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"We could all lose". I figure that must mean that you are a shareholder. If this is true then why are you on this board telling everyone that we will lose everything. Do you want your shares to be worth less. It doesnt make any sense. I said it before and I'll say it again. No one on this board is big enough to control this stock. When you have millions of dollars worth of shares beind traded everyday, I can assure everyone that its not ihubers buying up that much stock. This stock will go where the big money players want it to and not where wangsang, chickenwang, or pootietang want it to go.
Looks like we will hit a mill in volume in half an hour. Not bad considering we did 3 million plus yesterday.
Turbo, I know that with some institutions there are restrictions when it comes to pinks. ( I hate to call it that by the way). Just wondering if there are any restrictions as far as rating. Would an institution be able to buy shares now that the rating has been moved up to outperform from netural.
Lol, not sure OSHA would approve of this, but its a good concept.
By the way, I forgot to mention that we had a Chemtura rep come in right around the same time that we returned the material. Basically he was there to put our mind at ease and let us know that Chemtura was going to be able to take care of our farmers needs. So far so good.
No problem at all. I work for a division of Agrium called Crop Production Services. We used to be called United Agri Products before the merger happenend last year. Chemtura is one of our big big suppliers. Our facility deals with Basf, Dow, some of the big heavy weights in the industry. Chemtura is up there was them as well. I am the purchasing agent for our branch so I get to deal with our suppliers on a day to day basis. Now I will be honest before I was an investor of Chemtura, I really didnt pay attention to there stock even though they were suppliers. It was only by chance that I even found this company and this board. One way or another I became interested in Chemtura so that led me to start asking some questions about Chemturas financial stability and how it would affect our branch. What I was hearing was that things didnt change as far as Chemtura being one of our suppliers and as far as Agrium was concerned, it was business as usual. It was around that time that we ordered a little to much incesticide from Chemtura. To give you an idea this pallet which contained 180 gallons of material was right at $100,000. Our branch ordered 4 of these pallets. The season for this material had come and gone and we had 1 pallet left over. Chemtura has a buyer protection program that allowed us to take the material back free of charge which they did. Now I dont know about anyone else but if I was hurting for money that last thing I would be doing is taking money out of my pocket to give it back to you. Well thats what they did. For me, I take a little example like that and then mix it with my everyday encounters with Chemtura, and I feel pretty good about my position as shareholder. I will say that as far as I am concerned, I havent noticed any difference what so ever since Chemtura has gone into chapter 11.
jr, I have a free account so I cant pm. Don't worry about the bad deal comment. I worded it wrong. Basically me and turbo were shareholders of a stock that went wrong. Just another penny stock scam. I have become much smarter since then and now I am aware of the things that are right in front of me. With the other stock I was making excuses for things that were in front of me but I chose to not pay attention because I didnt want to believe that my stock was a scam. So no worries just a bad experience in the past. I am very happy and confident in my decision to be shareholder of Chemtura. This board is filled with great dd, great posters, we deal with a reporting company, and I personally deal with Chemtura on a day to day basis through my job so I feel great about my investment. Good luck to everyone on this one.
Yeah it makes sense that turbo would write something like that. I have been a shareholder with him on some other stocks, (baddddddddd deal) and he is very smart and informative. Always does wonderful dd and is a great asset to the this board.
Good post from another board. If that poster is a poster on this board, props to you, nice post.
Let me tell you why Chemtura WILL prevail - IMO, why commons won't be
canceled, why bond prices are rising and why the pps is on a rocket
ship north.
What most folks are familiar with when they see the "Q" is a company
who's assets are minimal or easily repeatable. Many times these
companies are service or 'security' backed where the asset's have
little or no street value.
Chemtura is a strong company in a sector poised for growth globally.
Their assets out weight their liabilities and those assets are worth
BILLIONS due to the cost of starting from scratch, clientele, or
simply opportunity cost in the eye's of a competitor (buying a product
and immediately fulfilling economies of scale).
The fact is that most of these motions to date, as you will notice,
are nickle and dime stuff 'THE FAT'. The BP contact is a good chunk of
dollars, but with rising fuel costs that number may only remove $500k/
mo. Point being in that case your looking at less than $3M savings a
year. What Chemtura is all about and the creditors know this is cut
out the "10%" fat, sell an asset and you now not only have CASH, but
you have efficiency. Heck even the unsecured creditors aren't putting
up a fight (what does that tell you)
This is the point every nay sayer is missing. This company is so
strong that a single asset sale combined with basic BK grooming will
unleash a powerhouse in the industry. NO ONE wants to cancel commons,
that is done when the secured creditors are scrambling for a minuscule
return - this (IMO) is not the case.
Thats no surprise. I work for Agrium and I know that a lot of the herbicides,pesticides that we keep in our warehouse are on short supply. Lots of it has to do with the companies creating there own shortage so they can jack up this price. Sometimes we have growers that order materials that we buy direct for them and it still takes 2 weeks to get the material on our property. On the wholesale side this works great for us because it builds up demand for the material and in return nets us a bigger profit. Chemtura is one of our big suppliers and sometimes its hard to get material out of them because of the short supply.
I thought the following posts were important to keep up in front. Lots of great dd was done over the weekend and I just wanted to keep the great dd in everyones mind.
Posted by: jelly Date: Friday, May 29, 2009 8:14:12 PM
In reply to: None Post # of 15825
VERY interesting from court doc #467 filed today by VanDeMark Chemical. very long so i haven't read it all, but here's a few excerpts i found skimming it that were interesting, to say the least.
