Tronox Inc. (TROX): Madclown, visteon and chemtura didn't ha...

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Tronox Inc. (TROX)

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pinkyringcapital

Re: Madclown post# 5213

Tuesday, 10/05/2010 7:23:29 AM

Tuesday, October 05, 2010 7:23:29 AM

Madclown, visteon and chemtura didn't have environmental concerns who refused to let equity participate in a recovery. I place the blame squarely on tronox mgmt who didn't negotiate a proper settlement with the environmentals. The ECs hands appear to have been tied by the poor mgmt team who admitted in court that they have no restructuring experience. However, having said this, I wonder if the EC could have forced their way into that negotiation rather than sitting passively by and letting it happen.

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