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rocketeer357

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rocketeer357

Re: Madclown post# 26755

Sunday, 07/19/2009 6:56:45 AM

Sunday, July 19, 2009 6:56:45 AM

Post# of 67237
Thanks MC. I think we'll see a re-fi of the 2009 bonds announced soon. If Chemtura owed the bond holders 5 million dollars, Chemtura would have a problem. When Chemtura owes the bondholders 370 million dollars, the bond holders have a problem.

Unsecured assets give Rogerson a lot of leverage when the parties sit around the table and hash out a deal.
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