Replies to post #65349 on Chemtura Corp (fka CHMT)

[was justavoice]

This says nothing on value of stock value as Gerber will make that determination when he grants a POR. The question is: will the POR be the debtors version? Valuation based on UBS? someone else offering a different POR? UBS did not deliver an investor with SVP/Canyon to compete with debtors POR back this summer. The equity committe, has Skadden representing them on valuation. UBS was a key witness on valuation during the hearing. Reading anything beyond that, you need Jax's magic 8-ball.

You seem to be wanting to know the end of the book before you read all the pages. I do not think anyone on this board can say the stock is going to do this or will be that value. The only thing certain is that the journey of CEMJQ is uncertain. Some of us have sat back and watched the ride, others have sold, some higher than others.

[Madclown]

I see you working, and you're learning fast. Digging through the monthly fee applications is a great source of information and direction of the case for those who are diligent enough. However, there is nothing to read into this round of billings from UBS because the billing period is only up through and including June 30, 2010. Even if the Judge had rendered his decision by now and it was at a level that would trigger a "transaction fee" as defined by their engagement letter, we would see no evidence of such in this round of billings.

Do you do distressed debt/equity often or is this a new venture? The only reason I ask is that if you know there are new fee applications on the docket right now then you are either on the master service list or in touch with someone on the list and someone new to distressed would not know to do this. These applications have not yet hit KCCLLC.

Stick around, we always welcome anyone who will dig around and help find the good stuff. After 2 straight years of covering numerous bankrupt companies at any given time, I find myself hitting the burnout phase much more frequently. I know I definitely don't have the inclination to review all 21 of those fee applications this evening.