We need a watchdog like him.

Based on my DD, it appears that he was not elected as a member of the BoD at NeuroMetrix,Inc (NURO).

Nope. $9 with taking all the dedts is not a bad deal.

I am not sure about your view. I may have a different view. It is hard to understand the events are playing out, like BoD's rejecting offer, Ed Garden’s sudden resignation from the BoD, BK, etc. I wonder whether there has been a game plan to eliminate the common shares for some interest groups??? I am an investor in CEM before BK, and wish that the BoD took the offer for the shareholders. It looks that the CEMJQ’s price hike to $0.48 about a few days ago would be something to do with this letter. IMO.

Thanks, local. If the offer was rejected by the BoD, then I suspect that Ed Garden would be one of the members to support the rejection. Question is why he did in knowing the fact that the CEM was not able to pay off the loan due by July, 09, and the offered price of $9 is not far away from the Train's $11 investment? It is very interesting to see how the drama will be played out. Good luck to all!!

If all indications are good, thereby, we go in a dollar land sfely, then getting to the Pilgrim's level (or even higher) is possible. Until then, we have to watch the news and progress.

When CEMJQ hit the price of $.40 and above a few days ago, I was thinking about your net increase (more than Million dollars). What if you sold them then, and get in now? Making a profit more than $250K? I know we don't want to miss a ride to a higher price, but $250K profit in a few days is a big money.

It doesn't have to be.

jr, Are you a pumper???

The BOND price has been increasing, and it has been a good indicator or bench mark for stock performance. But, it is down to 43.30 today from 54.75 yesterday. What a change!! Is there any bad news out?

WangSang,

Don't use the word, "We". You are not part of the group, LONG. You are simply bashing CEMJQ without any facts.

Bankrupt Chemtura Sues Supplier Over Frozen Shipment

Here it is:

http://bankruptcy.law360.com/registrations/user_registration?article_id=104348&concurrency_check=false

You guys are so funny. I like that picture a lot, too.

Here it is:

https://www.etrade.wallst.com/v1/common/pdf.asp?docKey=24-2349N-20090602&User_SessionID=A40132AF8C619A85&researchProvider=REUTERS

Very well said. I concur.

Thanks for detailed explanation. But, please do not put too much weight on Trian's not selling of about its 10 million shares. As we are guessing/hoping, if Train will get the CEM's proprietary flame retardant technology at a huge discount price (let's say a saving more than $200M), then Train can easily walk away from its shares. It can be careless.

I've been holding CEM before the BK (of course, averaged down after BK). There were ample opportunities for Train to buy many shares if it wanted to get an investment loss. I remember CEM went down to $0.09 before BK, but Train didn't buy any single share. So, unless we know the fact that the entities of Train have bought many (say more than 20 million) shares during the fall from $2 to $0.02, the assumption of the Trian's play with shares to recover his investment loss in CEM is not valid.

If Train will get what it wants (e.g., flame retard tech), and the big institutions (i.e. CITI, etc.) have already gotten 5 to 10 times of initial investment and have been/will be soon gone away, then we, the poor average share holders, will hold an empty bag in air.

Frankly, I am still holding CEM with hope for a buyout (similar to the buyout of a chemical company (I forgot the name, but that was bought out by an Arab investment around the time when CEM filed the BK). I am more interested in a relationship of Ed Garden/Train/Qatar Holding LLC. I think an I-Hub member (JAVED?) mentioned about it sometime ago, which would be an interesting scenario.

But, there is still one dot that puzzles me. Why didn't Trian purchase any single share during the ride from $11 to $0.02? Isn't it allowed to get more than 4.5% of CEM??? It is still holding same amount of the shares of 9,385,112. I just don’t understand. What are the scenarios?

By the way, Ed Garden, who was a diector of the board of CEM, is the son-in-law of Nelson Peltz.

I wonder whether Ed Garden hired (at least supported) Craig Rogerson to become the CEO.