Tronox Inc. (TROX)

[lxu0077]

uhlmant,

Always appricate your DDs. I hope you could may clarify this question regarding the warrants.

In reading your post, are you suggesting that trxaq shareholder will get the pro rata new Trench/Serail A warrants(3.5% of new common) that's striked at 1.4B EV, and trabq shareholer will get the pro rata( 4.1% of new common) new Trench/Serial B warrants stiked at 1.5 EV upon exiting BK?

I've always been under the impression that trxaq and trxbq shareholdrs are getting the same treatment in the plan. Meaning that they get both new Serial A warrants and new Serial B warrnats. In my calculation, for every 1000 shares(regardless trxAq or traxBq) someone owns today, they will get about 13(15M x 3.5% / 40M x 1000) new trench A warrants(strked at 1.4B EV) and 16(15M x 4.1% / 40M x 1000) trench B warrant (striked at 1.5B EV) on effective day.

Are I wrong about this?