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Two best reasons for the bonds rise....(edit)that ive heard...
To have a say on what happens to the company comming out of BK or because they they know there is a deal to convert to equity.........
What else would make them rise so quickly?
anyone?
I believe someone mentioned that it is possible that they are trading at a premium to coax holders with time limitations to sell. Allowing who ever is buying up to gain a larger presentage of control.
Strange trading day..... IMO
Holding strong!
Held Good today nice and strong. Great week!
Does any have a count on letters?EDIT:looks like 31
There sure are a lot of them! Nice work to all…
It is good news though... Thats all.. More time to get it right the first time... More time for SP to increase...
Thanks for all the effort..
Nice action again today!
Go CEMJQ!
new filings
http://www.kccllc.net/documents/0911233/0911233091015000000000001.pdf
(a) extend the exclusive period to file a chapter 11 plan (the “Exclusive Filing
Period”) for each Debtor through and including February 11, 2010 and
(b) extend the exclusive period to solicit acceptances of a chapter 11 plan of each
Debtor (the “Exclusive Solicitation Period,” and, together with the Exclusive Filing Period, the
“Exclusive Periods”) through and including April 12, 2010.
In support of this motion, the Debtors respectfully state as follows:
Funny you have been labled a debbie downer....
Looks like your right.....
GLTU
Last time we gapped up and ran, it did the same thing.....
clearing out all the suckers then will finish at 1.14-1.16
By the way last time this happened, it ran up for 3 days after the shake out...
see the chart on the Ibox
Good luck to longs!
Just another round of the same old duke!
We go higher next.... IMO
2026 Bond Last: $84.000
2009 Bond Last: $110.000
2016 Bond Last: $111.000
just cant stop these bonds!
Love 6 mil volume in 1.5 hrs!
Go CEMJQ! Congrats longs!
2026 bond Last: $83.500
When this bond reaches par..... I think we see some fireworks!
IMO...
Looks like a little buy volume comming in, nice...
Go Cemjq!
More synergy,
Seems like they are teaming up to sweep the soybean disease market.
http://www.kccllc.net/documents/0911233/0911233091007000000000030.pdf
More proof that this company can't be held down forever....
GLTA!
After ongoing negotiations and discussions between Chemtura and Valent, the Parties determined that it would be in their mutual best interest to enter into the Agreement and market the Chemtura Formulation and Valent Formulation together as a co-branded product,bearing a single brand name, with the two formulations shipped side-by-side on the same pallet,
as mutually agreed by Chemtura and Valent (the “Co-brand Product”). Indeed, the Debtors estimate that due to the complementary nature and synergies between both formulations, the Cobrand Product will allow Chemtura to obtain more revenues than it would obtain by marketing and selling the Chemtura Formulation alone.
Letters went out in this mornings mail....
Thanks to all!
This is exciting to say the least....
Go CEMJQ!
Nice.... Gota have that staying power...
Long since april, holding all.
email and faxed out letters today
hard copies go out in the mail tomorrow.
GLTA on this EC formation....
Nice, thanks for the responses..
Just more of the same this morning. Good volume.
Mac,
There have been several posts in the last 24 hours on how to submit a letter and to whom.... gltu
If we have already submitted letters, is there a need to resubmitt a new letter?
I sent mine in on the first round, although it didnt get posted in docs.
TY
GM All!
Some great DD here, thanks to all who contribute!
Seems to me we wont get any big news until bar date is reached.
A sale of any Assets or the whole company im sure would depend on knowing exactly what claims are made against the company.
The first two weeks of november should be some of the most interesting days we have seen yet.
AIMO!
Good luck to longs! Still holding all.
Lets see some green today!
the Rollercoaster ride continues..
keep your seatbelts fassoned at all times!
Long and strong.
Someone should start roasting their dog, or what ever was agreed upon.
Hi all, Looks like more of the same manipulation today... Just means we go up. Sooner or later they will get their fill and there will be nowhere left to go!
Chemic,
5yr plan includes all business'
the whole company has been up for sale for years, yes they just added in the PVC biz this summer. They would want to get bids on all assets of their business if they were looking to prove value of the entire company.
I am not at all saying an asset sale is not happening for the right price, but the data that we have says that they are going forward intact. How long should we just breeze over the 5yr plan as here say?
I was merely attempting debate the possiblity that they sold the whole Company...I was just looking to try to gathter some support for what no one will talk about... I mean its not impossible...
We can talk untill we are blue in the face over commons getting cancled, try to debate the possibility that they sold the company and this is the only response i get?
All IMO
GLTA! GO CEMJQ! Still holding all.
Well if he did sell the whole thing what would be happening?
Tuns of lawyers. check
Employee stabization (incentive plan with retension). check
negotiate with unions to be sure no strikes occur. check
5 year plan with company intact and get stake holders on board. check
Bonds would fully recover. check (except unsecured for obvious reasons)
Reassure suiter that company is still growing and inovating. check
Company would prob. need to show a profit for at least a full quarter. check
Im still not sold its happening but with an asset sale seemingly being put on a side burner by rogerson it seems it might be more likely....
