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Me either. But I don't have enough money to cover the cost to convert. I guess I could sell the warrants and use the money to buy the stock. Does anyone now how many warrants are outstanding? The warrants seem to trade lightly? Is there a way I can see what the bid/ask is on the warrants?
Thanks
Thanks - I am still holding the warrants. Do you think now is a good time to convert them to shares? I am still trying to wrap my head around the whole warrant thing.
Thanks
Numbers look good. Do you think we see a good pps increase today?
Thanks
According to Maclown's Blog (see below) we should have some money and shares before next Saturday.
"Chemtura’s Proposed Distribution to Class 13a Interest Holders Receives Court Approval
On January 26, 2012, the Bankruptcy Court approved the proposed distribution of $13,447,153 in distributable value to Class 13a Interest Holders. The Order, [Dkt. No. 5673] stated that “The Reorganized Debtors shall begin making the Supplemental Distribution on or before March 2, 2012”. The Order also provided that if settlements were approved with respect to the Givaudan or Continental disputed claims on or before February 16, 2012, then the March 2, 2012 distribution could be further increased to include any amounts by which the asserted claim amounts exceed the settled amounts. The Order further provided that if such additional settlements were not approved on or before February 16, 2012 then any distributable amounts could be distributed at a later date in a separate distribution."
Also from todays Hunstman release:
"Peter Huntsman said earnings before interest, taxes, depreciation and amortization this year probably will be unchanged from 2011, although growth in the U.S. and China appears stronger than last month when company was working on its budget. Accelerating home construction could result in unexpected earnings growth from titanium dioxide, a white pigment that accounted for 60 percent of fourth-quarter profit, he said."
60% - WOW - Can't wait until our earnings release!
One of the highlights from Hunstman release today:
"Other items: They are planning an about $350 price rise in TiO2 during the first quarter. Most of this will go to offsetting higher raw material prices."
This should be good news for us here at Tronox as we will soon have our own mining supply. Still holding the warrants here!
RBC action direct let me fax my vote to them. I called to confirm that they were recieved. My shares are not locked as of this morning.
http://www.bnn.ca/News/2012/2/10/Mercers-170M-offer-for-Fibrek-tops-Abitibi-bid.aspx
I hope abitibi goes BK again. They have some money to try and buy Firek but have no money for us old shareholders. What a joke!
Tronox Enters Into New $700 Million Global Term Loan Financing. Good or bad news for us?
Thanks
It's not just Drys that is up today. Alot of other shipping companies are up big today. A couple are up more then DRYs.
I need $6.00 just to break even. It's been a very long wasted three years holding this junk. If it ever hits $6 I am selling!
And it ain't going to be pretty!
Glad your excited! I'm not
No surprises here!
Nice - Lets hope for $250.00/share. I still own the warrants.
Any Canadians using RBC Action direct? If so please indicate if we can vote by phone. Thanks
http://www.businessweek.com/news/2012-01-24/dupont-profit-tops-estimates-on-higher-paint-pigment-prices.html
I like this quote:
"Prices for titanium dioxide have climbed amid globally tight supplies of titanium ore.
“Titanium dioxide was the driver of the quarter,” Hassan Ahmed, a New York-based analyst at Alembic Global Advisors who rates the shares “neutral,” said yesterday in a telephone interview."
Good news for us?
I just hope that I get the paperwork up here in Canada on time. In the past, I have always gotten paperwork either 1 day before a court day/deadline etc or either a week or so afterthat. What would be my recourse if I do not get the paperwork in time. Thanks
How can a sell of 147 warrants drive the warrant price down $9.00 (to $55)? Doesn't make sense to me!
Nice finish today. What a joke!
Yeah it's going to moon! lol 2X plus, yadda yadda. This is a dog
I beg to differ - Big money knows!
Madclowns blog: Distribution info
http://thediligentinvestor.blogspot.com/
OK Thanks
Yeah but in the past, by the time the papaerwork makes it up here to Canada it's too late.
I live in Canada and have not received any voting material yet. When is the vote deadline. What happens if I recieve the paperwork after the vote. What will happen to my shares? Thanks
And JP Morgan make off like a bandit!
Is this distribution around 5 cents per old share?
God bless America!
Just more disappointment!
Your right, this has been one disappointment after another. Big money already knows the outcome!
The whole system stinks. I will be out of the US market soon. The system is corrupt!
More manipulation yesterday and today. What a joke!
lol - Remember that Mr R and his cronies bought a bunch around $13 so it would benefit them if they did re-instate the dividend.
Hello Uhlmant, what happends if there is a stock split say 2:1? How would this affect the warrants? It would not be fair to pay a dividend and exclude the warrants. I guess if they did announce a dividend then ususally there is time period where I could excerise the warrants. So I guess it really doesn't matter if I continue to hold the warrants. Right?
The game/system is rigged for the wealthy. Simple as that.