Eastman Kodak Co. (fka EKDKQ)

[HIS MONEY]

Total Eastman Kodak Company shareholders (deficit) equity
Total (deficit) equity (1,700)

10-K http://www.sec.gov/Archives/edgar/data/31235/000119312513101202/d495783d10k.htm

Remember, this is as of 12/31/12 (per 10-K filed today)... this would not include any of the cash proceeds from patent sale and recent asset sales and licensing that have transpired thus far in 2013.

Moreover, the above (deficit) equity total only takes into account 337 MIL (i.e. the US or 'debtor' portion) of Kodak's 1.1 BIL in worldwide cash.

We need to determine if current equity stakes claim to total worldwide cash, or debtor only cash (i.e. US cash).

If current equity does stake claim in the additional 750 MIL worldwide cash, then by my rough calculations current adjusted (deficit) would look like this...

Current Deficit (1,700) in millions (as per 10-K filed today)
Patent Sale +500
Other Asset Sales/Licensing +50
Worldwide Cash +750
Adjusted Equity (Deficit) Since 12/31/12 = (400)


Next we could factor in pending DI/PI sale(s)...


Net Adjusted Deficit Since 12/31/12 = (400)
Pending DI/PI Division Sale = + 600
Net Adjusted Equity (Deficit) Post PI/DI Sale = 200 MIL



Additional improvements with regard to 'liabilities subject to compromise; such as the UK pension obligations, would seemingly further improve the Equity (Deficit) situation.

All of the above is only in my opinion. The projected adjusted equity (deficit) numbers posted above are also my opinion, based on my personal understanding of the facts presented as I understand them. I recommend all readers do their own due diligence and invest at your own discretion.