Replies to post #59273 on Chemtura Corp (fka CHMT)

[sullivot]

Not necessarily. The extension only precludes anyone else from submitting a plan in that time, as they attempt to get the plan they have submitted approved.

I really don't think management wants a fight from equity interests. Especially after the company placed bromine derivatives and flame retardants on sales control, while implementing 30-day maximum price validity because, as Anne Noonan (Vice President & General Manager for Flame Retardants, Brominated Performance Products and Fumigants) stated, of a "higher than anticipated demand for these product lines".

[jaxstraw]

Even if they felt the negotiations are going to be close to the June 17 date Rogerson states in the last PR, prudence would dictate to ask the court for an extension.

A POR is complex and hundreds of pages long, and , once again going by Rogersons words, they are working with all constituencies.

Even a one day delay, which could happen for a multitude of a number of innocuous reasons, without having the foresight to ask for an extension, could be disastrous for everyone working so hard up until now.

This could very well be a CYA move especially in light of the last PR. It is still very possible to see it by the 17th or thereabouts.

Or maybe not, lol. Just another scenario.