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  • Kodak Doesn't Think Much Of UniBoss, So Why Should You? [View article]
    Thank you, Jackrlamb. Appreciate the confirmation from Rochester.
    May 20 12:39 PM | 1 Like Like |Link to Comment
  • Kodak Doesn't Think Much Of UniBoss, So Why Should You? [View article]
    Because Kodak didn't file an 8-k and didn't change their financial projections means they don't think much of the transaction? It takes a pretty vivid imagination to get from point A to point B in your argument. You also need to be willing to ignore a lot of facts.

    A) Kodak entered into the transaction. Would a company in bankruptcy proceedings waste time, money, and human capital on something they thought was irrelevant?

    B) Kodak's CEO called it a "major advance" for one of their most important businesses.

    C) Kodak had to get the transaction approved by the bankruptcy judge. That bankruptcy judge isn't going to let Kodak spend millions of creditor's dollars on an enterprise that isn't very important, or that doesn't have a good chance at success.

    D) Engineers and other Kodak employees with whom I and others have spoken think highly of the partnership's prospects.

    I can understand how you might come to the wrong conclusion if your nose is buried in bankruptcy filings and 8-ks, and these constitute your main sources of information. However, if you talk with some people who are close to the situation you'll hear that Kodak is extremely excited about the transaction - to the point that they believe it provides the key avenue for future growth.
    May 20 07:57 AM | 9 Likes Like |Link to Comment
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