No Prejudice to the Debtor
37. Upon information and belief the Debtor has motioned this Court to assume
and/or reject at least three other contracts to date and appears to have a direction in mind for its
business. It appears the Debtor’s flame retardant business was inoperative for up to five months
and is now resuming. The resumption of business signals that the Debtor has a plan or buyer for
this business.
and there is also exhibit e on pg 18, an email from vandemark to chemtura. can't copy and paste that part, but here is a link to the court doc.
http://www.kccllc.net/documents/0911233/0911233090529000000000003.pdf
Posted by: CEMJQ MIllIONAIRE Date: Friday, May 29, 2009 8:58:34 PM
In reply to: None Post # of 15825
Listen up, as a poster mentioned trian funds AND COURT DOCS. I CAN'T TELL YOU HOW HUGE THIS IS. TRIAN FUNDS BOUGHT A HUGE AMOUNT AT $11.00/SHARE, GOT THEIR OWN GUY ON THE BOARD SHORTLY AFTER, AND PUT IT ALL ON THE LINE OVER THE FLAME RETARTENT CHEMICALS.
NOW, THE FLAME CHEM MAY BE SOLD TO ANOTHER ENTITY THAT JUST SURFACES. THERE ARE NOT WORDS TO DESCRIBE HOW FREAKING BIG THIS IS.
Posted by: mortgage1 Date: Friday, May 29, 2009 9:19:42 PM
In reply to: Xxxplosive who wrote msg# 15468 Post # of 15825
"So are you saying that they would be interested in the sub. fire retardant part of CEM as a asset buy or as buying CEM as a whole. Sorry if it sounds like a dumb question."
No dumb questions...and the answer to your question is: the flame retardant sub.
And you might ask Xxxplosive--why would that be "such a big deal"? Because any substantial sale of part of CEMJQ that would provide enough money to eliminate the short term debt coming due in July and to provide some cash flow breathing room would eliminate ANY doubt of how commons will fare, therefore setting this stock off like a virtual rocket!! For real. Just watch if that happens.
Having said that, even if that does not come to pass, I am still in (thanks Dr. R!) because this company is still grossly undervalued relative to it's assets and future cashflow. Heck, it is greatly undervalued relative to cash flow even as it is now!
Flame retardants are classified under Chemtura's Polymer Additives division, as per the 2008 annual report.
This division had net sales of $1.6 billion in 2008, 45% of Chemtura's net sales overall. 48% 2007, 50% 2006.
Also included in the division are: antioxidants, brominated performance products, fumigants, polymerization additives & initiators, pvc additives, and surfactants.
Found this on page 5 of the annual report.
Go CEMJQ!!! Or rather, go CEM soon!!!(hopefully.)
Been here on the sidelines and have read every post, in at .076 avg, and really really appreciate you guys!
Don't people realize that this isnt some pump and dump penny stock. You could scare all the ihub holders into selling tomorrow and I truly think the damage would be minimal. The big boys decide where this thing goes from this point. We are just minnows in a sea full of sharks and whales.
Happy Birthday. Now can you explain why you came up with the conclusion that you did. Do you know something the rest of us don't know. I see you posted the exact same message on Yahoo. I really appreciate the fact that your trying to save us. I wonder if the institutions that bought up 20-40 millions shares over the last month will follow your warning because God knows that you are more privy to insider information then they are.
I thought the following posts were important to keep up in front. Lots of great dd was done over the weekend and I just wanted to keep the great dd in everyones mind.
Posted by: jelly Date: Friday, May 29, 2009 8:14:12 PM
In reply to: None Post # of 15825
VERY interesting from court doc #467 filed today by VanDeMark Chemical. very long so i haven't read it all, but here's a few excerpts i found skimming it that were interesting, to say the least.
No Prejudice to the Debtor
37. Upon information and belief the Debtor has motioned this Court to assume
and/or reject at least three other contracts to date and appears to have a direction in mind for its
business. It appears the Debtor’s flame retardant business was inoperative for up to five months
and is now resuming. The resumption of business signals that the Debtor has a plan or buyer for
this business.
and there is also exhibit e on pg 18, an email from vandemark to chemtura. can't copy and paste that part, but here is a link to the court doc.
http://www.kccllc.net/documents/0911233/0911233090529000000000003.pdf
Posted by: CEMJQ MIllIONAIRE Date: Friday, May 29, 2009 8:58:34 PM
In reply to: None Post # of 15825
Listen up, as a poster mentioned trian funds AND COURT DOCS. I CAN'T TELL YOU HOW HUGE THIS IS. TRIAN FUNDS BOUGHT A HUGE AMOUNT AT $11.00/SHARE, GOT THEIR OWN GUY ON THE BOARD SHORTLY AFTER, AND PUT IT ALL ON THE LINE OVER THE FLAME RETARTENT CHEMICALS.
NOW, THE FLAME CHEM MAY BE SOLD TO ANOTHER ENTITY THAT JUST SURFACES. THERE ARE NOT WORDS TO DESCRIBE HOW FREAKING BIG THIS IS.
Posted by: mortgage1 Date: Friday, May 29, 2009 9:19:42 PM
In reply to: Xxxplosive who wrote msg# 15468 Post # of 15825
"So are you saying that they would be interested in the sub. fire retardant part of CEM as a asset buy or as buying CEM as a whole. Sorry if it sounds like a dumb question."
