Tronox Inc. (TROX)

[Madclown]

CRTC is CRT Capital. They issued a professional report on Tronox Bonds on March 2, 2010. Within the report they stated that "Equity may be becoming relevant in this case". They also mentioned that the Debtors had been working with the EC to incorporate the equity into the existing plan framework. If you are seeing CRTC on the BID then that may tell you something.

Anyone involved in WAMU circles may possibly be aware that CRTC has been covering the WAMU saga on a very in-depth level. They have also issued some professional research reports for WAMU as well. In their latest report they projected a reorg value for the WAMU preferreds at 4% of face value. Prior during and after that report they had been seen swallowing preferred shares at the BID in the 5% to 6% recovery range. I think you can draw your own conclusions as to why they would take this approach.

The tie in betweer CRT Capital, WAMU and Tronox is that if they are saying "relevant" with their mouth they may be betting "meaningful recovery" with their wallets. We shall see in about 2 weeks when the OTCBB share volume report for March is released.

GLTA.