Chemtura Corp (fka CHMT)

[wave runner]

There are essentially two courses of action available to we shareholders as I see it. Make sure that everyone gets their vote in AND reinforce BBalls comments with Goffman's office. I called them as well but missed the return call. My message will be that there are many shareholders experiencing difficulty voting (which could be a useful conveyance in court to derail proceedings (I am not a lawyer tho) AND reinforcing BBalls good work in emphasizing that the claims are being settled for much better numbers than worst estimates. Lastly, the debt restructuring is a sham. The recent issues of debt are all trading at premiums despite actually being bonafide-the debt does not actually become active until the debtors POR has been accepted by Gerber. This last point means that investors think this debt is money good and too cheap. This is another example of the abuse that is occurring to shareholders.

I think the weak price action was completely related to the meltdown today. Noone would bid aggressively on a day like today.