Replies to post #61000 on Chemtura Corp (fka CHMT)

[NYPDBLUE]

Judge is not stupid and will see though this bs

[TraderV]

Honestly, I'd vote to give him that bonus if the company comes out with shareholders mostly intact. I hope the EC throws that into their plan.... however, I just don't see how its not a bribe either way, but seems like its not an issue for some reason. I think it would be in our best interest to keep the company somewhat impartial to either debtors/creditors or the EC.

[jackinhtown]

Exactly the point I was going to make. When they entered bk, Rogerson said that it was not that the company wasn't insolvent, it was strictly because credit was not available to refinance the 2009 bond. Business has only improved since then. I have said many times and will continue to say, this company is not over-leveraged. UBS knows this and should have no difficulty in convincing the judge of the same. They can benchmark CEMJQ debt vs other companies quite easily. Then, if they do in fact have the refinancing lined up (I have no reason to believe they don't), the company would maintain the same debt that it had prior to bk which (again) was not too high. They are in fact trying to steal the company from the shareholders...criminal...