Chemtura Corp (fka CHMT)

[akswhy]

His asset sale comment is spot on, and after reading that, I was speculating about all those foreign law firms Chemtura has retained. Are they looking to offload their foreign operations? They would not need court approval for that.
Chemtura obviously has money to pay the bonds. But from where?
I kind of doubt they bonds would be this high if they were to cancel common and pay off bondholders with new equity. Chemtura has not submitted POR that would contain that. Otherwise, excuse me, that's insider info, or does that only apply to peons like us?
Would they refinance? Then why would the unsecured be at $80 considering refinance only delays debt?
Signs point to an asset sale, only question then would be is asset sale enough to keep common 100% whole or some dilution?