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Help - A couple of questions if anyone can assist.
I have not received any voting package instructions yet (just what I read on the company website)
Am I understanding this right: If I vote yes, then I receive 1 new stock for every 32.9383 shares of the existing stock? Would I receive cash payment for my existing shares and then have to purchase the new shares, or would they transfer from the old to the new? If I vote yes but the majority votes no and it is not passed, then what will happen to my vote and shares? If I vote no and it passes what happens to my vote and shares? and if I vote no and it does not pass, what happens to my vote.
Any help would be much appreciated.
PS - I am not a pumper or basher and have been here since day 1.
Thanks.
Wow
"A total of 11,000,000 shares of new common stock will be reserved for issuance under the new equity incentive plan".
I guess that is their reward for shafting us shareholders.
What price does this mean for existing shareholders (pps). Think this will trade higher this morning/today?
Thanks
How come the EC has been very silent on all of this (voting, etc)?
She is not the trustee anymore
Found this this morning regarding general BOD nonimations
http://www.nytimes.com/2010/08/26/business/26sec.html?_r=1&ref=business
Are shareholders on this list - just creditors? I cannot find my name as a common shareholder. I did not see on this document where you can vote no - just that if you do not send in you will recieve % or new shares - Did I miss something? I have not recieved and voting information to date, what will happen in my case? Will my # or shares or vote just not be included in the total count? Any help would be much appreciated? The EC does not seem to be helping even though we retail investors are the ones who helped form the EC - I'm starting to panic here. Thanks for any help./
They can take their plan and shove it where it does not shine!
Nothing up here in Canada yet - At this price I am definitely voting no! I have a few hundred K's of them. I feel good sleeping at night knowing that I have not screwed over anyone.
I have been invested here for a long time (before BK). Does anyone truly believe that the commons will survive? They way that is has been heading straight down, tends to make me believe that someone knows something and it is not good. I would still like to believe and hope but that is fading every day. No point in selling now. Hoping for the best but preparing for the worst.
Not yet - I will probably receive it after the vote deadline as I reside in Canada and they never leave enough delivery time.
Chemical mergers and acquisitions heats up
http://www.icis.com/Articles/2010/08/16/9384279/chemical-merger-and-acquisition-activity-accelerates.html
It's been completed
http://www.reuters.com/article/idUSN1351874820100813
POS on it's march downward this morning.
All along they were saying they were insolvent and now all of sudden they are saying they are not. Sounds like they want their cake and be able to eat it too. If filing for BK is such a benefit for the the CEO, BOD and creditors then why don't all companies just file, get rid of some debt (then issue some more debt), give themselves a pat on the back (with a very good bonus) or some increased post BK ownership and then re-issue stock and screw the existing shareholders who footed the bill for their bad management.
Saw this post over at Yahoo
"How do you turn a 59 million dollar profit into a 49 million dollar loss. By deducting all contractual post-petition interest expense (108 million) in the second quarter. To do it correctly they should restate every quarter since the filing of bankruptcy to refect the interest charges. I wonder what the SEC and IRS will say about Chemtura's creative accounting?"
Too much! - I like your style of humuor. He must have not had nothing to due over the weekend as indicated by the # of posts he had there. I guess he was trying the pump it up. Maybe he is trying to form and serve on an EC over there.
I expect our EC to fight this:
"The company has proposed a hearing to confirm its plan of reorganization on Sept. 16 and expects the plan to be effective before Sept. 30"
Please explain?
Anybody had a chance to read and really make sense of this? Looks like they are in a rush to have the judge sign (due to the great financing rates that they have secured - yeah right). The EC needs to slow this down, lots of things happening daily.
Yeah, but not as long as it is from 20 cents, where it was trading at just 12 days ago. Would like to know the "insiders" trading history?
Thanks Madclown.
Is this good or bad news for us? Thanks
Perhaps an insider? If so, look for a pump and dump again shortly
Hey Jaxstraw, Can you help us out here?
If I recall correctly, Mr R brought on a couple of former colleagues from his previously employments.
The whole idea of discriminating between pre-petition and post petition does not make any sense to me (not just here but other cases as well). If the court we're to allow this, then why allow and share to trade once they enter BK. If that is the case, then once a company files BK, then the shares are frozen.
I saw one of the videos that was released recently with him and an exec from BMGP - It was very amateurish to me. Things just don't seem right here.
Thats what I thought. First comes a PR, then a little share price run and then a big slide. Then repeat. What are your feelings about Mr Noel? Some people just seem shady.
Thanks. I will register today.
I have a sizable position that I bought in at $0.055, They are not for sale. Is there any movement for an EC? If so, I would like to join. Thanks
Did the insiders sell on the recent climb? Does anyone know where I can find this info. This stock reeks of manipulation, IMO
I'm sure the EC counsel is looking at every possible angle
Maybe the EC and shareholders at CEMJ might be interested in his services one day?
That's the kind of heat CEMJ EC needs to put onto Mr. R and company.
Just say this post over at Yahoo
Rejection of claims 24-Jul-10 08:33 am
"They filed a several more rejections of claims with the court yesterday, including rejection of employee claims, but guess which two employees claims have not been challenged yet.
Craig Rogerson has two claims 11012 and 11971 (unliquidated)
Stephen C. Forsyth has twenty-four claims, 11057,11058,11059,11060,11061,11063,11064,11065,11066,11067,11115,11117,11118,11120,11121,11122,11537,11545,11607,11616,11623,11629,11687,11730 (all unliquidated)"
I posted this in June. Can anyone please help me
Does anyone know where you can find the insider trading positions for this company. IMO Sure looks like this stock
is being manipulated?
Thanks
I'm staying until the end. At this point the 7-10 cent share drop for the their POR price (from todays price) is worth the risk. Much more upside for me here.
I do no think that you understand what I am saying. Mr R is not being fair to his employees (owners) and us shareholders (owners). IMO he is only looking after his interests and lining the pockets of others who have no right to it. We now know what his character is.