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Agree. These smart elephants did not buy Cem in the .80s-.90s for a write off. Much bigger action in play here.
Dudes -- we are in the land of first class investors and captains of industry. Be assured the lawyers aren't making the calls.
The fact SVP is on the scene Big Time is huge and speaks volumes of where we will be a year or years from now. Diluted likely but still intact --yes indeed.
Thanks Jaxs and for your many hours of work as well.
MC- The decision is Judge Gerber's. The Trustee is reviewing the question at his direction. Right?
Agreed:nothing new.This was the late Sept news splash - just about the same time SVP was jumping in.
Don't be stupid moose. Natasha has spoken.
Wall- Great to have you back on our big board. Thank you again for your leadership and for your personal expense for the Alliance and helping to ensure commons sense has its day in court. The signs continue to point one way -- up. SVP gets this while some peeps have recently mistaken shadows for ghosts.
In 2008, CEM was the Fortune 577 of the US. And it will return to the NY Big Bd with Captain Craig at the helm and more than likely: commons intact. Thanks again Son of Harry. B-E
Sound words from Manti. Holding long and strong here. Look to the horizon and past this blip - or buy into it. Go CEM.
Great post Oaps. The recent feeding habits of an elephant in detail. Few of dates bring back a memory or two. The march to multi- dollar land continues!
"You must work for Chemtura management. They have been warning the employees about the stock from day one. We are adults. We understand risk/reward. We choose to invest in the stock. The letter has the normal warnings about risk, but most important is that it states Fiduciary Counselors was hired to represent the employees who own stock in the 401K. You left out the part were they have asked the court to form an Equity Committee."
The above is from Yahoo Cemjq in response to the same nothing burger. Note the dates 10/5 and 10/7 -- old boiler plate.
Follow the elephants - better vision than some.
Place McKinnon in the lost and confused camp by his own words.
Save your notes!
Wallstreet and Jaxstraw -- A thousand and one thanks for making the Alliance a force in less than a week. Impressive.
Wallstreet - add 10k for me too. Who could resist?
It does. You're a good man Keith.
Thanks Just. Always good to be kind.
Just remember with millions in play, humor can be dangerous.
You might want to cut Sullivot a break.
It is Friday yet? We just became aware of paradigm shift.
This is a great BD.
Big buys yesterday. Seems the MMs like the action on this BD and the Alliance!
Fox and Henhouse. Excellent.
Whatever need Wallstreet, you got it. Email in route. A thousand and one thanks Wall.
Wallstreet - Do you my info again or are those who gave you the same info earlier good-to-go? Awaiting orders Sir.
Man, got to love those the big buys today!
(Wall, Jax and CMM thanks for your yeomen effort)
IMPORTANT: post your letters to The Judge and the Trustee ASAP.
Nova-- thought worth repeating.
Bonds up. Interesting buys Friday and Monday. And Wallstreets on the case. Yeah!
Good letter CMM -- to the point.
Letters are the way to go. They seem to have more weight. If you email please make sure letters soon follow.
Do both; they are not mutually exclusive. You might want to send you individual letters (to the Trustee and Judge Gerber) asap. And then sign a group one when it appears.
Wall -- My email on the way too.
Merely suggesting that all CEM stockholders should write - regardless of when the stock was bought. That's all I meant. (Strike "Period." from my earlier post.)
Very much like Wall's suggestion and believe CMM would be the natural to service as the coordinator. Thoughts.
ALL CEM stockholders need to write to the U.S. Trustee and Judge Gerber ASAP. Period.
Good point. And remember the Chapter 11 petition by Middlebury, Connecticut-based Chemtura listed assets of $3.06 billion against debt totaling $2.6 billion, including $1.02 billion owing on three issues of notes and debentures.
And the subsidiaries outside of the U.S. didn’t file!
Blipmazter- Just up to your usual capers of indirect bashing?
Or perhaps you have learned a lot since your first post on this bd on July 24 (see below).
"im studying a bit up on restructuring companies and came across different scenarios. on being the current stock ending up worthless because they create a new stock id to pay off the bankruptcy. Can someone explain this scenario to me and what risk this pertains to CEMJQ? Also if one would be so kind, what are all the scenarios after a corporation declares CH. 11. Thanks!"
That clarifies it. Was wondering why the share price went from .02 to .88. Thought Cem was having a spring/summer sale.
ALL shareholders should write to the Court. On March 18, Craig Rogerson,CEOfficer stated: "We look forward to working together with all of our stakeholders to complete a successful financial restructuring."
Again, on 24 August 2009, in an ICIS news article By Joseph Chang, Chairman Rogerson is quoted as saying, “We’ll look at all ways to maximize stakeholder value, including divesting businesses. We will consider offers and evaluate them if they come,” Shareholders are stakeholders. If the idea is to maximize the value of all stakeholders and to work with all stakeholders, it is inconceivable not to include the very stakeholders who have capitalized and will continue to capitalize Chemtura. Nowhere has it been determined let alone stated by Chemtura that shareholders will be discharged, in fact quite the opposite as shown by Mr. Rogerson’s comments above.
Sorry CMM just noticed you posted mine to the top as well. Thanks!
The SEC is not in this picture at all -- entirely different function and branch of government. As of 3/18/09 -- The Court is where the action.
CMM - Of course I did. The letter I posted was a sample for use by the BD. Plan to post it again at 6 pm today and tomorrow -- and I will make sure folks understand that it must be a signed letter from them. Like it much better than the "legal like brief" that is posted at the top of the BD. Way too long and convoluted and therefore unfriendly to those who might want to write and READ it. Short and to the point is what that is needed.
This Judge knows law.
It's time for a full court press for the CE.
Thanks Jaxs. Had to run out for dinner, so sorry of the delay in responding. As you might judge from my letter, I sincerely feel the facts -- if not the force -- are with us.
Go Chemtura!
(Long live Jerry G.'s music - and Dick's picks!!!)