I realize you guys put the issue of commons being cancelled to bed early last night but I would like to make one last comment on the subject. On November 14th I believe the extension on the 120 day exclusivity period runs out for Chemtura. With Rogerson wanting to exit bankruptcy in March there is little or no chance that this period gets extended again. With this being the case the POR will get filed in November and on time. By definition the POR contains a "detailed description" of how Chemtura plans not only to exit bankruptcy, but how they "plan to pay back creditiors". Unless I am misunderstanding the purpose of the POR it will contain exactly what means of payment Chemtura intends to use to pay off their creditors. We all seem to be asking the same question, will the commons be intact when Chemtura exits bankruptcy in March? We won't have to wait that long, we'll have our answer in November. I know the numbers are not in our favor, however there is one statistic that bears some notice. From the information I have been able to gather it appears that in "almost all" the cases where commons were cancelled due to bankruptcy, the company made public their intention to cancel shares. The fact that Chemtura hasn't come out and said the commons are going to be cancelled 165 days into bankruptcy could be construed as confirmation that the shares will stay intact. Am I showing too much faith here?
