Replies to post #66836 on Chemtura Corp (fka CHMT)

[Madclown]

There isn't anything fishy going on. For the purposes of determining the number of shares of CHMT to distribute, the value of CHMT is fixed at $13.45 per share. So on that front, the current trading price of CHMT is irrelevant. However, the current trading price of CHMT can have a dramatic impact on your account balance. Case in point, whether CHMT trades at $10 or $18 will impact upon the economic value of the distribution. Under the POR, the value of the reorganized CHMT was set at $13.45 so that is what they use to determine how many shares to distribute.