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Kodak (EKDKQ.PK) reveals its financial projections in an 8-K filed with the SEC. Cash flow is...

Kodak (EKDKQ.PK) reveals its financial projections in an 8-K filed with the SEC. Cash flow is pegged at $1M for September before turning negative for two months. After another positive month in December of $9M, the next six are forecast to be negative again.
Comments (2)
  • Seeker959
    , contributor
    Comments (69) | Send Message
     
    Wow, a complete work of fiction. As bad as the projections are I'm curious how they go from currently losing 2% on goods and services sold to a profit of 20% in just 6 months. I'll bet that 1 year from today they under deliver on the estimates by at least 10%.

     

    If I were Antonio and I was putting out statements that are fictitious anyways then I would have Kodak making profit in all the months and quarters, maybe 20% profit cross the board would help move the stock... If you are writing fiction then what's the difference.
    12 Oct 2012, 11:20 AM Reply Like
  • Seeker959
    , contributor
    Comments (69) | Send Message
     
    So Kodak is saved, They have inked a deal with SolaByte in Colorado. This deal should have iTunes running scared now. Oh wait, Solabyte's Corp headquarters is a house in Lyons Colorado (see link below)

     

    http://bit.ly/WlodAF

     

    Now Antonio has come full circle as HP started in a garage and Solabyte is run out of a house that has a 3 car garage. Only thing with Solabyte is they currently have no revenue, no actual product and by the time this solution is offered by Solabyte I'd think Kodak will have already sold off all the Kiosks and that's if the Solabyte solution ever gets to market as the only new thing they bring to market is allowing me to take my DVD's and add them to a cloud library that I can access on my phone... Oh wait I haven't bought a DVD in 3 years as the streaming technology has been around for a few years now and is certainly the future.

     

    I think this is Kodak management shooting off in yet another direction, I wonder what resources were thrown away on this venture.

     

    ...And chapter 7 creeps ever closer.
    17 Oct 2012, 01:27 AM Reply Like
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