Chemtura Corp (fka CHMT)

[BBalls-N-CowTown]

Link seems to indicate to me that it is, someone much more qualified than I should be consulted IMHO.

http://www.gibsondunn.com/publications/Documents/Weirick-Wortmann-Stephens-Barinsky-DownRoundFinancings.pdf

If that answer is still yes, then it opens some interesting "options" about what really could be done with all that new cash as obtaining it is now no longer a question.

With dilution, market has valued these shares at about $10, seems a damn shame to just let a few jackanapes walk off 95% or more of it when the whole process can and probably should be reversed by a federal district court under the right circumstances.