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Post by forkodak on Apr 3, 2014 11:23:43 GMT -5
Calendar of Honorable Allan L. Gropper Tuesday, April 15, 201409:30 AM 12-10202-alg Eastman Kodak Company Ch. 11 Adversary proceeding: 14-01104-alg The Kodak GUC Trust, by and through Alan D. Halper v. Hunkeler Holding AG Motion to Dismiss Case Adversary proceeding: 14-01104-alg The Kodak GUC Trust, by and through Alan D. Halper v. Hunkeler Holding AG Declaration Disclosure Statement OF DEFENDANT HUNKELER HOLDING AG (related document(s)4) 11:00 AM 12-10202-alg Eastman Kodak Company Ch. 11 Order signed on 3/27/2014 sustaining, in part, Debtors fifty ninth omnibus objection to claims (related document(s)6279). Claim no 2477 is adjourned to 4/15/2014 at 11:00 AM at Courtroom 617 (ALG). (DePierola, Jacqueline) Order signed on 3/27/2014 sustaining, in part, Debtors fifty seventh omnibus objection to claims (related document(s)6277). Claim 6793 is adjourned to 4/15/2014 at 11:00 AM at Courtroom 617 (ALG). (DePierola, Jacqueline) Sixtieth omnibus objection to claims. Sixty first omnibus objection to claims. www.nysb.uscourts.gov/calendars/alg.html
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Post by forkodak on Apr 3, 2014 11:09:12 GMT -5
AGENDA FOR APRIL 2, 2014PRE TRIALS GOING FORWARD 1. Pre Trial Hearings in all adversary proceedings commenced by Alan D. Halperin, Trustee for the Kodak GUC Trust and Steven D. Sass, Conflicts Trustee for the Kodak GUC Trust. CONTESTED MATTER GOING FORWARD 1. Motion of the Trustee of the Kodak GUC Trust for Order Establishing Procedures Governing voidance Actions [Docket No. 6248, 2/3/14] www.kccllc.net/kodak/document/1210202140331000000000004
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Post by forkodak on Mar 31, 2014 16:23:12 GMT -5
(2) “substantial consummation” means— (A) transfer of all or substantially all of the property proposed by the plan to be transferred; (B) assumption by the debtor or by the successor to the debtor under the plan of the business or of the management of all or substantially all of the property dealt with by the plan; and (C) commencement of distribution under the plan. www.law.cornell.edu/uscode/text/11/1101
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Post by forkodak on Mar 31, 2014 14:32:25 GMT -5
This link seems to say "substantial consummation" happened on Sept 3 2013.... Link from 3-28-14... Notice of Filing of Report as Required by Local Rule 3021-1(A) www.kccllc.net/kodak/document/1210202140328000000000001<><> below was from an older post... What about this copy and paste from the same below link? When is the (("substantial consummation" of a plan))? Thanks At any time after confirmation and before "substantial consummation" of a plan, the proponent of a plan may modify the plan if the modified plan would meet certain Bankruptcy Code requirements. 11 U.S.C. § 1127(b). This should be distinguished from preconfirmation modification of the plan. A modified postconfirmation plan does not automatically become the plan. A modified postconfirmation plan in a chapter 11 case becomes the plan only "if circumstances warrant such modification" and the court, after notice and hearing, confirms the plan as modified. If the debtor is an individual, the plan may be modified postconfirmation upon the request of the debtor, the trustee, the U.S. trustee, or the holder of an allowed unsecured claim to make adjustments to payments due under the plan. 11 U.S.C. § 1127(e). www.uscourts.gov/FederalCourts/Bankruptcy/BankruptcyBasics/Chapter11.aspx
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Post by forkodak on Mar 28, 2014 23:48:22 GMT -5
Not sure about math but if it is true that the tax assets are large and if it is true that they only carry forward if the old share holders retain 40% of the company it might be an asset that could cause an outside investor to consider proposing a adjustment to the current plan... The new investor seeing the tax asset would bring cash and a business plan...
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Post by forkodak on Mar 25, 2014 16:31:02 GMT -5
Anyone know what proposals if any were put up? I wonder if new share holders would put up for a vote to give 40% of new company to old share holders to save tax assets? Any info or thoughts? KODK > SEC Filings for KODK > Form 8-K on 29-Jan-2014 All Recent SEC Filings Show all filings for EASTMAN KODAK CO | Request a Trial to NEW EDGAR Online Pro Form 8-K for EASTMAN KODAK CO 29-Jan-2014 Shareholder Director Nominations Item 5.08 Shareholder Director Nominations. Date of 2014 Annual Meeting of Shareholders Eastman Kodak Company (the "Company") will hold its Annual Meeting of Shareholders (the "Annual Meeting") on Wednesday, May 28, 2014. The Company will notify its shareholders of the location and time of the meeting when such determinations are made. The Company's shareholders of record at the close of business on Monday, March 31, 2014 will be entitled to notice of the Annual Meeting and to vote upon matters to be considered at the meeting. Deadline for Rule 14a-8 and Other Shareholder Proposals (including Director Nominations) Because the Company did not hold an Annual Meeting of Shareholders in 2012 or 2013, the Company has set a new deadline for the receipt of any shareholder proposals submitted pursuant to Rule 14a-8 under the Securities Exchange Act of 1934, as amended. In order for a shareholder to submit any such proposal for inclusion in the Company's proxy statement for the Annual Meeting, the proposal must be received by the Secretary of the Company at the address set forth below by no later than Thursday, February 27, 2014. Any such proposal(s) must comply with the other requirements of the rules of the Securities and Exchange Commission relating to shareholders' proposals. In accordance with the requirements contained in Article I, Section 9 of the Company's Amended and Restated By-Laws (the "By-laws"), in order for a shareholder to submit nominations for election to the Company's Board of Directors and/or propose any other business at the Annual Meeting (other than proposals submitted for inclusion in the Company's proxy statement for the Annual Meeting pursuant to Rule 14a-8 as described above), a shareholder must provide written notice that is received by the Secretary of the Company at the address set forth below by no later than Thursday, February 27, 2014. Any such notice is required to contain specified information and the shareholder must comply with other requirements as set forth in the Company's Amended and Restated By-Laws. The address of the Company's Secretary is: Eastman Kodak Company 343 State Street Rochester, NY 14650 A copy of the relevant provisions of the By-laws regarding the requirements for shareholder proposals may be obtained from the Company's Secretary. The By-laws can also be accessed in the "Supporting Documents" section of the "Corporate Governance" page of the Company's website, www.kodak.com.
