Replies to post #6626 on Dime Bancorp Inc (fka DIMEQ)

[cubs]

Thanks Linda,

Just followed up with a call to the number you posted.

Rep told me that if I do nothing, I will
receive neither a cash settlement or shares
in the new company. Shares will be cancelled.

If I do follow up
I can choose either one.

cubs

[fbrutus]

The Election Form is pretty clear that if you do not opt in and grant releases by February 29, 2012 you will not be eligible for a distribution.

No, you do not have to do either ; in or out;


The way I read it (page 6) of election form: If you opt in or out and shares are tendered they will no longer trade.

If your shares are not tendered you will not be entitled to a distribution on the Effective Date and …..treated under Sect 31.6(c) of the Plan ( I believe it says somewhere in there, 1 year to give releases).
If you do not opt in or out you will be able to trade your warrants (also repeated on page 7)
Meaning they are not cancelled and will trade and you are still able to give releases for up to one year from effective date, but will not get stock only cash portion.