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Re: wall_street61 post# 39987

Saturday, 09/26/2009 11:26:11 AM

Saturday, September 26, 2009 11:26:11 AM

Post# of 67237
Thanks Wallstreet, but no thanks. I'm no fan of those b.....s either, and I think Obama and his cronies are going to run this country into the ground. Politics aside, your argument is a "very good" one, and I agree that there is a sense of urgency, and that BK is costing Chemtura some big $$$$$. I guess I worded my post wrongly, I was merely trying to suggest that Rogerson and company have given myself and probably many others thee impression that they want to keep the company intact, and may choose to give some of the other options consideration in order to avoid having to sell off any of the assets. I agree that the clock is ticking and that the economic environment is getting "worse", not better like Obama and his cronies would like you to believe. Something needs to be done now. Rogerson in my opinion has been wearing a poker face this entire time, and has been running a bluff on us by making us think he is considering these other options. Rogerson knows that an asset sale is his best option, and by suggesting to us that he may use one of these other options, is merely a means to create a smoke screen in order to give himself leverage in future negotiations. Chemtura wants that 400 million dollar debt "gone", they don't want to postpone it. I think Rogerson will reveal his hand shortly, and that hand will be advantageous for everyone, including shareholders, and will confirm that an asset sale was always Rogersons end game.
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