Chemtura Corp (fka CHMT)

[wave runner]

I think its dead money for a while now. We are floored by the debtors POR . I Bought some @.36. The motion for exclusivity is a total bummer as we all know but even under the debtors POR there is upside from here. The onus is now on gErber to challenge all the various valuations within their POR. FOr instance the pension, and a bunch of the claims are highly disputable. Our atty and the large institutional holders of equity both inside and outside of the EC are not done yet either.

Maybe its irrelevant but does anyone know if the reason that the EC Por wasnt more robust was due to the difficulty to get a true legal financial commitment related to outstanding claims against the company? In this sense was the UBS letter the closest they could get as a consequence?

Lastly, I did find out that "accredited" investors are able to dial into the courtroom.

Thanks to those who went to the court, If I were able I would have done the same. It must have been a tough thing to post that day for sure.