Chemtura Corp (fka CHMT)

[akswhy]

Court docket 6 references the preservation of NOL's and restrictions on selling and buying which could cause an ownership change affecting Chemtura's preservation of NOL's.
In the docket it references

16. As of December 31, 2008, the Debtors had NOLs of approximately $245 million,
and Tax Credits of approximately $68 million. These Tax Attributes could translate into a
potential future tax savings of approximately $166 million, based on a combined federal and
state income tax rate of approximately 40%.

I guess I was way off on the 1B estimate of NOL. In any case Chemtura wants to preserve NOL's and for that common cannot be canceled.

http://www.kccllc.net/documents/0911233/0911233090318000000000018.pdf