Author Topic: DIMEQ - Dime Bancorp Litigation Tracking Warrants  (Read 14394 times)

Josh4580

  • Lifetime Member
  • Full Member
  • *****
  • Posts: 240
DIMEQ - Dime Bancorp Litigation Tracking Warrants
« on: January 10, 2011, 08:37:09 AM »
Currently trading for $0.83 and most likely worth $2.40-$3.00 in the next Plan of Reorg for Washington Mutual.  Best source of information for this tracking warrant is at Investors Hub DIMEQ stock board at http://investorshub.advfn.com/boards/board.aspx?board_id=4907 . This is my favorite pick right now. 

There is a write up recently posted on SumZero that is a good read.

One should read the most recent opinion of Judge Walrath in her rejection of the most recent Wamu Plan.

http://www.kccllc.net/documents/0812229/0812229110107000000000007.pdf

-seach in that document for LTW to find the relevant sections

This could be the easiest money you make for 2011 IMO


damianolive

  • Newbie
  • *
  • Posts: 17
Re: DIMEQ - Dime Bancorp Litigation Tracking Warrants
« Reply #1 on: January 11, 2011, 12:23:38 PM »
Josh4580,
Interesting idea. What makes you confident that this will get treated as a creditor claim rather than an equity claim, as proposed by the debtors? Is this a decision that the bankruptcy judge makes? I see the logic behind the creditor claim argument, but do you have any insights regarding the legal intricacies of how this decision is made? Also, any view on the likelihood of a settlement from the debtors/JPM?

Thanks

nodnub

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 535
Re: DIMEQ - Dime Bancorp Litigation Tracking Warrants
« Reply #2 on: January 11, 2011, 02:23:06 PM »
shalab,

have you been following this?  have you listened to any of the audio recordings of the court proceedings?
--
it's pretty interesting

netnet

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 942
Re: DIMEQ - Dime Bancorp Litigation Tracking Warrants
« Reply #3 on: January 11, 2011, 02:34:43 PM »
How do you handicap this thing?  What are the probabilities of getting paid, over what time frame.  This thing has being dragging on for many years.

-Netnet

shalab

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 1157
Re: DIMEQ - Dime Bancorp Litigation Tracking Warrants
« Reply #4 on: January 11, 2011, 04:33:04 PM »
shalab,

have you been following this?  have you listened to any of the audio recordings of the court proceedings?
--
it's pretty interesting


There is more drama in this than desperate house wives  ;D

alpha23

  • Administrator
  • Sr. Member
  • *****
  • Posts: 257
Re: DIMEQ - Dime Bancorp Litigation Tracking Warrants
« Reply #5 on: January 13, 2011, 11:39:45 AM »
I've gotten through most of the documentation from the court proceedings on this one. Seems like a good risk/ reward ratio with seemingly high potential for a 3 or 4 bagger. DIMEQ is a significant obstacle for the defendant, but small enough that they are likely to deal with them expediently. That said, the time frame for this is anything but clear. Even if its 2 years, it is a superior ROI at 3x current price.

Thanks for the idea Josh4580

misterstockwell

  • Guest
Re: DIMEQ - Dime Bancorp Litigation Tracking Warrants
« Reply #6 on: January 14, 2011, 10:30:34 AM »
There is a write up recently posted on SumZero that is a good read.

 

Josh--do you have a link to that?

cman

  • Newbie
  • *
  • Posts: 31
Re: DIMEQ - Dime Bancorp Litigation Tracking Warrants
« Reply #7 on: April 12, 2011, 05:57:04 AM »
I have a clerical question... once the warrants are purchased, does one need to file a claim with the bankruptcy court or is that unneccessary because of the broadbill class action lawsuit? 

prunes

  • Lifetime Member
  • Sr. Member
  • *****
  • Posts: 306
Re: DIMEQ - Dime Bancorp Litigation Tracking Warrants
« Reply #8 on: April 12, 2011, 08:04:57 PM »
I'm new to DIMEQ. This litigation has been kicking around forever. Why should we expect value to be realized anytime soon?

alpha23

  • Administrator
  • Sr. Member
  • *****
  • Posts: 257
Re: DIMEQ - Dime Bancorp Litigation Tracking Warrants
« Reply #9 on: April 12, 2011, 09:14:22 PM »
They are currently in mediation (started last week), the results of which are due on June 6th.