now sold my entire stake due to the nature of the potential recoveries.
Gib