No dumb questions...and the answer to your question is: the flame retardant sub.
And you might ask Xxxplosive--why would that be "such a big deal"? Because any substantial sale of part of CEMJQ that would provide enough money to eliminate the short term debt coming due in July and to provide some cash flow breathing room would eliminate ANY doubt of how commons will fare, therefore setting this stock off like a virtual rocket!! For real. Just watch if that happens.
Having said that, even if that does not come to pass, I am still in (thanks Dr. R!) because this company is still grossly undervalued relative to it's assets and future cashflow. Heck, it is greatly undervalued relative to cash flow even as it is now!
Flame retardants are classified under Chemtura's Polymer Additives division, as per the 2008 annual report.
This division had net sales of $1.6 billion in 2008, 45% of Chemtura's net sales overall. 48% 2007, 50% 2006.
Also included in the division are: antioxidants, brominated performance products, fumigants, polymerization additives & initiators, pvc additives, and surfactants.
Found this on page 5 of the annual report.
Go CEMJQ!!! Or rather, go CEM soon!!!(hopefully.)
Been here on the sidelines and have read every post, in at .076 avg, and really really appreciate you guys!
Makes sense. Question for you then going off of that assumption. To me it seems like the big volume days are getting closer and closer to eachother now. Do you think theres a shot that the big guys are just waiting for the June meeting later next month like the rest of us and therefore they are buying up more and more before that meeting and in the end they really dont know any more then the rest of us. Or do you think that they are buying what they want to buy because they know whatever it is they are keeping secret will eventually come out.
On a side note, could any of this have to do with the shorts. I went to the pinkseets website and we are at 1.5 million in shares short if I remember correctly, up 2 percent. But that was as of May 15
Big time sporadic volume has been going on for awhile now.
4/29 12 mil plus
4/30 30 mil plus
Previous 10 days combineds 44 mill (give or take)
The next 5 days averaged about 7.2 million
Then out of the blue on 5/8 and 5/11 we had a 15 mil and 10 million day. Then things kind of slow down again for about 7 days with an average volume of about 5.6 million. Then out of the blue we get a 23 million in volume. Our biggest day since March 31st. We slow down again for the next 2 days with about a 3 million average. May 27 and 28 we get a 18 and 20 million day. The next day is 6 million.
So from my untrained eye it looks like somebody knows something. (duh) I would love to hear the reasoning of someone who doesnt believe in this company. Could that person or maybe just a skeptical person in general, could that person explain the huge volume days that run all the way back to the end of April. Did random people in the market just come to the conclusion one day that Chemtura was something to throw some money at and that led to huge volume.
To me it looks like everytime me you, mom, pop, insitutions, loaded up on this, the next day there was profit taking. (duh again) But I think this is important because while on the days we had huge run ups and huge volume the profit taking was usually at a fraction of the previous day volume. To me it looks like the insitutions loaded up at a price they wanted to with no regard for profit takers later. They dont care about buying in cheaply the next day or accumulating slowly. No, they were like the big bully and were just going to take what they wanted and leave the scraps for the rest of us. With millions of dollars in shares being bought up you haveto be pretty confident in your decision to buy at market. I think they did it because 1-2-3-4 cents here and there is pocket change compared to what these big volume buyers are waiting for. Now I could be wrong but I bet if you added up all the shares that we as shareholders hold, I dont think it sniffs one day of those huge volume days. So where is the volume coming from. I really want to hear the other side of this arguement. I dont think I will get a response because Ihubers are not spending 7-10 million dollars a day on Chemtura. Just some observations, now I'll get back to those that actually know what the hell there talking about. Good luck to everyone.
This is an older article but really good. Talks about the ceo and his vision for Chemtura as well as an asset sale.
Chemtura's new CEO Craig Rogerson aims to turn around the struggling specialty chemical firm
Hat trick
24 February 2009 20:54 [Source: ICB]
Chemtura's new CEO Craig Rogerson comes to the rescue from Hercules where he sold at the perfect time. Can he pull another rabbit out of the hat?
DETERIORATING PROFITS, an upcoming debt maturity and a stock price in a downward death spiral - it's a turnaround situation if there ever was one. Beleaguered US specialty chemical firm Chemtura desperately needs a savior. And new chairman, president and chief executive Craig Rogerson could well fit the bill.
Taking the helm on December 8, 2008, Rogerson has his work cut out for him. He comes from a successful stint at US specialty chemical firm Hercules, where he was CEO for almost five years from December 2003 to the sale of the company to Ashland in November 2008.
Prior to being named CEO of Hercules, he served as general manager of BetzDearborn, the Hercules business that was sold to General Electric in 2002 to reduce debt.
"That experience showed me that you can sell a good business, deal with the issues, and then grow the company again. That's what we did at Hercules and I've seen nothing that gives me any doubt that the same thing can happen here," said Rogerson in an interview with ICIS at Chemtura headquarters in Middlebury, Connecticut, US.
Around the corner is a huge hurdle for Chemtura. The company has $374m in debt maturing on July 15 and has been hit with investor concerns about bankruptcy.
Rogerson is aiming to announce a major asset sale by the end of March that could bring in around $700m (€552m) in gross proceeds.
"By the end of the first quarter I would hope to be able to announce a sale. I'm optimistic as things are progressing as expected," says Rogerson.
"We'd like to net about $500m to pay down the $374m in debt, and have extra cash to deal with liquidity issues," says Rogerson.
