Chemtura Corp (fka CHMT)

[novachem]

Thank you and Good bye CEMJQ - Time to share the truth:

It was great pleasure to know some of you and made some good friends in the past 18+ months.

Weather you believe it or not, wally's letter was in right direction if you remember. No body from our EC questioned about project Cloud or discussed with cemjq management what are the offers on the table. I become very active one month before the BK hearing and I found out (they contacted me)that Lubrizol management met with Rogerson four times since Jan to buy industrial performance products division from Chemtura which was around a billion. I have been in touch with EC members and our council almost weekly sharing the information. I went to India and created a team of 10 people worked on giving demo's to invest in the Chemtura and I tried very hard to get us at least a dollar per share. I was able to succeed to present to reliance and four other parties in the short period of time. Unfortunately the time was very short. There is some more info which I cannot share publicly.

Unfortunately at the end of the day I have learned that our players did not play well with immaturity and greed. Screwed up the once in a life time chance. Remember under BK law, management need not reveal what offers they have got.

Rogerson screwed the shareholders by not selling the company and never revealed the buyout offer to the public. Judge was one sided and blind. EC players did not use the time properly to bring sugar daddy's to the table, it is too much for them to chew.

You can be greedy but play the game right - which never happened.

Well I have learned a lot in this process.

Thanks to all

Novachem