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      "text": "The Company repeatedly told shareholders that its core business would produce record margins in 2016.",
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      "text": "February 2016: \"If we look at our business without our existing TiO2 division, we would be looking at 2016 as a record year for...EBITDA margins...\"",
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      "text": "March 2016: \"And if we were a business today that we're separated from our TiO2, we would be going into 2016 saying...2016 will be a record EBITDA margin year...\"",
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      "text": "April 2016: \"...if you look at Huntsman without TiO2, we would be going into 2016 here...with some of the highest margins we've ever had...\"",
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      "text": "Among many claims made before, during, and after the 2016 Investor Day, the Company told shareholders that its core business was poised to deliver a record Adjusted EBITDA margin and above GDP growth in 2016.",
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      "text": "\"If we look at our business without our existing TiO2 division, we would be looking at 2016 as a record year for...EBITDA margins, a materially different and stronger company than we what we have today. Obviously, the conclusion of this separation is a very high priority for this company.\" — Peter Huntsman, President & CEO; \"And if we were a business today that we're separated from our TiO2, we would be going into 2016 saying...2016 will be a record EBITDA margin year in the history of this company.\" — Peter Huntsman, President & CEO; \"I've said this many times before, there's nothing fundamentally wrong with the TiO2 industry as much as this is a business that when you start looking at the core performance, if you look at Huntsman without TiO2, we would be going into 2016 here...with some of the highest margins we've ever had in our history and with better than GDP growth.\" — Peter Huntsman, President & CEO",
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      "text": "However, Management Promised That Ex-TiO2, the Company Would Generate Record Results in FY 2016",
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