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Post by trojan500 on Oct 14, 2012 14:34:39 GMT -5
Negotiations won't change the amount of the DIP debt. And the harsh reality is asset sale is going to take time and the outcome is uncertain. If you are Antonio Perez you will be pissing in your pants and worried about cash. The DIP covenant specifically require that the POR must include a repayment plan for the DIP. Telling the DIP that "we might sell this .. and we might sell that.. and then we'll pay you back".. doesn't constitute a repayment plan. The asset and IP sale plans will continue. The hope is that they will at least find some success. However, the outcome is uncertain and Perez cannot count on them. This is why Perez is seeking other options. Agreed.
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Post by Admin on Oct 14, 2012 14:37:36 GMT -5
What are you talking about updated?
I am NOT the owner of this message board.
Pro Boards OWNS the message board.
If you want Pro back, then why don't you try to get him back.
People have tried and he refuses to come back.
It is his choice.
SBG
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Post by arcticfox on Oct 14, 2012 14:39:28 GMT -5
Pension liability is a long-term liability but not debt. Pension fund trustees are not creditors. Pensioners have their own pension fund and that has nothing to do with Kodak's asset base. Kodak reduced OPEB liability to improve the future cash flow and and solve the solvency problem. Pension WAS a long term liability. So were the bonds that mature in 2018. And the bonds that matures in 2019... So was the OPEB. The minute Kodak files for bankruptcy everything changed. Oh and where did you see that Kodak "prepaid" pension for the next 3 years? Total BS. Show me evidence from SEC filing or court document. If you want to cover your ears and put your head in the sand, go right ahead. But don't tell me that the debts and huge pension underfunding are not rightful claims. Current common share holder are inferior and subordinate to these claims.
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Post by updated on Oct 14, 2012 14:41:28 GMT -5
I just hope this thing goes to Zero because I would like to meet SBG under a bridge in Florida and Shout "ARCTIC loves you"
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Post by Admin on Oct 14, 2012 14:45:23 GMT -5
Thanks for the well wishes updated!
Enjoy the board!
SBG
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Post by joefarina on Oct 14, 2012 14:45:41 GMT -5
ARCTIC....I WAS THINKING YOU WERE IRONING YOUR SHORTS AND FIXING YOUR WIG FOR YOUR HOT DUDE DATE TONITE>>>>
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Post by mglassma on Oct 14, 2012 15:13:29 GMT -5
Updated has become outdated. I bet he is currently in Thailand with all his little boy friends.
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Post by xkodak on Oct 18, 2012 15:04:52 GMT -5
Arctic, Please do not stop posting your opinion, analysis and counterpoints. Reading your posts is one of the few reasons I come to kodak.boards.net. Thanks for sharing your analysis in detail. It adds value to this message board.
and Joe please stop posting replies to arctic, they're quite embarrassing to read and absolutely useless to the discussion. It's like you're posting just to get attention.
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Post by Admin on Oct 18, 2012 15:43:31 GMT -5
Don't just put the tip of your nose in, stick it all the way up there!
SBG
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Post by bullishbear32 on Oct 18, 2012 16:01:38 GMT -5
Pension liability is a long-term liability but not debt. Pension fund trustees are not creditors. Pensioners have their own pension fund and that has nothing to do with Kodak's asset base. Kodak reduced OPEB liability to improve the future cash flow and and solve the solvency problem. Pension WAS a long term liability. So were the bonds that mature in 2018. And the bonds that matures in 2019... So was the OPEB. The minute Kodak files for bankruptcy everything changed. Oh and where did you see that Kodak "prepaid" pension for the next 3 years? Total BS. Show me evidence from SEC filing or court document. If you want to cover your ears and put your head in the sand, go right ahead. But don't tell me that the debts and huge pension underfunding are not rightful claims. Current common share holder are inferior and subordinate to these claims. Pension IS a long term liability. Also, as of the 10Q in August: Current Assets: 2.8 billion Current Liabilities: 1.4 billion Kodak has since reduced its OPEB obligation, and the new U.S. Pension law will significantly reduce the pension obligation. See: finance.yahoo.com/news/law-gives-us-companies-break-164813367.htmlKodak has about 1 billion in cash and will sell it's patents and the Film, Kiosk and Scanner businesses. I tend to trust financial institutions and analysts more than a guy who devotes hours of his day on a message board that discusses a security in which he has no position again. So let me ask you again arctic, why are you here if you are so smart? Why are you not researching your own stocks and discussing them with other arctics of the world? Fuck off.
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Post by Admin on Oct 18, 2012 16:05:26 GMT -5
Relax BB.
SBG
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Post by bullishbear32 on Oct 18, 2012 16:20:03 GMT -5
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Post by cswift71 on Oct 18, 2012 17:38:43 GMT -5
Arctic, Please do not stop posting your opinion, analysis and counterpoints. Reading your posts is one of the few reasons I come to kodak.boards.net. Thanks for sharing your analysis in detail. It adds value to this message board. and Joe please stop posting replies to arctic, they're quite embarrassing to read and absolutely useless to the discussion. It's like you're posting just to get attention. I call bullshit on this post of the day.
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Post by mikewestveer on Oct 18, 2012 17:39:46 GMT -5
I've never seen an airbrushed picture of a doggy before...
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Post by joefarina on Oct 18, 2012 21:07:20 GMT -5
hey xkodak.....you type what you want and i will respond to the asshole arctic pain in the balls thinks he know all but knows dogshit.......get mY drift DR.X.... ??
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Post by Admin on Oct 29, 2012 11:25:19 GMT -5
Made this a sticky topic, as the real numbers will all be revealed soon with the re-evaluation of Kodak's Assets, sale of 3 divisions, Sale of patents, licensing deals, merger, buy out, etc.....
Lets see how Arctic's numbers pan out.
SBG
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