I was re-reading old info from 2-09. It is interesting to look back at what was said by Rogerson. He was painting a real optomistic picture, specified 2008 sales at 3.55B and how much stronger we were than Hercules.
We'd like to net about $500m to pay down the $374m in debt, and have extra cash to deal with liquidity issues," says Rogerson. What happened to this?Misleading to shareholders?
"That $700m-$1bn range for the gross proceeds [of an asset sale] is probably not way off," he adds, referring to an ICIS report that proceeds from the sale of Chemtura's crop protection business could fetch that amount.
You know everytime that I have had to deal with lawyers, I have gone in with the purpose of creating a compromised settlement and after a while the lawyers make you believe it is totally adversarial. Most lawyers live for the fight and strategy to screw their opponent. It is easy to get sucked into the mentality. I don't believe Rogerson came to Chemtura with the goal of screwing over the shareholders; but he has certainly morphed into the type of greedy heartless client that his lawyers can be proud of. I can loose it all($$)and sleep well at night. I do not know how Rogerson, Natasha and cronies do. Perhaps it is a little thing called a conscience. (or lack thereof)
The one factor that holds me here is a study of the EC people and organizations. Do some digging and you find some very professional private investor groups with a very good record for turnaround investments. These people have experience at this and are taking a very professional approach to the court.
I can see the young investor is very nervous. Well join the crowd. In the usual movie script though - the nervous new recruit jumps up in the middle of the firefight to run for the rear and is shot in the back - dead. Of course sometimes the old veterans are wiped out in a sudden surge at the front lines .. but the dead rookie is much more common.
News 
Market Data 
Discover 
AI
