Chemtura Corp (fka CHMT)

[wave runner]

There are alot of things going on here as I see it. I agree whole heartedly about justavoices summary of the banks and their willingness to lend to anything not a high probability payback or reasonably salient assets.
Initially, I havce to say I was a bit freaked out that a deal could close this quickly because my impression was that it all but sealed the debtors POR. I have siunce learned this is not the case. The other thing which has confused me is to whom is the judge (Gerber in this case obligated to) Is this some altruistic venture aimed at reviving a company and saving jobs? Or as many have suggested will he do the due dilligence necessary to uncover a truer value of this company which EVERYONE, I mean every stake holder knows to be true of this company. Those Q2 numbers showed undesputable evidence of an improving company regardless of the picture Rogerson (undesputably a self serving parasite) and the debtors and creditors who are posturing for the best deal they can get.
That leaves us with the following hopefuls: Gerber gets the game and will act appropriately at the right time. Goffman, our attourney has a plan that is yet to be rolled out. But neither of these two factors explains the bid to the equity to my satisfaction.
I have stated in the past that I think the probability of either a new deal presented by the big holders of the equity OR a takeout by one of the companies who had expresseed interest in 2008 OR even a new acquirer are higher than anyone thinks. There are a number of other banks not in the B Of A syndicate whose interests will get piqued seeing the commitment in place. Paraphrased from the movie scarface. "dont underestimate the other guy's greed"
VOTE NO, they cannot treat no voters differently than yes voters