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Post by forkodak on Jan 8, 2014 13:58:13 GMT -5
“This bell ringing is a symbol of Kodak’s remarkable transformation,” said Antonio M. Perez, Kodak’s President and Chief Executive Officer. “It’s a new year, with a new company, a new stock and a new start. We are a B2B company focused on innovating for our customers and delivering value to our shareholders. This bell ringing has extra significance for everyone at the new Kodak because we are reaffirming our strong connections with our customers by having some of them join us at this event.” finance.yahoo.com/news/kodak-rings-opening-bell-nyse-153300912.html
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Post by forkodak on Jan 8, 2014 16:17:59 GMT -5
No really you can trust me now he says... In this October 2014 story by Printnews Perez said “Perez suggested many in the media and the investor community misread January's Chapter 11 filing as a sign of Kodak’s imminent demise, when in fact it was a deliberate step to address specific issues facing the company” The link is now broken... www.printweek.com/news/1153678/an-interview-kodak-ceo-antonio-perez/"404 Error page We're sorry, we can't find the page that you are looking for. PrintWeek migrated to a new web platform in November 2013. While this offered many enhancements over the old site, unfortunately it meant that links to some older articles were broken in the migration. To help us fix the broken links, we would really appreciate if you could copy the broken URL from your navigation bar and send it to our support team via the link below. For broken links and all other technical queries, please contact our Support Desk. Again, apologies for the absence of this page. "
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Post by angelsrwatchn on Jan 8, 2014 17:11:17 GMT -5
Karma is a bitch........can't wait to see what she has planned......
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Post by goldentouch on Jan 8, 2014 18:29:47 GMT -5
Angel- although I agree that kodak greatly undervalued assets, you can not deny the fact that the old shareholders would have still been way out of the money.
It is not uncommon for IPO's to occur and the share price double or even triple.... look at twtr, fb or others that I cant think of at the moment.
The people that should be very angry are the debt holders that got destroyed in this deal. Debt holders could have gotten paid (based on todays stock price) roughly 50cents on the dollar.
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Post by angelsrwatchn on Jan 9, 2014 0:42:03 GMT -5
Golden......I'm saying THE PLAN was illegal, immoral, greedy and certainly not in keeping with George Eastman's philosophies. Bad for many many people ........
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