OK, as stated before, Chemtura is a client and my primary contact reports to someone that reports to the CEO (Rogerson).
Rogerson is putting out the word down the chain of command that Chap 11 emergence will be in September. So, it must be understood within Chemtura that this court case has got a ways to go yet. Especially if we consider that, a few months ago, he was telling them that Chap 11 emergence would be in the June/July time frame.
Also, the company has very aggressive growth targets. Growth targets that to me seem like they could not be made with normal sales growth. That means acquisitions, which is why he wants to be debt free or debt light to make those plays I guess?
I do not discuss details of the Chap 11 situation with my contact since I don't think it would be professional or ethical. Above points are things they need to tell me so we can be positioned to support their requirements.
Main thing now is to see what the EC can come up with, though. That's a lot more important than the little snippets above.