"That $700m-$1bn range for the gross proceeds [of an asset sale] is probably not way off," he adds, referring to an ICIS report that proceeds from the sale of Chemtura's crop protection business could fetch that amount.
MULTIPLE DIVESTITURE PATHS
The company is in the process of selling multiple businesses to ensure it can pay down that debt on time and that it gets fair value for its assets.
"We have multiple players involved in multiple asset divestment paths. We've had some very rigorous screening of potential buyers to make sure they have the cash or firm financing to close the deal," says Rogerson. "Also, there is a risk that people could take advantage of our situation. So we must make sure we have multiple choices, so that there is competition in this process."
While Rogerson would not name the assets for sale, Chemtura's crop protection and petroleum additives businesses are on the selling block, according to sources in the financial community.
Signs point to a sale of the crop protection business, as it is a high quality asset that could bring in significant proceeds - between $700m-$1bn, according to sources.
"For us to get the kind of proceeds we're talking about, we have to sell a good business - not one that we would typically want to sell, but one that has value," he added.
Through the first three quarters of 2008, Chemtura's crop protection chemical segment posted a 12% gain in sales to $394m.
CREDIT RATING DOWNGRADES
Chemtura has faced recent downgrades from global credit ratings agencies Standard & Poor's (S&P) and Moody's Investors Service.
On January 22, S&P cut its rating on Chemtura by three notches from "B" to "CCC" with a negative outlook.
"Default risk is high, given the constraints on borrowing capacity and the tight timeline to complete a potential divestiture ahead of the debt maturity," said S&P.
Moody's followed on February 5 with a one-notch downgrade from "B2" to "B3" (this is equivalent to S&P's B-).
Chemtura's stock price has fallen from a 52-week high of $8.81 back in June 2008, to around 65 cents. The company's market capitalization stands at under $160m.
"The share price is not a reflection of the value of the business, but rather of whether or not we are going to be able to meet this debt obligation in July," he adds.
Chemtura is not currently pursuing a Chapter 11 bankruptcy option, according to Rogerson. That would be the last option on the table.
However, in the absence of an asset sale, the company could look for an equity infusion, although this would be highly dilutive given Chemtura's diminished stock price.
"We've had inquiries on this front and right now we're just listening," says Rogerson. "But I'm optimistic and fully expect us to use funds from an asset sale to be able to pay off these bonds due in July."
Chemtura's situation is analogous to that of Hercules back in 2001-2002 when it needed to sell off BetzDearborn to reduce its heavy debt load.
"However, it is a little different because we are not nearly as highly leveraged as Hercules was - our balance sheet is much stronger than that of Hercules in 2001," notes Rogerson.
"Unfortunately, the economy and financial markets are much different. The access to capital now is the issue - there is no access, especially for those with weak credit ratings."
REBUILDING A SOLID FOUNDATION
In the meantime, Chemtura is undergoing a major restructuring to slash costs, preserve cash and build a solid foundation for future growth.
On December 11, 2008, the company announced the elimination of 500 professional and administrative staff, or 20% of these positions. The move, to be completed by the end of the first quarter of 2009, will save around $50m in annual costs.
Then on January 19, Chemtura announced the realignment of its businesses into two groups - Performance Products and Engineered Products.
"We continue to reposition the businesses and put a foundation in place so that once we get out of this liquidity crunch, we can deliver growth," says Rogerson. "Our organizational restructuring is really aimed at putting us in the best position to win in each of those eight businesses. People in charge of those businesses will have true P&L [profit and loss] responsibility, accountability and the authority and knobs to turn to be able to deliver."
The performance products group, led by group president David Dickey, includes consumer products, petroleum additives, urethanes, and the antioxidant/ultraviolet plastic additives businesses.
Engineered products, which will be led by Rogerson for the time being, consists of flame retardants, crop protection, organometallics, and the PVC/surfactants businesses.
"We have the full bell curve of businesses - some good, and some bad, and some with better opportunities than others," notes Rogerson. "But even if we sell one of these businesses, we'll still have over $3bn in revenues versus about $1.6bn at Hercules when we sold BetzDearborn."
Chemtura generated sales of $3.55bn in 2008.
Businesses with good growth opportunities include flame retardants, urethanes, petroleum additives and consumer products, according to the CEO.
"The reason the board brought me on was to grow this company," says Rogerson. "We have things we need to fix first, but then the exciting part will be growing the business - growing through M&A. That is the goal - to use Chemtura as a foundation for growth. We have the systems and the talent to do that."
As hard as it may be to imagine Chemtura on the acquisition trail again anytime soon, Rogerson does not rule out even big deals, encompassing joint ventures or stock swaps.
"There is an opportunity in times like these, when companies are in similar situations, to do bigger deals," he says. "There is a sense of urgency out there, and synergies are more valuable than they've ever been."
Going forward, Rogerson seeks to galvanize management and employees to work as one company, rather than as parts of divisions.
"I don't think anyone could argue that Chemtura did a good job of integrating companies - Uniroyal, Witco, Crompton, Great Lakes Chemical and BioLab. If there is an advantage of going through the crucible like we are now, it's that people are clearly unified," says Rogerson.
