Replies to post #6261 on Tronox Inc. (TROX)

[EH22]

I advise to trust only published data. This is my last post for today, and I would like to cite the company web site http://www.tronox.com/reorganization/rorg_emerge/rorg_emerge_faq.htm

"FAQs

Frequently Asked Questions Regarding Tronox’s Restructuring

The information contained herein is as of February 14, 2011.

Has Tronox emerged from Bankruptcy?

Yes, on February 14, 2011, Tronox Incorporated (“Tronox”) emerged from its Chapter 11 Proceedings. Tronox is now reorganized around its existing operating businesses, including its facilities at Oklahoma City, Oklahoma; Hamilton, Mississippi; Henderson, Nevada; Botlek, The Netherlands and its Western Australian joint venture.

What is the current capitalization of Tronox?

Equity

* 15,000,000 shares of Common Stock Outstanding
* Series A Warrants to purchase 544,041 shares of Common Stock at $62.13 per share
(exercisable for 7 years)
* Series B Warrants to purchase 672,175 shares of Common Stock at $68.56 per share
(exercisable for 7 years)"

Thank you.

EH22

[BluePlanet]

Operator, based on the warrant ratios described here, and 41 million shares outstanding of the former TRXAQ and TRXBQ:

http://biz.yahoo.com/e/101123/trxaq.pk8-k.html

You get ~0.03 warrants per share of TRXAQ/TRXBQ stock you own, so 750 shares gets you ~23 warrants. So the picture is much better than you paint.

If anyone feels differently I'm happy to hear it. Note that I'm sort of averaging the Series A/Series B warrants for simplicity purposes.