Replies to post #6291 on Dime Bancorp Inc (fka DIMEQ)

[philipmax]

I just followed the formula that Errette put out.
Even though, if Newco is worth $210 Mil. and Ltws get 8.77%+/-
(depending on Senior Note Holders conversion to stock option + $1Mil)= SQUAT

Say, $18Mil/113Mil Shares of LTWS ~$.16 for each LTW. (Range of $.12-$.22)

Compare this to $337Mil judgement Awarded in Federal Court,plus Tax gross-up adjustment (pending) of $62Mil+/-, plus a possible interest adjustment from date of Award $25Mill~$424 Mil Mil/113~$3.75-(15% Shepherding cost $.56)- ($.05 Legal Expense)= per LTW. (Range of $3.00-$3.15)


It looks like the LTWs are getting 5% of their fair value if the Stipulation gets approved.

Are we getting SHAFTED or WHAT???