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Post by Admin on Oct 24, 2012 19:12:56 GMT -5
1.4 billion in shareholder deficit as of 2nd quarter earnings.
950 million reduction so far between ATLC settlement, and OPEB settlement.
Shareholder deficit now 450 Million
SBG
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Post by Marriott on Oct 24, 2012 19:28:29 GMT -5
sbg
Giddy up !
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Post by bullishbear32 on Oct 24, 2012 20:00:48 GMT -5
SBG, can you please provide a link to show what the previous liability for ATLC was? I haven't been able to find it.
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Post by Admin on Oct 24, 2012 20:18:58 GMT -5
No idea where it is.
I am going from memory.
It was like 896 million I think, and Kodak was making payments, they got it down to like 448 million I think, and then the whole litigation started.
Arctic said they were on the hook for the whole thing, etc...
Well the bottom line it, its like 40 Million + 10 points of a settlement if Kodak gets any loot from the licensing litigation they are currently involved in.
SBG
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Post by bullishbear32 on Oct 24, 2012 20:44:29 GMT -5
Was that on the 10Q in August?
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Post by youseekyoda on Oct 25, 2012 22:04:50 GMT -5
Plus the cost savings from headcount reductions will impact this delta somewhere in the mix (lower COGS)
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Post by mglassma on Oct 25, 2012 22:19:24 GMT -5
Hatchet lady is def still hard at work.
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Post by goldentouch on Oct 28, 2012 21:55:24 GMT -5
1.4 billion in shareholder deficit as of 2nd quarter earnings. 950 million reduction so far between ATLC settlement, and OPEB settlement. Shareholder deficit now 450 Million SBG ATLC has not been reduced by any amount, it has been make a unsecured creditor. But the whole amount of 400 mill is still due. Shareholder deficit is still way over 1 billion.
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Post by newyorkled2008 on Oct 28, 2012 22:02:47 GMT -5
1.4 billion in shareholder deficit as of 2nd quarter earnings. 950 million reduction so far between ATLC settlement, and OPEB settlement. Shareholder deficit now 450 Million SBG ATLC has not been reduced by any amount, it has been make a unsecured creditor. But the whole amount of 400 mill is still due. Shareholder deficit is still way over 1 billion. Really? Please share with us the details of how that supposed 400 mill is still due.
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Post by joefarina on Oct 28, 2012 23:11:45 GMT -5
Being in the pawn shop business reflects the brains of the golden doofus......wow.......................
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Post by goldentouch on Oct 29, 2012 8:35:29 GMT -5
Ny- show me where it is no longer due.
It went from a current claim to one that needs to be paid with the unsecured creditors. It's good for us creditors because money is not going to be taken out as a whole and then creditors will get paid but rather at the same percentage the bond holders will be cut.
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Post by Admin on Oct 29, 2012 8:50:24 GMT -5
I was going from Arctics numbers where he said that we had to pay the whole 448 million that was owed to the ATLC, now it is like 40 million, and 10% if there is any revenue collected with the cases that are in litigation. I think this would be with the RIMM and Apple. kodak.boards.net/index.cgi?action=display&board=general&thread=1434&page=1Arctic said the 448MM would be reduced to 224MM, he was way off. You watch, Hatchet Lady is still at work in the back. I GUARANTEE there will be more press releases, and pdf files that are released for the bond holders in the coming weeks and months as more cuts and adjustments are made. I fully expect her to cut another 100-200 Million per year in expenses. SBG
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Post by newyorkled2008 on Oct 29, 2012 9:10:50 GMT -5
Ny- show me where it is no longer due. It went from a current claim to one that needs to be paid with the unsecured creditors. It's good for us creditors because money is not going to be taken out as a whole and then creditors will get paid but rather at the same percentage the bond holders will be cut. Show me where it specifically states anywhere, $400 million. In the recent filing there was the following which was basically a cut from the original 15% due to 10% and even then it's ONLY IF Kodak manages to wrangle monies due through the suits against those other entities. << Additionally, the Proposed Agreement provides for ATLC to receive (x) additional general unsecured claims equal to a percentage of the proceeds, if any...from ongoing breach of contract litigation brought by the Debtors against certain patent license agreement counterparties (the “Licensee Lawsuits”), and (y) to receive a reasonable compensation for the time spent undertaking certain future services that ATLC may provide to the Debtors (the “Services”) in connection with the Licensee Lawsuits. ATLC has agreed to significantly reduced compensation in connection with the Services compared to the amount potentially owed to ATLC by the Debtors for such Services under the Representation Agreement and 2007 Settlement Agreement. >> Read more: kodak.boards.net/index.cgi?board=general&action=display&thread=1686#ixzz2AhHafEau
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Post by Admin on Oct 29, 2012 9:18:07 GMT -5
Don't stress out NY, Golden just wants to look at things from worst case since he sold all his shares and rolled into bonds.
