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A new 52 week low - Does not look good here folks - Another get story of the BS that companies can get away with.
With a POR around the corner and the stock trending south, does not look good for us. I have learned the hard way. Oh well, another capital loss to come.
Good volume today - Still long here and the sooner we get to 25 cents the better. I predict a close of 49 cents today.
I just wish the MM's would hurry up and take this down to 25 cents and then everyone could relax and wait for the EC POR
Jaxstraw, still invested here?
Well we know what Mr R thinks of his employees. These employees who had shares and were offered around $8.00 a couple of years ago and are now be handed approx 28 cents. Employee moral cannot be good.
Does anyone know where you can find the insider trading positions for this company. IMO Sure looks like this stock is being manipulated.
This company is sneaky. No wonder they have been in such a rush to exit chapter 11 so fast. Must of been a real surprise when the EC spoke a couple of weeks ago.
I see that the company POR includes a share offering. Who the heck would be interested in buying shares knowing how Mr R views and treats shareholders? Please Mr R just show me some integrity and show me the money
Thanks Wally,
I am still a bit confused. Will the EC present our POR before we vote on the companies POR? and do we get to vote on the EC POR?
Thanks
Hey Wally - In regards to your statement below
"As it currently stands, if you vote 'yes' for the POR, your shares get cancelled and you get no more than 24-26 cents per existing share figuring in the KEIP.
If you vote 'no' for the POR, you get 0-26 cents, with a high possibility for the low end of that range, and the same cancellation."
Do each one of us shareholders get a single vote or does the EC vote for us (if I am one of the original alliance members) or is this vote by the BOD only? I guess what I am struggling with, if the vote is yes at this point, we still could get only between 0-26 cents. Mr R said that is willing to work with the EC. This I assume is meant that if we lay down and behave we will get toward the higher end of 0-26 cents. Are you kidding me? At this point if the EC is going to present our own POR and the judge accepts this, then who cares about what the company is threatening to do. It is my understanding the the EC POR is to come within a couple of weeks so we shall see how this will play out shortly.
I for one stand behind our EC and trust them for the decisions and path that they pursue.
Mr. Rogerson added, "We appreciate the support of our major stakeholders and we look forward to continuing to work closely with them in order to successfully execute on our business plan to drive growth and long-term value creation. I thank our customers, suppliers, business partners and employees for their ongoing commitment to our company and for helping us build a stronger Chemtura."
I guess that includes us
Keith , Looks like you were one of the smart one to reduce your main position some time ago.
Probably going to be heavy volume here on the downside today. Cannot believe what is happening here.
Funny how the price was kept around a $1.00 today
Remember too that the company was offered around 8.00 PPS a couple of years ago and they turned that down. Now they are going to offer us 32 pennies - Bring on our EC POR!
I guess we will be looking forward to our EC POR then
Me too! - I have been here since March 2009 and looking forward to collecting dividends in the near future
Typical end of day BS - They are milking this until we leave pinkie land
What you mean?
Must be nice - I did not get a bonus last year and the company that I did work for was not in BK
Perhaps this is the MM's last desperate attempt to make some money on the OTC before we move to a better exchange. Let the good times roll.
This BS is going to happen until we leave the pink sheets
They are not shaking my tree. Good buying opportunity.
What price are we at right now?
Does anybody remember the price that SVP(?) bought in at. 90 cents or 1.15 seems to stick out.
@ what price?
Just leave and go back to the WAMUQ board
Good old JP Morgan is in the news again
http://money.ca.msn.com/investing/news/business-news/article.aspx?cp-documentid=24456458
Found this on a Huntsman board
http://www.russia-ic.com/news/show/10211/
Russian chemists, biologists and medics from Novosibirsk showed that nanoparticles of titanium dioxide can destroy influenza virus.
One of the main tasks of public health services is search for new effective drugs, which are harmless for human beings and environment. Titanium dioxide is one of such chemicals – its suspension is known to kill bacteria and viruses, but visible or ultraviolet light is a necessary condition.
Microscope observations showed that after treating with suspension of TiO2 and exposure to visible or UV light, viral particles started decomposing in 15 minutes. Almost total decomposition was detected after 1-5 hours, however some intact viral particles were observed during whole incubation period. However, no one knew how titanium dioxide nanoparticles affected microorganisms.
Scientists from URL=http://www.russia-ic.com/regions/4216/42...]Novosibirsk[/URL] synthesized 4-5 nm nanoparticles of titanium dioxide and tried them on H3N2 virus, an ordinary flu strain. Nanoparticles of TiO2 didn’t require any light exposure for destroying the virus. Researchers explain this effect with possible decomposition of cell membrane of a viral particle. This fact should be kept in mind when creating new drugs, based upon titanium dioxide nanoparticles
Might see the high 1.40's in the last few minutes of trading
Might see the high 1.40's in the last few minutes of trading
Might see the high 1.40's in the last few minutes of trading
Down 5 cents on volume of 45K shares - What a bunch of clowns
OK - Thanks - Did not get much sleep last night - I will walk away from the computer now.
Any reasons/guesses for the extensions since just a couple of days this was issued?
Chemtura's Chief Executive Officer, Craig Rogerson, commented, "Our intent is to emerge from Chapter 11 as quickly and efficiently as possible. We believe that filing a plan of reorganization with the support of all of our major constituencies is the best way to accomplish this goal. Chemtura intends to file a plan of reorganization by June 17, and accordingly intends to file a motion to extend its exclusive rights to file a Chapter 11 plan, and solicit votes thereon, in order to facilitate the Chapter 11 process."
Seems like every time there is an extension the PPS starts to trend south. Hopefully not this time
Late night or early morning
Interesting stuff - The rich get richer
http://online.wsj.com/article/SB10001424052748704414504575244762546816650.html?mod=rss_law
Having good lawyers representing the EC will be all over the debtors trying to maximize the claims and thus saying there is nothing left for shareholders. Heck they have already said that the EC looks likely to offer a competing plan if equity is not included in the POR.
If I recall correctly the company was offered around $8 share not to long ago (this even with all of the enviro/health claims unresolved) and it was turned down. One question I have is, does the company need to settle all claims before existing BK? I guess how could they exist without a dollar # that insurance would cover. Looks like they set aside 144 million (my # may be wrong) for claims in the last filing.
I say file for Chapter 7, liQuidate all assets and pay us shareholders. They have no problem issuing stock to raise money, make poor business decisions and then shaft the people that provided the money. All whilst collecting big salaries and bonuses. Makes me sick.
On the road again, just got to get on the road again. Actually, I hear that UFO's are a cheap way to travel now.