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Kodak is going to fight and say otherwise.
"Judge asks Kodak to put a statement into disclosure mentioning shareholder objections"
What is that all about?
Well tinsle town is about to parade, I have no idea why they want to leave common out.
Thats the consensus I gather as well. Who knows anymore with all the secrecy and redactions.
I read over on Kodak.boards.net that Antonio Perez is going to speak tomorrow at 9:30 am? If true, what will he say?
Why is it trading heavy at .13
Nice job Roy
Post on yahoo and Thanks!
Send it by FAX! This is a dupilicate of what was used by the WAMU shareholders that secured them a slice of the PIE!! Copy it, run down to Kinkos and Fax this trustee for our sake! What they did to us is WRONG! Raise the issue!
for those of you who have shares.. you got nothing to lose... get your letter in,
FAX this to:Fax: 212-668-2255
United States Trustee
Tracy Hope Davis
33 Whitehall Street
21st Floor
New York, NY 10004
Date
Dear Madam,
I hereby request that you appoint an Official Equity Committee in the Bankruptcy
case of Eastman Kodak. Bankruptcy Case No. 12-10202 (ALG).
As a shareholder of ________ shares of common stock I feel that
shareholders have suffered egregious losses, and I feel it is necessary to take
any legal steps possible, as provided for by law, to protect our interests.
Sincerely,
___________________________
Printed Name of shareholder
Phone Number: _____________
Email: ____________________
Read more: http://kodak.boards.net/index.cgi?board=....9#ixzz2S4gu3qaF
Do it now!!!!
pro.kodak.boards.net seems to be a good "other" message board for EKDKQ holders to visit
Same pattern tomorrow?
Unless a buyout or a revised POR
We are discussing how the POR could be accepted when it does not seem to include the spin off/UK pension/DI/PI deal....
It seems like this is a junk por which was released to satisfy the financing agreement which stated a por had to be submitted by april,30th. Most likely the por was written before the uk deal went through.
If the draft Por is rejected then I bet this thing is being bought out and going private. Just IMO.
I am waiting for the buyout, not selling.
The POR is made to prevent the majority owner of Equity to assume control after BK. The Form 10-K/A was filed minutes after the market closed yesterday signed by the in house Attorney for EK. This Form was previously filed in March 2013. This is more a change in control doc to make the buyer aware of the compensation package for Directors & Officers.
Judge Gropper is a smart man and can see right through the UCC attempt to win control of EK. Its now the majority Equity Owner that must step up by telling the Judge that they can cover the Unsecured Creditors Claims and fund the exit.
Whomever wins this fight wins control of EK going forward.
Todays trading will be very scary because the Shorts will try to convince everyone this is dooms day.
Longs its time to wait to see who wants it more. - SportsJunkie on Yahoo MB.
Why could it not be approved?
You mean just a general trading pop after the dump?
Kodak/ Unipixel partnership to produce order filling of ten million units per month by 2014.
We don't know if Kodak restructured it's debt and paid its 2013 debts in other ways. Nor do we know why lazard billed a bunch of hours for M/A
MVCALC on Pro.kodak.boards.net posted- From the lending agreement:
Promptly after the Closing Date and prior to the Effective Date, upon the request of the Required Lead Lenders, one person who shall be satisfactory to the Required Lead Lenders and reasonably acceptable to the Company shall be added to the board of directors of the Company; provided that such person (1) is independent with respect to the Company and the Lead Lenders and (2) is available to continue their service on the board of directors post-emergence.
Would be nice. How long did it take Aamrq to break 1.00 after the equity knew they would get a slice?
It could be a buyout , either way news is coming eventually.
At this point Kodak could only suprise me to the upside. Hopefully they do.
AMR cites possibility of equity value in Chapter 11 case
http://www.reuters.com/article/2013/01/09/us-americanairlines-letter-idUSBRE90800720130109?feedType=RSS&feedName=businessNews&utm_source=dlvr.it&utm_medium=twitter&dlvrit=56943
Suprise asset sale prices to the upside = Commons survive and thrive.
Mr. Pilon, did you formally request relief of your email, the "Doc 396 Memorandum Endorsed Order" ?
I remember that. With Liberty media. Wonder who would do that with EK? Also, Perez is no Karmazin, so that right there makes me believe it's unlikely EK management is heading that route!
When will the case be completed?
Is this remotely possible? Can you explain the process? Also is it natural under chapter 11?
Incredible.
How soon after the POR is submmitted is it usually approved?
Now how is that working for you?
How do you trade shares on the frankfurt exchange? Whats does this mean?
Not going to .15 buddy.
Yes a great MOVE! The bankruptcy process provides a means to sell any assests through what is known as the 363 sale FREE AND CLEAR!
The Judge will allow the sale to be unobstructed on Wednesday!