Chemtura Corp (fka CHMT)

[johnny2525]

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!