Chemtura Corp (fka CHMT)

[catdaddyrt]

This is old but it does put us very close to the time frame mentioned and key objective--I believe we are on the cusp of this very asset(s) sale.

Rogerson said that one of the Company's key objectives in the first half of 2009 is to secure the liquidity to meet the maturity of Chemtura's 2009 Notes when they come due on july 15 2009.Our primary and preferred path to obtain this liquidity is the sale of asset(s), he said. "We continue to pursue multiple asset divestment alternatives with multiple players and are in the midst of diligence activities with potential buyers.As we evaluate all of our alternatives( including asset dispositions), We will act in the best interests of all our stakeholders.While there are no assurances of success until a transaction is completed, the process to sell an asset continues to make solid progress."
This is from feb.10th but the time line suggested is with-in 10 days--not that any schedule of anything in this BK will happen without delay but some food for thought. also as far as cemjq being down 14 mil. in april and 7 mil for may--the crop protection ALONE made 63mil the first 3 qtrs. of 2008=21mil per month profit on this one division --so we could all be suprised with the first qtr. 2009 even with the first 2 months down- this is one bad-ass company--and now for the naysayers!