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So help me understand. Management takes the company into BK and then is rewarded for their bad management. WTF! The way this has traded downwards for month's now looks suspicious (IMO). Can the SEC look into this?
The debtors are running a circus here. They could not organize a piss up at a brewery.
Hey Wally, Can you please help me with my earlier post. Thanks
I got mine too this past Friday. I did not receive my initial voting package for the Debtor POR until after the deadline. I thought that the rights offering was only for if you checked yes on the ballot and yet I get this right offering package and I did not even vote on the initial voting. I also thought that if it did not pass, then the rights offering was dead. Can anyone please verify. Thanks
I got mine too this past Friday. I did not receive my initial voting package for the Debtor POR until after the deadline. I thought that the rights offering was only for if you checked yes on the ballot and yet I get this right offering package and I did not even vote on the initial voting. I also thought that if it did not pass, then the rights offering was dead. Can anyone please verify. Thanks
Please don't judge someone until you have walked in their shoes. Who knows, they may have had to step down for personal reasons (health, family)?
We "retail" still have representation on the EC - I am sure that they will fight for us.
If it weren't for the Mr. Jacks and Jackstraw we would not even be in this position right now. IMO, the company POR would have been accepted and our shares would have been worthless right now.
I think you should be thanking Mr. Jacks right now.
Although I did not receive my voting package until yesterday, my vote would have been "no". I am united with my brothers here.
The real fun is about to begin.
Thank-You!
Just curious as to why it is under seal?
Any ideas/theories as to what was filed under seal (maybe an alternative POR?)
Can you please provide the link. Thanks
The way I understand it is, if the vote passes, then you get approx 27 cents/share and then you have the right to buy your converted shares at around 43 cents. What a deal, what a joke.
Last minute sell off? (price seems to drop off at the end of the day). At the point who cares what the price is. Can't wait to see what Skadden filed under seal. The 16th is soon upon us.
Just got back from the mailbox and my paperwork from Proxy services just arrived. Looks like I missed the deadline of September 9. Is this something that I should write and let the judge know, or does he even care?
Thanks
Soon we will be under 30 cents. Wish they would have just taken it there back in June? I can't take it anymore.
Wow - Christmas must be coming early. "A guaranteed gift of shares of the reorganize Debtor but gluttonously demand more" - How nice you give me approx 25-29 cents for my shares and my gift is that I can participate in at around 43 cents. What a bunch of clowns. Who's bozo? "Gluttonously demand more" - What a joke.
58. The Equity Committee has been long on rhetoric and short on proof. It would be grossly unconscionable to thwart the will of an overwhelming majority to accommodate the desires of the disgruntled Equity Committee whose constituents are, under the Plan, entitled to receive a guaranteed gift of shares of the Reorganized Debtor but gluttonously demand more. This Court should not disturb the domino structure that is the Global Settlement and the Plan. The Bondholder Committee submits that this Court should confirm the Plan.
Does anyone have a reason why the "B"'s continuously traded lower then the "A"'s today. The trading pattern was almost identical today, and the price always stayed lower? Weird?
To those that sold @ 28.5 cents, congratulations. Well done. Don't spend all of your profits at once. (lol)
Once again, reading this board on the weekend had me excited about today court session, and once again I am disappointed. Same old story.
How come there is a 0.05 difference on the "A" compared to the "B"?
Thanks
I don't know why they just didn't take it there month's ago.
Soon we will be in the 20's. Not point selling at this level
This is outrageous. I hope the EC and the judge are all over this.
I am now the proud owner of some Tronox shares
So what can I do? Write a letter to the Judge/Trustee? I still have not received my ballot package yet. There is no way now with Monday being a holiday that I can vote in time? Where is fairness in this?
Have you had a chance to look at the company I mentioned on the TSX?
I thought you were going on vacation?
Then as far as I am concerned, then the EC has done nothing for us shareholders (well maybe you did). Isn't the purpose of the EC to look after all of the shareholders not just a select few (SVP/Canyon - I believe from EC's trying to end exclusivity)? After all it was us retail that got the EC approved. This is BS and I am not happy.
Thanks. As being one of the petitioners for the EC, where can we find out about any and all discussions that the EC has had with company?
Hey Jaxstraw, I tried to put in an order today, but was unsuccessful. Where do you think the price will open tomorrow at?
Hey Wally, If is does go a valuation process, at what point could an examiner be appointed? Thanks
unless hopefully the judge see's whats going on and puts a stop to the BS from the company. I am hopeful that the EC can do something more for us shareholders.
Justavoice - Received your PM - Thanks - I'll be in touch tomorrow
I am really pissed off.
Can you send me a PM with your e-mail address?
Thanks
OK - Sounds good. Do you or anyone have the name and address of the new trustee as well? I will send my letter to both.
Let's get those letters going boys and girls. I have an idea, once your letter has been sent, please post here on I-Hub.
That's around 2.00 per/share for shareholders. The Judge and EC need to know this.
Should we also send to the EC? It was after all, us retail investors that basically got the EC going and approved.
Susan Golden is not the trustee anymore. It is a gentleman but I cannot remember his name and address. Anybody have that information.
JustaVoice - Please post your draft letter once completed.
Thanks
Still received nothing up here in Canada? In fact, just received today voting information for another US company, in which the vote date was August 24, 2010. I get it 7 days after the vote date. I guess I should expect to receive my Chemtura package around mid-September. I will be sending a letter to the Judge and Trustee, if that is the case.