I don't pretend to know half of what some on this board know, nevertheless I'll give you my opinion on your post. I don't know how much money you have wrapped up in your investment, or whether you need this money back anytime soon. I too have a considerable amount of money invested in this stock. I invested for various reasons, which are not important at this moment. I could have pulled my entire investment out at .48, however I choose to sell only a small portion of my total investment, and hold the rest. Investing in a BK stock is risky, however I believe that the potential here is far greater than your normal BK. I can't say with 100% confidence that I think my shares won't be worthless once Chemtura emerges from BK, but I'm pretty damn close. There is no way Chemtura falls into Chapter 7. The current price after todays close is .24. The monthly operating reports show that Chemtura has turned things around. Come November the POR is due, there will be no extension beyond this date. The Chemtura BK will run the entire course and then they will emerge stronger than they were pre-BK. If the fundamentals continue to get better, there is no place for the PPS to go but up. I don't know how long you can keep your money tied up in Chemtura, however if you are financially able to wait things out I suggest you do so. Come the end of the year your patience will be rewarded, so hang in there. Don't expect immediate results unless some big news happens soon. Be patient, you made the right choice!
AI
