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Re: rmanton post# 1631

Wednesday, 01/13/2010 3:19:36 PM

Wednesday, January 13, 2010 3:19:36 PM

Post# of 7206
To answer some questions:
A shares have a single vote and B shares have six votes.
The plan put forward so far was only a document designed to act as a work in progress. The Equity Committee (created by judge mandate) has been assigned to represent the shareholders interest due to environmental liabilities fraud. The EC is currently working on a plan that demonstrates increased value of Tronox, and includes the shareholders in the restructure. No plan can be approved without the concensus of the EC. The current plan has not been approved, but is acting as a work in progress to avoid an auction sale to Huntsman.

We expect a plan from the EC any day now.
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