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By: Joseph Chang
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OTC, question for you. I had an observation yesterday and would like you opinion on if there might be any merit to it. I think that yesterdays huge volume that occured in the first few hours of trading was due to big time retail and institutional buying. (duhhhhhhh) I think that they bought whatever was available and at whatever price they had to get it at because to them these prices are chump change compared to what will come. Then later in the day the volume really dropped off. I think only a million maybe 2 million were traded in the last part of the day. I think the volume was small because at that point the small retail guys were jumping in because of word of mouth. With the small retail guys in at that point the volume came down as well as the price. I think that was the reason for the 48-38 drop. I remember people were posting on the board saying that " 500 shares just took it down, 1000 shares just took it down" etc. I didnt think it was the mm's playing with this stock, but instead it was small retail guys selling and small retail buying. With no buying pressure from the institions, the price came down. The institutions had there fill for the day and left. Any merit to this at all.
Looks like another good volume day. 1 Million plus in the first 10 minutes. It was only a few days ago that we were getting 2-3-4 million total volume per day.
Interesting article on an example of companies that go bankrupt. Im not really sure of how the similarities between the company in the article and cemjq but its interesting to see what a company can do if it can make it out of bk.
NEW YORK, May 28 (Reuters) - Bill Ackman, the biggest shareholder in bankrupt mall operator General Growth Properties Inc (GGWPQ.PK), said he could gain 13 times his investment in a company he called "high quality" after it is reorganized.
The fact General Growth has more assets than liabilities was key to other reorganizations in which equity holders retained some or all of their investment, Ackman said. He spoke at the Ira Sohn Investment Research Conference on Wednesday.
Ackman, whose hedge fund Pershing Square Capital Management LP owns about 25 percent of the Chicago-based mall operator, believes extending most of the company's $27.3 billion in debt for seven years would be enough to resolve its problems.
General Growth, the second-largest U.S. mall owner, filed for bankruptcy in April when it was unable to refinance maturing debt even though it had $29.56 billion in assets.
Shares of General Growth soared 37 percent to $1.80 in over-the-counter pink sheet trading on Thursday.
Even if General Growth comes out of bankruptcy with a 9.4 percent cap rate, which Ackman called "extraordinarily conservative" and more than what mall owner Simon Property Group Inc (SPG.N) trades for, "you get back 13 times your investment."
"This is not your typical bankruptcy," he said. The cap rate determines the value of a property based on estimated future operating income.
General Growth is well managed, has the second-highest occupancy rate among U.S. mall operators, owns high quality assets and generates more cash than it needs to operate, Ackman said. Most of its debt has fixed interest rates, which will be a boon in a looming high inflation environment, he said.
But the company refinanced its debt through commercial mortgage-backed securities, a market that was slammed last year when credit markets dried up after investment bank Lehman Brothers filed for bankruptcy in September.
The market capitalization of General Growth, a company Ackman said had never sparked a mortgage default since its founding in 1954, plunged to about $100 million from a peak of $20 billion in April 2007.
"What we propose is GGP simply extends the maturity of its debt for seven years. We think if they extend their debt for seven years, everyone comes out whole. There's no fire sale liquidation, the equity remains intact," he said.
Clearly, we think there's plenty of asset value over liabilities," he said. "We think (there's) huge potential award relative to limited risk. Limited depends on your stomach."
Ackman said he learned the importance of a company's assets in a bankruptcy case while he was a business school student and bought shares in failed department store Alexander's.
"You can make a lot of money investing in a company even if it files for bankruptcy, as long as the assets are worth more than the liabilities," he said.
Ackman also said that bankruptcy law precedence favors General Growth, and that Judge Allan Gropper of Southern District court in New York will prove good for shareholders.
"I've met the judge, I've heard what he has to say. We think he's the right judge at the right time," he said. "I think no judge today wants to cause this company to liquidate."
Finally, Ackman said he will be a tenacious advocate for shareholders, another key for equity investors getting back their investment.
"We think inflation is a friend of the company and the nuisance value of the equity can be meaningfully greater than zero and I can be a nuisance," he said. (Reporting by Herbert Lash; Editing by Kenneth Barry
Hey im with 100 percent. Who cares. But you realize this isnt just me, you, joe blow buying up that many shares.
.40 and 4 plus million in 17 minutes. Unreal. Congrats cemjq for being a millionare. I hope to get there to. Oh and by the way, im not sure how I found this board, but thanks for all the great dd and the encouragement. Like I said before, I work for a division of Agrium and Chemtura is a huge supplier for us. I'll go to work today and find out what I can about Chemtura. Maybe there something coming down the pike that that we has business partners are privy to. If I find something out, I'll report back.
Where is the news. I am not complaining one bit, actually let it ride like this and hold the news for all I care. But there is no way 18 mill was traded yesterday and 20 million last week and theres no news. Someone has to know something and there buying because they know this is cheap compared to what it will be when whatever gets released actually gets released.
Wow 35 and 2.2 millon shares in 13 minutes
1 million shares traded 6 minutes in
Yeah, sorry about that.
Just to give you a heads up on Arnold, he was apart of another q I was in. LFGRQ. I have moved on from there and looking at his posting history I assume he also moved on but when we were both posting on that board, he wasnt the most knowledgeable person on that board. He basically would say, I think its going up, I think its going down, blah blah blah. When somoneone would ask him how he came up with the conclusions he was coming up with, he would always refer that poster to the moderator and would never answer for himself. If someone would put up a chart and explain themselves, you could rest assured that later that day Arnold would be talking about the same chart and explaining it like he was the one who came up with the information. Or he would say, what do you guys think about this, what do you think about that. Fast forward to now, and he's talking about charts and trends, etc and obviously he doesnt know whats he talking about. Not sure how you go from knowing nothing in one Q stock to being able to tell others that he sees a b and c in this chart and he predicts something will happen because of xy and z. Take what he says with a grain of salt. The proof is in the pudding. Obviously he's not here today and we are up 80 percent, so much for the predictions.
