Eastman Kodak Co. (fka EKDKQ)

[ohi]

What happens to existing Kodak stock?

Short answer, it goes the way of the dodo, the passenger pigeon and the stock of such companies as General Motors and Delta Airlines when they went bankrupt.Current shareholders "really have no credible argument that their shares have any reorganization value –And to wrap up its bankruptcy, Kodak is preparing to issue a whole new generation of stock with which to settle roughly $2.7 billion worth of unsecured claims and $375 million in second lien notes. Between now and the end of the third quarter of this year,