Replies to post #6317 on Dime Bancorp Inc (fka DIMEQ)

[philipmax]

Linda,
I think that what was meant by this was that DIME/WMI could use the 15% proceeds from the Award for any corporate reason whatsoever.

As opposed to having to use these proceeds for , say, repurchase of their own stock (which possibly may have been diluted by the issuance of shares to the LTWs).

So, this was to ensure that there is no strings attached to the windfall of 15% of approx $60mil (example:if the Award was $400mil).

Really not so important for LTWs to be concerned with.