No problem. Any info I can gather I'll let you guys know. By the way I got in early last week because of my dealing with Chemtura but more so because of this board. Lots of great dd on this board and great minds. I look forward to riding this one out and hopefully making some decent cash.
I work for a division of Agrium called Crop Production Services in California. We had a rep from Chemtura come to our branch a few weeks back to basically put our mind at ease. Chemtura is a big supplier for us and we just wanted to make sure that if we promised our growers and dealers product that Chemtura made that Chemtura would be able to fufill there end of the bargin. The rep made it sound that while they were in BK proceedings that everything would run smoothly and we would have no issues. Up to this point we havent had any problems. As a matter of fact our branch ordered a few pallets of insecticide. We ended up not using all of the material and had 1 full pallet left. This pallet was probably worth 100000. Chemtura took the pallet back off of our hands, refunded the money under a "product protection" program that they implemented a few years back. Now I know its not earth shattering but you would think that a company that is under a bk would not want to take the product back especially since the material was already bought and paid for but they had no problem with it. Again I know none of this is earth shattering but I wanted to give you guys a view from someone that works in the industry and deals with Chemtura everyday. I'll ask some questions at work and see what else I can find out.
Added another 25k at .043. Good luck to everyone
Anybody have and l2 shot. Tia
News got my attention as well. Saw some familar faces here and invested. In for a starter amount. 25k. Good luck to everyone.
I put mmrf into my alphatrade l2 screen and it came up with a limited amount of mm's. I then tried mmrf_v and a bunch showed up. Just in case people were having a hard time with there l2's, thats what worked for me.
Yeah its actually a little over 6000 shares.
I was sitting at 28 and didnt get filled. The 275 was filled ahead of me. Then I sat on 275 and someone else got filled at 27. Weird but what are you gonna do. If anyone is interested I am sitting at 275 again waiting to get filled. My bid isnt showing. Its like the mm's are forcing everyone except them to buy at the ask. They wont let me u and joe blow by on the bid.
M is for ‘Mayhem’ on MTV
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Friday, March 27, 2009
by Lotfi Sariahmed (lotfi@sherdog.com)
The fight community is well aware of Jason “Mayhem” Miller. Last Sunday, the rest of the world was introduced to the larger-than-life personality as the host of the MMA-inspired reality series “Bully Beatdown” on MTV.
The world apparently liked what it saw, as the show’s debut was No. 1 in its timeslot for Male Teens and Males 12-34 with a 1.18 rating for 1.4 million viewers, according to a rep for Viacom, MTV’s parent company.
Helmed by reality TV founding father Mark Burnett and based on a deal he struck with Pro Elite in 2006, “Beatdown” gives victims the chance to fire back at their real-life bullies, who step into the cage against very-real fighters for cash.
“I step up, give the bully 10 G’s ($10,000) to step up against one of my guys who are usually well known fighters, Tony Bonello, Conor Heun, Jake Shields beat up a few guys for me,” Miller told the Sherdog Radio Network’s “Savage Dog Show” last week. “They step in the cage. Why do they do this you ask? Well because I flash 10 G’s in their face. So lets say if you hear about the 10 G’s and they go, ‘Oh, ok.’ And on top of that I call them out in front of their crew or at their house or whatever. I call them out. Then they get their a-- beat.”
Aside from the cold, hard cash, Miller said the run-of-the-mill bully’s lack of knowledge for the sport also helped producers lure them into the cage.
Jason Miller exclusive interview.The bouts were far from fun and games though. Bouts were overseen by the Utah Athletic Commission, while refereeing pillar “Big” John McCarthy was brought in to makes sure neither bully nor fighter took things too far.
Miller’s quick wit and over-the-top hijinx makes him a natural for the small screen, but he said the spotlight wasn’t all it’s cracked up to be.
“It was all right but it was annoying,” Miller said. “You stand around a bunch and you just whatever. I would rather get in, punch everyone in the face, and then get out. I’d rather be fighting all the time then do TV honestly. But did I have fun doing this? Hell yeah, it was awesome. It was hilarious. It was a good time. I felt like being on MTV was a perfect fit because I like to hump young chicks.”
It might not be long before teenagers are running rampant through the streets sporting Mayhem’s trademark red hair stripe, but Miller the TV star hasn’t forgotten his roots quite yet. The 28-year-old returns to the ring against local standout Kala "Kolohe" Hose for Kingdom MMA on April 18 at the Blaisdell Arena in Honolulu, Hawaii. Kingdom MMA is an off-shoot of promoter T. Jay Thompson’s Icon Sport, which crowned Miller its middleweight king after his third-round arm-triangle choke submission of Robbie Lawler in 2006.
Miller’s name has also been raised in fighting circles in recent weeks surrounding comments he made about UFC welterweight Georges St. Pierre. B.J. Penn has called for justice after the Canadian’s cornerman was observed by Nevada State Athletic Commission officials applying Vaseline to the fighter’s back between the first and second rounds of their Jan. 31 bout at UFC 94.
Miller, who lost to St. Pierre at UFC 52 in April 2005, believed the Canadian was “greased up” during their welterweight contest and certainly sympathized with Penn.
