Eastman Kodak Co. (fka EKDKQ)

[wall_street61]

NOLs remain a good insurance policy for existing common, and an incentive for preservation of existing common, provided Kodak can demonstrate solvency. It all comes back to asset sales.

Hardly. You do realize there is an exemption that allows the use of existing NOLS even if commons are toasted....which they will be.

Asset sales have been a flop. This thing trading around 20 cents forever is the gift that keeps on giving. Plenty of time to exit....but some don't know what to do with a 'bird nest on the ground'.

Kodak will not take steps to demonstrate solvency....even if they could. They want to dump as many creditors as they can. This isn't about what is right, fair, or anything of that nature. This will be about insiders getting a percentage of newco for nothing, and the more creditors they can flush will mean more newco equity in their pockets.