Replies to post #2127 on Eastman Kodak Company (KODK)

[gman81]

Ummm, ya! They kinda have a history of doing that. I’m from Rochester, my Dad worked for them for decades only to get hung out high and dry and lose all his shares in the 2012 bankruptcy. To each their own but I am way too familiar with their tactics. It’s been a garbage company for a very long time and hopefully won’t be around much longer.

[CeasePlz618]

Actually it is alike a start up. They are trying to do something completely different that what they are used too. They have to buy all new machines and re-tool the facility. That’s if any of this is true. It will be months if not a year or two before they make any money. What if a real drug company finds a cure before KODK gets it Manufactering up and running. It has been down for many years. Most of the machines have to be useless at this point. Do they have to pay back the “800 mil” that they said they received? Did they receive it? Are they getting it? Who knows? A company that has been eccenually out of business or years. The price goes from $2- $60 in 1 day. Something doesn’t sound right. Good luck anyways. If you think about it the have no revenue no sales no one even knows what they are manufacturing. All they have is a loan(is it there is it not?). Not sure when they will have to pay off the 800 mil, but I am sure they won’t be able too. Unless everything is just perfect. Feels like a pump and dump penny stock. Just my opinion.

[Agoura Guy]

The CEO appears to be a shady character involved in nefarious securities transactions, he works out of a really shabby office. Its one thing to grant options months in advance of launching a new business plan, but the day before a major announcement? Who bought all that stock before the news? Someone would have to be really really stupid to think they can get away with such brazen front running.

Management should have done a better job highlighting the company's production capacity and assets, building up credibility instead of a stock pump.

This whole sloppy deal deal smells and lacks professionalism. Just my opinion.

[mike0962]

This is the response: https://www.kodak.com/en/company/press-release/special-committee-to-conduct-review