Tronox Inc. (TROX)

[titaniuminvestor]

The current CEO, Dennis Wanless, has little if any shares. He was put into this position to reorganize after Tom Adams was kicked out by the Board. Even the Board held very little shares before the bankruptcy. Tom Adams only had around 255,000 before he got the boot.

If you think the CEO is dumping shares to raise cash, I don't think he has any to release. He is making all his money on the structure of his contract, which is short-term.

And, he has no intention of hanging around after the re-emergence from bankruptcy.

I think this is why it is taking longer for more news. For Tronox to re-emerge, they need a new CEO, a Board and a new management team. All this has to be put in place. They would be crazy to put John Romano in charge, but he is the last guy standing right now. If he is put in at the top, that's when you know it's time to unload your shares.