Chemtura Corp (fka CHMT)

[wave runner]

Big ones, you are a riot. Your analysis is very insightful and sound. I have seen a lot of folks looking for answers as to the position of the big hedges. I believe they are still very involved and may be just about as shocked as Gerber's decision as many of us are.

As I said previously I hve asked 2 friends that are attys in nyc and have expereince in matters such as this about the pre/post share issue. They think this language is deliberately misleading and may be the reason why our atty didnt even reference it (why give Gerber some reason to think he is making a concession to equity where one doesnt exist)

Listen its really dissapointing that the ruling didnt come our way on Monday. We would have been looking at north of .80 cent bid price and there would have been alot of enthusiasm on this board. But lets keep in mind why we bought this stock. SOme of us (not me) found this thing in the pennies, god bless them. Others were later to the party. But we bought this company because it has a good business model and was/is trading at a discount to where we think it will ultimately be. The upside prospects may be not as bright, but there is still upside.

your cemjq comrade, WR