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Madclown

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Madclown

Re: pinkyringcapital post# 2794

Thursday, 04/22/2010 1:42:36 AM

Thursday, April 22, 2010 1:42:36 AM

Post# of 7206
I am not sure that the issue is settled, but I am also not 100%sure that there is an issue. I have to do some work on this but my understanding is that those properties were originally purchased/acquired from the Department of Defense and that there were certain indemnities granted in connection with that transaction. If this is true then it would explain why the company disclosed in the footnotes of the MOR that they expect to eventually record a receivable for a substantial portion of the $55 million charge recorded in March.

http://www.chemturaresearch.blogspot.com/
http://tronoxequity.blogspot.com/
http://migpreferred.blogspot.com/



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