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Post by Admin on Sept 17, 2012 9:57:48 GMT -5
What is everyones best guess as to how this plays out.
SBG
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Post by TheBondKid on Sept 17, 2012 10:06:00 GMT -5
What is everyones best guess as to how this plays out. SBG Stock bounce into wednesday. Judge rules Kodaks own all patents. Stock rallies some more as the smart money realizes the most valuable patents never went for sale. In the end, the common gets extinguished and the bond holders clean up the mess
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Post by Admin on Sept 17, 2012 10:17:32 GMT -5
And they don't sell any assets, to raise any money? They don't readjust the money that is allegedly underfunded in the pensions, then the pensions are over funded? SBG
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Post by TheBondKid on Sept 17, 2012 10:28:07 GMT -5
And they don't sell any assets, to raise any money? They don't readjust the money that is allegedly underfunded in the pensions, then the pensions are over funded? SBG Eventually Kodak does sell assets as well, but that money will be used to hopefully pay off the 1.2 billion in trade credit and most senior debt. Then kodak negotiates a deal with remaining bondholders and the pension group to take new equity. This is how I see it. The pension committee will have to take common like GM. The remaining bond holders unlikely be willing to take NEW common(then become second to pensioners if kodak failed again), unless they were certain kodak would make substantial EBITDA(which is unknown at this point). Of course if the patents are sold for 1.5 billion we can revisit this equation. I think the big patent sale could be the 8 patents, but even if Gropper rules In Kodaks favor will Apple appeal before Kodak can sell them?? Thats the HUGE unknown.....
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Post by Admin on Sept 17, 2012 10:34:13 GMT -5
Its still a Federally Mandated Procedure that trumps anything else, and gives Kodak the right to sell her assets Free and Clear.
Apple would then try to take up the matter with the new owners.
Its obvious the time has elapsed, and statute of limitations has been expired for a long time.
No idea why you can't get past this point.
SBG
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Post by newyorkled2008 on Sept 17, 2012 10:37:00 GMT -5
Sorry pal, I'm done with polls.
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Post by Admin on Sept 17, 2012 12:47:44 GMT -5
LOL! Everyone is polled out! SBG
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