'Citibank has 1st dibs.
Then comes other debt holders, those that have not been dissolved by filing.
One of the major issues is exactly how much debt Kodak owes and is going to be dissolved by filing.
I have seen estimates by others and Kodak that have varied between 3.6-5.6 Billion $. This is a very wide range. Now that Citi has added 1$b more, hard to say if there will be any left for current share holders (who are most definitely the last to be paid.) Kodak is not in this for current share holders. They are in this to survive. They cannot survive by just paying off everyone, leaving them with no operating capitol. They cannot just borrow at high interest rates and expect to play catch up on payments when, years down the road, they start to turn a profit.
I don't see current shares holding. Kodak was on local radio Sunday on finance show. They, along with govt Pension secure fund, are trying to keep what they can of pensions. Nothing was said on current stock. I called in, but was not placed on the air until last minute and it timed out. They put another caller on before me, said "ladies 1st", even though I was supposed to be on next. Guessing they did not want to answer that question.
