Seeking Alpha
  • Michael Bryant
    If Kodak (KODK) "has raised nearly $2 billion in licensing fees since 2008," why is it trading at for $300 million? http://yhoo.it/oLqcb4=
    10/7/11
    Reply (11)
    • golfitobob: Because the patents are all thats left. If you buy a stock that just has hired a top bankrupsy Law... firm caveat emptor ! And, why ??
      10/7/11
    • Michael Bryant: Well, I'll take the $2 billion, distribute it to the shareholders, and then file bankruptcy. In other words, take the money and sell.
      10/7/11
    • golfitobob: Don't work like that14 billion sharholding & it WOULD be clawed back ! Crap shoot.Last week on the announcement 58cts was dice roll. Now No
      10/7/11
    • Michael Bryant: KODK doesn't have 14 billion shareholders. Market value = # shares X share price. Market value is $300 million.
      10/7/11
    • golfitobob: MB, ya miss understood.Short format.14 bill is KODK's total liability.Value is 4 4.5 Billion with fees & Patents. Shareholders will get CAR gb
      10/7/11
    • golfitobob: bankers&crediditors first in line.Bond holders next If perferred share holders the commom.They will get nothing as CEO & rest protect jobs
      10/7/11
    • Michael Bryant: Where do you get $14 billion? They only have $1.45 billion in debt. But they have $957 million in cash. http://yhoo.it/oUhknE
      10/7/11
    • golfitobob: listened to the Law firm they hired explain situation on t/v If they reorganize shareholders get nothing.CEO said no way,but,what can he say
      10/7/11
    • Michael Bryant: Of course shareholders get nothing if they reorganize. That is the definition of bankruptcy. I am saying don't reorganize. Sell the company.
      10/7/11
    • golfitobob: MB, you linked the standard top sheet. Where are the countless rental agreements they have or any of the tons of obligations they have 14bil
      10/7/11
    • golfitobob: MCS an 2 patent buyers said flat out that they would rather bid in bankrupsy to get the digital patents.When they said that KODK was4 now doom
      10/7/11