“It’s like, ‘Yeah, get over it,’ but it was the same thing when I fought him and he was greased up,” said Miller. “I was like, ‘[Referee] Big John [McCarthy], he’s greased up.’ He didn’t give a damn. ‘You’re getting beat up. Shut up.’ It’s just now the commission is telling B.J.’s mom that. It sucks that’s what it has to come to.”
He also spoke candidly over what he perceives as a blatant disregard of the rules.
“We go all the way up to the commission and from me getting beat up in the second round saying, ‘Hey, this guy is greased up,’ to BJ taking it all the way to the Nevada State Athletic Commission and them still saying, ‘Nah,’” said Miller. “Like look, don’t have the rule if you’re not going to enforce it. Don’t even have the rule. Let’s just cover ourselves in baby oil and let’s fight. Lets do it. Like I didn’t really care. I would fight Georges with a tire iron. We both have a tire iron and a trash can lid and I’d fight him like that. But that’s not the rules. The rules are don’t grease yourself up and he broke them, but no one gives a damn.”
As for “Beatdown,” Miller said he won’t be stepping up himself to face the assortment of neighborhood ruffians that MTV has found for the show’s first season -- at least not yet.
“[I fought some bullies] when I was younger, but for this series, so far, it’s a secret,” he teased.
“Bully Beatdown” airs Sundays on MTV at 9:30 p.m. EST/PST.
Rain, I came across something that I thought was a little interesting. I have a smartmoney portfolio tracker. Everyday I log on to see if I am up or down with my combined accounts. Today I logged on and while FVRL showed up along with how many shares I owned, what didnt show up was a current price, shares traded and percentage gain for the day. The only thing that showed up was a ticker and my shares. Maybe it means nothing, who knows. But with the ticker changing one of these days, maybe smartmoney a little ahead of everyone. On second thought with the gains we have a had the last couple of weeks, they can hold off on the ticker change. Anyways, great day today, great dd as always, great board, great posters, and great stock.
Miller brings MMA to MTV
By Dave Meltzer, Yahoo! Sports
Mar 20, 7:33 pm EDT
“Bully Beatdown,” debuting this Sunday on MTV, is the newest Mark Burnett (“Survivor,” “The Apprentice,” “The Contender”) reality show and combines mixed martial arts, a whacky host and a simple concept. People who are being picked on write letters to Jason “Mayhem” Miller, show host and MMA star, who meets the victims, hears their stories, then confronts the perpetrators, offering them a proposition: They can make some money fighting someone who can dish it out, or they can back down on national television.
If they accept, the bully gets into the ring with one of Miller’s friends and/or training partners, an MMA fighter who is roughly the same size as the bully. Miller sits with the victim, and they watch as the bully is put in the position as the victim.
“I’m the superhero who confronts the bullies,” said Miller. “I offer $10,000 to the bully to fight an MMA fighter of his weight.”
But it’s not MMA fighting.
The fights consist of two three-minute rounds. The first round is submission grappling. The bully starts with $5,000 and for every time he taps during the three minutes, $1,000 goes to the victim.
The second round is kickboxing. The bully is allowed to wear headgear, and the two fight with heavily padded gloves. This is a $5,000, winner-take-all round. If the bully can survive without being put down for the 10 count, he gets the money. If he’s knocked out, the victim gets the money. The end of the show is a resolution as, in theory, the bully learns a lesson when the shoe is on the other foot.
The show airs at 9:30 p.m. ET on Sundays, and eight episodes already are in the can. Miller, who said he thinks there are moments on the show that will become water-cooler talk on Mondays, noted they are still looking for new stories for future episodes. Anyone who feels they’ve been victimized can contact him at bullycasting@yahoo.com.
According to Miller, the show – filmed mostly in California and Utah in February – features some good beatdowns.
“The shows will be great television, but it won’t be winning any Emmys,” he said joking.
“A bully does lose some teeth in one of the episodes. This is 100 percent real. A lot of people who heard about this think it’s fake, but it’s legit.”
Miller said there are bullies who take beatings, and there are bullies who survive the beatings and collect the money.
Miller got the call to host the show when producers, looking for an MMA fighter, saw his YouTube videos called “The Mayhem Show.”
Among the fighters who face bullies are Australian middleweight Tony Bonello (16-1-1), who formerly fought for Elite XC; lightweight Conor Heun (8-2), a veteran of the old International Fight League and Elite XC; Jake Shields (22-4-1), who held the Elite XC welterweight title and is one of the top fighters in the world in his weight class; and heavyweight Michael Westbrook (1-1), a Brazilian Jiu Jitsu practitioner better known as an NFL star, a wide receiver who was the fourth pick in the 1995 NFL draft and played seven seasons with the Washington Redskins and Cincinnati Bengals.
Miller (21-6), 28, doesn’t fight on the series. Best known in Hawaii during the heyday of the old SuperBrawl/Icon Sports promotion from 2003-06, he’s gearing up for his next match, on April 18 in Honolulu, against Island favorite Kala Kolohe Hose in the debut show of the Kingdom promotion.
It’s somewhat of a revival of Icon Sports, since T. Jay Thompson is heading the group, but the Icon Sports promotion was purchased by Pro Elite, and that organization no longer operates. Miller lived in Honolulu during that period and regularly headlined shows at the Neal Blaisdell Center Arena. On Sept. 2, 2006, he beat Robbie Lawler to win the Icon Sports middleweight title, but he lost it on Dec. 1, 2006, to Frank Trigg.