All IMO. Just trying to play connect the dots with what we know.
He did the two step with hercules, will do it in one step with Chemtura.?... We will see.
Good luck to All.
Thanks for all the great dd this week....
What a joke....
No Shame is right....
2026 bond Last: $77.000
lol
Illegitimi non carborundum is a mock-Latin aphorism jokingly taken to mean "don't let the bastards grind you down
So true.....
Redsox fans should know how to hang in there when the going gets tough.....
Bonds
2016 Last: $99.750
In all the speculation about what chemtura will do to pay off their debt and all the possible soltuions. ( Asset sale, refi, delution or combination of all or some)
Back in June when they reached a settlement for antitrust fines with the united states. in that agreement this stood out to me.
"If Chemtura confirms a plan of reorganization under chapter 11 of the Bankruptcy Code that becomes effective and provides that general unsecured creditors of Chemtura will receive more than 62.5% of their allowed claims, then Chemtura shall pay to the United States an additional payment equal to the amount to which the United States would have been entitled under such chapter 11 plan, less any payments already made."
Maybe they knew then if no asset sale it would result in delution? 37.5% delution?
If that were the case what would that mean for common share holders in terms of pps?
I think we all could live with that....or am i way off base.
http://www.kccllc.net/documents/0911233/0911233090610000000000009.pdf
page 9
Just a novice, that appreciates this board and all of it contributors! TIA
GLTA tomorrow...
Wow wasnt ready for that drop today!
But looks like more of the same....happend soooo fast this time..
I am newb to trading and even though we have been through this many times with these pull backs, it just makes me sick wathing it. but i sleep at night because i know cemjq is going back up!
Holding Long 70K, only because i am too scared to flip this one.
Have a good weekend, we start over again monday!
thanks to all, ihub is where i go first when things turn either way. Someone awhile back said support group...
GLTA!
the sell volume here is 7 cents down on like 70k .....
very small trades, walking it down.... I think they still cant get any sell off even at 1.10 for some big orders comming in....
having said that, i think we go higher.
but i think under a dollar days are basicly gone!
at least i hope so!
I will be happy with anything closing over a dollar...
All IMO...
Yeah but you cant tell the difference if your not willing to listen!!!
they hear BK and thats all they want to hear....
convinced 2 family members to buy in @ .50's
They are loving me now!
Congrats to all !!
Thanks also to this board!
This on very little volume.....
wait untill some real volume comes in!!
IMO....
good luck to anyone tryin to flip....
my guess is you will hit the wall....
This is a drafting game... as someone stated!!
Wow !
1.05!
Go Cemjq !!
Congrats to all!
Yeah sorry....
GM,
Share with us the gap up.......
CEMJQ just gets better with age....the more i know the more i love this Company!
Good luck today!
very nice, Thanks MC
OMG
go baby!
GM all
Good luck today.
anyone got L2?
Gapping up?
Strapped in my seat ready for lift off!
TIA
WOW is right!
Im so excited i could bust....
Reading all the expectations of pps... Its anyones guess...
We just know its up from here..
I had to take the day off tomorrow, this is going to be a fun show.
They may have released this news today because they are releasing MOR tomorrow morning???? maybe???
congrats to those nice gains!
I cant wait to see where this takes us! GLTA
Weeeeeeee
the power quarter hour is the best ride...
have I said i love this stock!!
GO CEMJQ!
I think everyone is playing nice right now... No need to put undo costs on the company when we are still sitting on top of a positive book value.
I dont believe that is true based on what has been discussed, I dont believe its the SEC roll to appoint an EC...
again no expert... can some one chime in on this?
From what has been discussed here,
Request for equity commity has been submitted.
Chemtura responded to the court / no public response has been made.
Chemtura would pay for costs, this involves lawyers, paperwork and other costs.
It is better not to get in the way unless it is clear they plan to take commons out/ delute. As this has NOT been decided yet, it is expected that if our position deteriates an equity commity will be mobilized.
I believe in may a request letter was maid available and many ihubers and others have submitted a letter to initiate this process. It was posted in the ibox but i dont see it now....
I believe that most believe it is unnessary until facts say otherwise.
Hope this helps... Correct me if im wrong...
GM All.
Looking for a great week here. Good Luck to All Cemjq-ers this week.
Cant wait to see the view from the skywalk....
GM All.
Got this from google alerts. Not really news for Chemtura but our CEO is being recognised by Del. business honors.
I like this part...Top of the chain but still humble. I really like this guy!
"Such honors, while cherished, also tend to put the focus on individuals, who inevitably rely on the help of many others to succeed, noted Rogerson, now president of specialty chemical maker Chemtura Corp. in Middlebury, Conn. "Obviously, being recognized in this way means a lot to me," he said. "But it's the result of a lot of people's work over a lot of years."
I think this speaks volumes about trusting and believing in Rogersons abilitys. This is a prestigous honor!
http://www.delawareonline.com/article/20090912/BUSINESS/909120316/1003/Taylor++Rogerson+earn+Del.+business+honors