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Re: jaxstraw post# 4065

Friday, 08/06/2010 12:42:37 AM

Friday, August 06, 2010 12:42:37 AM

Post# of 7206
It is very curious that neither the UCC nor the EC objected to the disclosure statement. That would seem to be a very rare occurrence for two constituencies that received considerably less than they had been anticipating all along, especially in light of the fact that the market for TiO2 is absolutely on fire. I am hoping this means that the Debtors, Creditors and Equity Committee are working consensually on an alternative plan framework but that is only one possible explanation that may have to be filed under the heading of "rank speculation".

If my assumption is incorrect then I guess congratulations are in order to the Debtors for filing the perfect disclosure statement; one that is free of any unfair treatment, is materially correct in all respects, contains no ambiguities and one that contains no uncertainties such that all parties are able to make both an informed investment decision and such that all parties are able to reach an informed decision as to whether they should accept or reject the Plan. Congratulations indeed!
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