Known for outlandish ring entrances and claiming a fan base that he calls the “Mayhem Monkeys,” Miller claims his martial arts discipline as professional wrestling (an idea taken from Josh Barnett). His style is more fitting for Japan, where he’s scheduled to return this summer with the Dream promotion.
Once while in Hawaii, he participated in a freak show match. He bulked up to 200 pounds and faced 6-7, 350-pound football player and pro wrestler named Stefan Gamlin, who was nearly twice his size, but had only limited fighting experience. It was pushed as a battle of fighting skill vs. size, and Miller submitted Gamlin in just 46 seconds. Perhaps his most famous match was four years ago, when he went the distance in losing at UFC 52 to Georges St. Pierre, in his only bout with the promotion.
Last year Miller fought in the Dream promotion, in their middleweight Grand Prix, where he lost via decision in the semifinals to submission master Ronaldo “Jacare” Souza.
“I love Japan,” he said. “When you go there, they treat you like a king. You get treated like a legitimate athlete and like a legitimate star. I love America but I have to find the right place for me here. I can only do this for so long, and you have to go with best offer.”
Miller thrives on the entertainment aspect, coming to the ring and dancing like a monkey.
He noted that in Japan, the fights themselves are part of a larger show, designed to entertain you from start to finish, whereas in the U.S., it is just about two people getting into the ring or cage and fighting.
“They don’t up the entertainment here because they don’t have to.”
FVRL News:
MMR Information Systems, Inc. Taps Health Information Technology Veteran Gene Barduson
Wednesday March 11, 10:00 am ET
LOS ANGELES, March 11 /PRNewswire-FirstCall/ -- MMR Information Systems, Inc. (OTC Bulletin Board: FVRL - News), which through its wholly-owned operating subsidiary, MyMedicalRecords, Inc. (collectively, "MMR") provides Web-based consumer-controlled Personal Health Records ("PHRs") (www.mymedicalrecords.com) and electronic safe deposit box storage solutions (www.myesafedepositbox.com), announced that it has selected Gene Barduson, whose 30-year career in Healthcare and Information Technology includes CEO positions with Alteer Corporation, Apexion Technologies, Inc. and EDiX Corp., to build the company's professional healthcare IT customer base, with an emphasis on introducing its new MyMedicalRecords Pro ("MMR Pro") product to the healthcare marketplace.
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"We recognize that we need someone with Gene's credentials to help direct the launch of MMR Pro," said Robert H. Lorsch, Chairman and CEO of MMR Information Systems, Inc. "Gene's skill and success at selling products and services in healthcare and information technology and his credibility in the industry is an opportunity for MMR that could not come at a better time going into HIMSS. Gene is also a respected CEO in the health IT venture world and we anticipate that he will be instrumental in helping us create the strategic relationships necessary to build on the company's value propositions."
"Allowing Gene Barduson to focus on professional healthcare will also enable me to concentrate on government relations, including opportunities to benefit from stimulus monies that might be available for Personal Health Records, as well as exploitation of our secure online document storage system, MyEsafeDepositBox, to the legal, insurance, banking and employee benefits marketplaces. We are excited about Gene's involvement with MMR and look forward to his becoming a long-term member of the company's senior management team," added Lorsch.
"MMRs unique design looks at medical information from the patient's point of view," said Barduson. "It provides a peripheral vision of the patient's history across the continuum of care. The time is right for personal health information which is easy for each of us to access, and I am excited about the value MMR can add to physicians, hospitals, payors and patients."
MMR Pro is a low-cost Electronic Medical Record ("EMR") designed to allow physicians to efficiently scan and digitize their paper records, upload them to a secure, Web-based portal and then be able to share records with patients through a separate patient portal called MMRPatientView. Patients would then have the opportunity to upgrade to a full-featured MyMedicalRecords PHR account. Because MMR expects to offer an administrative reimbursement to physicians who utilize its MMR Pro service, and patients have the opportunity to upgrade to a full-featured MyMedicalRecords PHR, MMR Pro is expected to be a revenue driver for the professional marketplace as well as creating an additional revenue stream for the company.
Barduson will be in attendance at the upcoming HIMSS09 Conference and Exhibition, April 5-8 in Chicago, when MMR will demonstrate its PHR products and launch its marketing strategies for MMR Pro.
Barduson began his healthcare technology career in 1989 as Executive Vice President with Shared Medical Systems in Chicago, now part of Siemens AG, then a billion dollar company providing clinical and financial software to hospitals. As President and CEO of EDiX Corporation in La Jolla, California from 1996 to 1999, he engineered a turnaround situation resulting in the company being purchased by IDX in 1999. Barduson remained with IDX until 2001, growing its annual revenue to more than $100 million.
In 2001, Barduson was elected Chairman and CEO of Apexion Technologies, Inc., which supplied software, hardware and services to hospitals using bar-coding and RFID technologies to manage the supply chain. He engineered the sale of Apexion to Lawson in 2003. That same year, he was appointed President and CEO of Alteer Corporation, which sold software for physician practices. Barduson raised venture capital from Sanderling Ventures and others, and successfully repositioned the company as a service company providing turnkey services to physician practices. Alteer was purchased by American Health in 2007. Barduson currently serves on the Board of Directors of four healthcare-related companies, Benchmark, Heartland Information Services, PerfectServe and Vesatek, and was appointed to the Board of Trustees of Western University of Health Sciences in June 2008.
Bid 2@.185 vs Ask 2@19 2@20 1@224 1@24