Replies to post #6233 on Tronox Inc. (TROX)

[natomas]

Be wary of what the IR says. It's always a matter of what they don't say. Did he bother explaining the promissary note makeup? I just keep looking at the market and try to let it dictate to me what to do because the majority of the time it's always smarter than me. The stock is being accumulated aggresively for a reason.

[donemyway]

When are they going to Exit BK. What is the hold up? Other than deciding the dilution of the stock to warrants, what are we still waiting for. ?????

[lxu0077]

uhlmant,

Always appricate your DDs. I hope you could may clarify this question regarding the warrants.

In reading your post, are you suggesting that trxaq shareholder will get the pro rata new Trench/Serail A warrants(3.5% of new common) that's striked at 1.4B EV, and trabq shareholer will get the pro rata( 4.1% of new common) new Trench/Serial B warrants stiked at 1.5 EV upon exiting BK?

I've always been under the impression that trxaq and trxbq shareholdrs are getting the same treatment in the plan. Meaning that they get both new Serial A warrants and new Serial B warrnats. In my calculation, for every 1000 shares(regardless trxAq or traxBq) someone owns today, they will get about 13(15M x 3.5% / 40M x 1000) new trench A warrants(strked at 1.4B EV) and 16(15M x 4.1% / 40M x 1000) trench B warrant (striked at 1.5B EV) on effective day.

Are I wrong about this?