Chemtura Corp (fka CHMT)

[wave runner]

So Natasha's arguement that the EC POR relied on too much leverage and here go the parasites essentially driving down the same path. Someone help me understand why the Ad Hoc bond committee is entitled to 7mm dollars (I missed the explanation for that)

Meanwhile, did some digging. It was discussed on the board last week that there was a requirement to notify the bankruptcy judge on accumulations above 5 pct. It looks like the number may be higher than this. Additionally, it is possible to buy derivative (long equity exposure) which exceeds these limits. The investor buys the derivative and then the counterparty has to cover that exposure in the cash (equity in this case) market. This would offer an explanation as to why so many shares traded last week at .40

Geez I hope Gerber gets what is going on here.