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Post by proforkodak on Sept 7, 2012 11:16:28 GMT -5
Rochelle writes: >>>" Mr. Pro asks about cash held by foreign subsidiaries. That cash is not readily available and may never be available to US creditors and shareholders. If the cash were repatriated, there would be significant tax liabilities. Second, foreign creditors, such as pension funds and governments, are not about to allow the cash to leave their jurisdiction. I have not seen any reputable source recently who is willing to say that foreign cash can be used when Kodak exhausts its rapidly declining domestic cash"<<<
FACTS:
1) In the first 9 months of 2011 Kodak repatriated $300 million of cash from its foreign subsidiaries to the US. This FACT directly disputes what was written by Rochelle. 2) ALL the assets of Kodak are available to the creditors and shareholders of Kodak. This is a basic FACT from US bankruptcy law. 3) Kodak has operating loss tax carry forwards(NOLs) of over $3 billion, so Kodak would pay virtually no tax on repatriation of cash at this time. This FACT can be seen by the tax rate comments in the 2011 10K. FACTS: A) Bill Rochelle is badly bungling the reporting about the FACTS surrounding the Kodak ch.11.
B) Bill Rochelle seems to NOT understand basic US BK law.
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Post by Marriott on Sept 7, 2012 11:34:05 GMT -5
pro:
Is this ignorance on Rochelle's part or is there some other motive ?
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Post by joefarina on Sept 7, 2012 11:36:05 GMT -5
rochelle is the bankruptcy reporter.....hard to believe a writer can be that careless....maybe he and wsj are in collusion....there will be action taken.....book it!!!!!!!!!!!GREAT JOB PRO!!
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Post by Goldentouch on Sept 9, 2012 17:25:11 GMT -5
Rochelle is a BK lawyer.
Why do you guys assume that everyone is against you?
You guys need to wake up before you get wiped out completely.
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Post by joefarina on Sept 9, 2012 17:27:11 GMT -5
Rochelle went bankrupt being a bankrupt lawyer....now he is a bankrupt reporter golden DOOFUS PAWN SHOP BOND SUCKER!!
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Post by Goldentouch on Sept 9, 2012 17:43:18 GMT -5
Rochelle went bankrupt being a bankrupt lawyer....now he is a bankrupt reporter golden DOOFUS PAWN SHOP BOND SUCKER!! I thought this thread was for facts. I was stating fact that rochelle is a BK lawyer, what part of what you stated is factual? JOJO, you want facts here is one... stock price in under .25 for a reason. Bonds are trading at approx 15 cents on the dollar. Those two FACTS mean that kodak is in big trouble. Anybody that disputes this is delusional.
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Post by tmarf on Sept 9, 2012 17:46:57 GMT -5
That is YOUR opinion.
Like assholes, everybody has one.
Yours just smells!
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Post by joefarina on Sept 9, 2012 17:48:34 GMT -5
GOLDEN WAD SUCKER.....PPS MEANS NOTHING RIGHT NOW.....KODAK IS A NEWS DRIVEN STOCK WITH NEWS COMING....GET A CLUE PAWN BOY.....PPS MEANS BUY NOW!!!!!!!!!!!!BUT YOU AND LOVERBOY KID ARE PUSSYS THAT PLAY IT SAFE WITH YOUR LITTLE BOND ACTION....GET SOME BALLS FROM TEHERAN LIKE YOUR BOY AHMEDAJABBY AND BUY THE COMMON.
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Post by adrian on Sept 9, 2012 17:54:16 GMT -5
Agree-Right now all that matters is the news. The MM play games everyday right now. Watching there inventories. No real buying going on.
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Post by Admin on Sept 9, 2012 17:57:11 GMT -5
Welcome aboard Golden!
Make a real name and come on in!
Still as dysfunctional as yahoo, but you can say WHATEVER you want here!
SBG
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