Tronox Inc. (TROX)

[Madclown]

I am not sure that the "seized" part is quite as bad as it sounds. I believe that operating as a Debtor in Posession within the German bankruptcy system is not as common as it is in the U.S. My understanding of the way it works in Germany is more like when a Trustee is appointed in a U.S. case to administer the bankruptcy proceedings in the stead of current management. As a debtor in posession one has more administrative control over the company while operating inside a bankruptcy proceeding. In any event, the return to full operating capacity should bode well for a sale or in the event that the German sub reorganizes as a standalone company.