Chemtura Corp (fka CHMT)

[loupai]

Shareholders Plan

I think the transcript gives great insight into the situation; Equity doesnt yet have all the money ready, and may need to do some valuation scuffle, which the Judge probably would prefer not to have but rather a consensual plan.

The Debtor and Bondguys clearly are chiding Equity for not having a plan ready or firm commitments yet. We are really now at the mercy of UBS and the EC to come with a solid plan, or the Judge likely is to defer to the existing POR.

So, lets hope UBS is motivated by their incentive fees to get the money needed to pay off debt and create some sort of POR that works enough to be leverage to get us more than the current 5%