Ok, I will do the math for you. There are about 272 million shares. Kodak has borrowed about 1 billion to get through the bankruptcy. They are scheduled to be paid first in the Bankruptcy. So, that 2.6 billion you referenced get reduced by to 1.6 billion in theory?? 272 million * 6 = 1.6 billion.
So, $6 ??? This is not as easy as that calculation above. Price/Earnings ratios work better for companies that have positive earnings. Kodak still loses money each quarter. So, where does that factor in??? What will the "equity" be after the sale?? $2 or $3 per share more or less???
This should be much higher than .33 I don't know if people don't think Google or Apple will buy or they don't want take a chance. We should be over .50 right now working our way to $1.00 in my opinion.