OK, so I've had some time to read over it now.
Here's what I see:
Immediate
Your # of old Chemtura shares x .0144 = new Chemtura shares you get.
That's .194/share value using the launch price of 13.45/new share, although the new shares are trading higher than that right now so it's actually a bit more valuable.
Later (no one can say exactly when)
There is about $103,000,000 put aside for various claims (Diacetyl, Environmental, Disputed Claims, Segregated Claims). Whatever isn't paid out in claims, goes to us old shareholders on a pro rata basis. Presumably, this will be whichever shareholders are holding CEMJQ when it stops trading. Which should be...soon?
How much of that $103mil will be paid out to claims? Well, the document says that that amounts put aside are based on estimated actual payable claims plus 20%. So, one might assume that at least 20% will be left.
So, let's say $20mil? That's only an additional .08/share as there are 242,900,000 old Chemtura shares outstanding. $40mil would be an additional .16/share. $50mil would be .20/share, and I don't think we could hope for more than that.
