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Replies to post #6631 on Eastman Kodak Co. (fka EKDKQ)

Replies to #6631 on Eastman Kodak Co. (fka EKDKQ)
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RoyDMercer

02/07/12 12:34 AM

#6632 RE: priceless #6631

Tell that to the folks that bought PGPDQ. They'll get a good laugh out of that.
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RoyDMercer

02/07/12 12:47 AM

#6633 RE: priceless #6631

"if they reissue new shares like they will more than likely do."

By definition, any company that enters into chapter 11 will have "old" stock that at some point will have no value. If/when they emerge from BK, they will and must issue new stock, because they emerge as a new entity. The only question is whether or not the legacy shareholders will be offered any % of the new company stock. Sometimes they are offered new stock on a 1:1 basis, sometimes they are offered at a ratio less than 1:1, and sometimes they are offered nothing.

Please provide any evidence you may have that legacy shareholders will not be offered anything for their old shares.
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OldBen

02/07/12 5:33 AM

#6636 RE: priceless #6631

We went from EK to EKDKQ with no changes in the share. We changed exchanges that the shares traded on. Why wouldn't we go from EKDKQ to EKDK til we leave the OTC. If we leave the OTC then we can be EK or something. Stocks change tickers all the time which doesn't mean they will change or issue new shares.