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No trading halts as of yet.
I hear that today is "THE DAY" that Chemtura comes out from ch11. I have some friends{coworkers} that are STILL holding shares.It has been a rough ride for sure.If I only had it to do all over again!
I am with sano on this one , this "meteoric rise" will be short lived once you all figure out we are 6 months away from any thing like hearing positive news," it's not when, but if", at this point. I don't mind saying that I did miss out on the action, but I'll be watching. GL
CMTRV.PK = Chemtura new trading symbol @15.90 a share, I won't buy .
I believe we will see weekly trends of selling off on Mondays, and buying back on Fridays. Or it could be "the old buy early in the day" and "sell off at 3:00 pm deal" that is so popular with the MMs. Any which way Imgg will be manipulated severly for the next 6 months easy. IMO of course.
He said in the CC that they had more lableing issues, and wanted financial info? Plus they other issues with formats etc.
After listening to the CC, I liken it to Obama believing that people still like his policies. Like Obama, Dean put a positive spin on the worst possible information. I agree with what He said about absurdity of the FDA. The fact of the matter is; there is SOMETHING "they" don't like, and until Dean can make and prove a fundimental change and show NOT only the FDA, but ALSO the share holders,"WE" are dead in the water for MONTHS at this juncture. Notice Dean wouldn't put ANY time line on it because He has absolutely no way of knowing how long this will take.He did try to make it sound like He was going to try and bully the FDA; I can tell ya, that AINT gonna happen. He is still at their mercy, as we all are also with this thing. The question is, is; ARE ANY OF YOU WILLING TO GO THROUGH THIS WHOLE PROCESS AGAIN FOR "ANOTHER YEAR"? Not only did I LOSE money, I lost out on the profits I could have made in other stocks that have a viable product!! I can't afford to be in a stock where the CEO doesn't understand why the smaller invester doesn't like dillusion!! That is the thing that effects every investor{even if on varying scales}, NOT just the big investor. I don't know HOW on earth Dean came to that conclusion. Kind of out a touch on that one! Oh well I will be keeping an eye any way.I do belive there may be some hope left, but it is WAY WAY down the road, NOT any where near even the middle of next year.
Might buy back when we get to sub penny.
Right, Dean talked about luminary site at U of Mich. Like they say, money talks .
Its gonna take 60 days to get ready to apply again, from what I understand{AFTER} Dean gets a specialist lined up.THEN anothe 150 days for FDA to look at it.
This will look cute at the RSNA
ALL hands are weak in IMGG now, this thing will drift down for MONTHS now. When the west coast wakes up, you'll be lucky to see .03
I might buy back in NEXT year
just another delay
Dean should have made the announcement earlier in the day yesterday,He gave time for all his west coast buddies to get out.
Once again the shareholders get the shaft, and who gets the gold mine? It's just another form of dillusion. THAT is what the price drop is about; NOT News or No News, we've been in limbo for MONTHS. I'm sure some manipulation is what is going on because that is the MM's job. Like going fishing; they present the bait, see if they can get nibbles. When you are fishing for sharks, it won't be long until a frenzy occurs. It is only OUR fault for believing in this thing for too long! Pretty soon they will switch the bait and the pps will go the other way.
Didn't we submit a new package in Feb. then when were all expecting clearance in July, we find out about an entirely NEW package because the FDA couldn't open some files? THAT is what I was refurring to. You can't tell me it wasn't a scramble to get an entire new package together in an openable format. It wasn't done overnite. You missed the point of my statement anyway. It was about safety and FDA's caution, NOT the transparency that was lacking between Feb. and July 15th; but thanks for reminding me.
Point well taken, however at this time I sense that clearance is imminent. According to the company,"no new questions". So we don't have to worry about a "secret" completely new re-submission like we had earlier this year {to be divulged at a later time}. I believe that approval would have to be in the very final stages, even as lethargic as the government is. It ONLY appears as though the FDA has overstepped their bounds with regard to function vs. safety of the device, and radiation is easily determined. The real issue is with imagery because; if you were under the surgeon's knife that was being guided by the Dvis, {THAT} is where by the highest concern FOR SAFETY is in my estimation. This is why the radiologist review and scrutiny. Would Dean {or any FDA reviewer} be willing to be operated on with the Dvis as the sole means of guidance support for the sugeon? THAT is the question. It would be nice to hear some confirmation of that question from Dean, thanks.
I feel for ya, many stubborn employees stayed too long and lost out. They have ROBERT WOODS to thank for his screwing of the shareholders initially. Then only themselves for staying after the ominous warning from Fiduciary Counselors. I will buy back in when the new shares become available. It may go up in the short term after emergence; but I'm a little leary about long term because chemtura still has the same debt plus more than they had when they filed. I believe thy will be expanding, shortly after emergence though.
It's all selling pressure.
sorry i sold @$1.20, waiting to buy NEW shares in my 401k AFTER they cancel existing shares.
News after close: Caveat emptor.
you will be wait-ing up for a long time. You should wake up now and quit dreaming.
NO I'm not digruntled ,I sold a 1.20. I'm waiting for the new shares. ps I still work for Chem and I've prooved before on this MB.I feel sorry for any one that still ownes Chem at this point.
no joke, sorry
right
More like cancel existing shares and issue all new shares .PERIOD
good luck with that
MM's pumping up before the big sell off{IMO}
When are the commons going to be canceled, I'm ready to buy new shares!
Chemtura Corporation Terminates Rights Offering: Looks like ya all screwd up!?
not for me , i sold a long time ago, the first time he created the sell off scare
"It is better to do the right thing than to do things right."is that an oxy-MORON? or a MORON-oxy?
Looks like MM tennis.
test...test...test
i have no interest in other boards
how does one get un-banned DAN?
I was banned from IMGG message board and thought the ban was supposed to be removed on Aug. 21st but as of yet hasn't.
1 billion more in debt? I can see it being good that CEM will come out of ch.11. I think the current shareholders are getting played now. Nothing has actually changed since March of 09, except possibly the business climate and the credit climate.The company's debt is the same if not worse than it was, especially with another billion added. Some one will get a big pay day soon,doubt if it will be the common stock holders. Hope I'm wrong for your sake.
Some people JUST DON'T GET IT, This thing should have been approved MONTHS AGO, {THATS"S MY POINT!!!!!} come ON!!!!What has more to be said ??????? I'm not talking about being a savvy trader here. WOW!!!!!! Im talking about a CEO who supposedly "KNOWS" what' going on, repetedly screwing this thing up, MAN, I can't believe some people!