Chemtura Corp (fka CHMT)

[wall_street61]

The new plan apparently cuts out any stockholders who bought after the BK filing date, as they added the words "a share of prepetition common stock" as a qualifier to receive the 5% and the right to participate in the rights offering.

If I'm reading this right, the 27 cents just went to zero (if you bought March 19th, 2009 or later) , but I'd appreciate it if someone could correct me if im wrong.