Chemtura Corp (fka CHMT)

[oaps222]

We all know that the Debtors' POR with their arguments are manipulations of the BK laws, not applications of the BK laws. The POR should not be confirmed.

I am hoping that Judge Gerber does not confirm the POR by Oct. 15, so that the execution of the new Bond with a higher rate is cancelled. Rather, Judge Gerber simply reinstates the 2016 Bond (the 2026 Bonds as well) to save all those unnecessary $70 M fees.

Then, he can direct Chemtura to issue additional shares (100 to 200 M shares???) with a market price ($3-$8???; not SVP/Canyon's unrealistic $1.00, though) to cover the 2009 Bonds and other debts. I think that would be the simplest way to get out of the BK.