Replies to post #63927 on Chemtura Corp (fka CHMT)

[fuller11]

I expect our EC to fight this:


"The company has proposed a hearing to confirm its plan of reorganization on Sept. 16 and expects the plan to be effective before Sept. 30"

[Superfly15]

Seem just a bit fast?? No mention of who or what's getting paid out though.

[jackinhtown]

Isn't the whole basis for diluting equity that they felt they were too leveraged? So, let me get this straight...they want to dilute us down to 5%, give the company to the creditors, and THEN borrow money??? Surely I am missing something here...