Whats going on here, is his brain is trying to rationalize that he made the right decision, and anything but a complete wipe would prove he made the wrong decision.
SBG
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Post by newyorkled2008 on Oct 29, 2012 9:21:32 GMT -5
Don't stress out NY, Golden just wants to look at things from worst case since he sold all his shares and rolled into bonds. Whats going on here, is his brain is trying to rationalize that he made the right decision, and anything but a complete wipe would prove he made the wrong decision. SBG Well, that makes sense.
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Post by goldentouch on Oct 29, 2012 10:29:27 GMT -5
Don't stress out NY, Golden just wants to look at things from worst case since he sold all his shares and rolled into bonds. Whats going on here, is his brain is trying to rationalize that he made the right decision, and anything but a complete wipe would prove he made the wrong decision. SBG Sbg- you do not have the capabilities to do your own research and only rely on what idiots on this board post. You remember when Gibson was trying to get people on the board to band together and push for a equity committee, and everyone shit on his because pro said he was dumb. People on this board are sheep being lead to slaughter, and if you don't see that coming I feel bad for you. Then remember when I used to go to all the hearing (when I owned shares) and everyone was busting on me; saying "oh you think you are going to make a difference." you will soon realize that I realized Kodak was shit out of luck and going to get wiped. As far as me hoping that Kodak gets wipe, quite the opposite. I hope Kodak gets bought out and my bonds get paid in full. Or I hope that the bonds get rolled over and I get paid and effective rate of 7o% a year on my bonds a year( considering the price I bought them at).
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Post by Marriott on Oct 29, 2012 10:35:25 GMT -5
" As far as me hoping that Kodak gets wipe, quite the opposite. I hope Kodak gets bought out and my bonds get paid in full. Or I hope that the bonds get rolled over and I get paid and effective rate of 7o% a year on my bonds a year( considering the price I bought them at) . " With regard to the above, I hope your touch is golden !
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Post by newyorkled2008 on Oct 29, 2012 10:39:46 GMT -5
Golden, you sound bitter. Not that I was in agreement with any of the bullying back then. I wasn't.
But how about answering the question.
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Post by newyorkled2008 on Oct 29, 2012 10:42:10 GMT -5
'and btw, you talk about one doing their own DD? You were the one who was always coming around asking Pro for his advice regardless of how much he punished you...'and he did it QUITE OFTEN.
All that was missing was the sound of you stating:
'PLEASE SIR...MAY I HAVE ANOTHER?'
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Post by goldentouch on Oct 29, 2012 10:47:37 GMT -5
Not bitter just stating facts.
Now sbg is attempting to do a share count to get something together.
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Post by Admin on Oct 29, 2012 10:54:25 GMT -5
WTF are you talking about?
I dont know how to do my own research?
I have at my disposal what is available to everyone here, which isn't much at the moment.
When Gibson wanted to do the EC it did NOT make sense because at the time, there wasn't money.
We will be seeing money soon, so this is the time to revisit this, and I am compling a share count, to approach an attorney if it is close to us not having a stake. If it is clear that we are over the deficit, then I will NOT approach an attorney.
You are unable to just sit tight and wait and see what happens.
You act like you know what it up when clearly you don't.
You are acting like the sales have already taken place, when they haven't.
When the sales are announced and if we are still sitting here at a major deficit I will admit that we are fucked.
Until then, you need to just wait for the results to be announced.
SBG
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