Do you know what is the debt structure? Forget about when it will move. Right now you are in the reverse motion. I.e. bankruptcy. Unless and until everyone above you are paid, there is no chance of equity getting anything. Equity may get something, but do you know how much the company would be worth if it is sold today? If Kodak is Honda Accord car and you are the owner of the car, but you owe banks and credit cards money to repay the money you took from them. When you took money from them, you put your car as a collateral. Lets assume your car is in perfectly running condition. You sell the car quickly because the car you have give 40 miles per gallon and gas price is too high at lets say, 5 bucks a gallon.
Now, you sell the car and you get lets say 15k. Now you pay lets say, 10K- your loan amount. You are still getting 5k.
But senario 2 is - lets say your car is only worth 9k. This is because you were in a small accident and the prospective buyer checked vehicle report and found that out. Now how much you're left with?
So, the conclusion is, even though you may be heavily invested or lightly invested, did you find out what kodak has is sellabe? Are you sure whatever they have is not broke or anything? Again, forget about the price per share of Kodak. First find out how much money is going away to seniors and how Kodak can provide those money to the seniors. Also, during DIP, I think someone gave a lot of money -around 500 million or more. Do you know the terms and conditions of that loan structure? Its similar to lets say, your car has been taken by the bank because you did not pay the monthly premium, however, for work purpose, you're renting another car. To rent the car, you're taking another loan from someone. That is another burden. In this car vs owner of the car concept- when compared to you as a shareholder of Kodak..you = many many people who hold Kodak shares.
Experts around here..please clarify my understanding of the case.