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Post by forkodak on Mar 25, 2014 16:07:35 GMT -5
No clue here; but the park was bought a long time ago when real-estate was cheaper so it would seem like Kodak would have to pay a high tax bill if they can sell the park…
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Post by forkodak on Mar 25, 2014 11:06:18 GMT -5
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Post by forkodak on Mar 25, 2014 9:20:19 GMT -5
So what is the price per square foot of office space in the Rochester area? They are selling 7.2 million square feet of space. Plus $90 million in investments by New York...
Could this sell for enough to cause the plan to be revisited to save tax assets?
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Post by forkodak on Mar 25, 2014 8:56:18 GMT -5
(copy paste in part) These developments include: •Under the leadership of Governor Andrew Cuomo, commitments for more than $90 million in investments by New York State to attract new companies that are transforming EBP into a diverse hub for research and development and high tech manufacturing, showcased in a recent visit to the site by the Governor. •Completion of the acquisition of the site’s utilities by RED, an industrial energy efficiency firm that will upgrade and operate the unique and comprehensive utility infrastructure, providing stability for EBP and its tenant companies. •Support from the U.S. Environmental Protection Agency and the New York State Department of Environmental Conservation to move ahead with an environmental trust administered by the state, providing for ongoing environmental protection and resolution of legacy environmental issues. •Growth in the occupancy of EBP to more than 50 tenants and owners, with about 4,700 jobs and 7.2 million square feet of space at the campus. •Kodak’s commitment to maintain a significant presence at the site, encompassing research, development and manufacturing activities, including two new projects focused on production of films for touch screen sensors in collaboration with UniPixel and Kingsbury. finance.yahoo.com/news/kodak-offer-eastman-business-park-133000506.html
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Post by forkodak on Mar 20, 2014 13:56:41 GMT -5
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Post by forkodak on Mar 12, 2014 15:49:45 GMT -5
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Post by forkodak on Mar 12, 2014 11:01:49 GMT -5
Rub; is that like rub out the last bit of hope, or rub the magic lamp and the old Kodak shares recover... ? Thanks
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Post by forkodak on Mar 12, 2014 10:40:43 GMT -5
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Post by forkodak on Mar 5, 2014 18:46:19 GMT -5
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Post by forkodak on Mar 3, 2014 9:28:16 GMT -5
There is this 8K; "On March 3, 2014, Eastman Kodak Company (the "Company") announced a plan to exit its prepress plate manufacturing facility located in Leeds, England. This decision is pursuant to the Company's initiative to consolidate manufacturing operations globally, resulting in a more efficient delivery of its products and solutions. The Company expects to begin the exit of the facility in the third quarter of 2014, phase out production at the site from mid to late 2015 and to complete the exit of the facility by the second quarter of 2016. As a result of the decision, the Company currently expects to incur total charges of $30-$40 million, including $8-10 million of charges related to separation benefits, $20-25 million of non-cash related charges for accelerated depreciation and asset write-offs and $2-5 million in other cash related charges associated with this action. " biz.yahoo.com/e/140303/kodk8-k.htmlImagine we get something back from our Kodak investment lol... that would be something..I personally not holding my breath...but I will take any money I can get from these crooks 6 months from Sept 3 is Monday... Rub1331 (or some other poster) said there was some 6 month window in regard to Fraud <> I speculate that Kodak would want info out before parties who have been prevented from trading are allowed to trade... No clue here, but hope has not died yet...
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Post by forkodak on Mar 2, 2014 13:05:34 GMT -5
NOTICE OF OMNIBUS HEARING DATES PLEASE TAKE NOTICE that the United States Bankruptcy Court for the Southern District of New York has scheduled the following omnibus hearing dates and times for matters in the above-captioned cases: April 15, 2014 at 11:00 a.m. (ET) May 13, 2014 at 11:00 a.m. (ET) www.kccllc.net/kodak/document/1210202140227000000000001
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Post by forkodak on Mar 2, 2014 10:51:42 GMT -5
6 months from Sept 3 is Monday... Rub1331 said there was some 6 month window in regard to Fraud <> I speculate that Kodak would want info out before parties who have been prevented from trading are allowed to trade...
No clue here, but hope has not died yet...
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Post by forkodak on Feb 27, 2014 10:21:34 GMT -5
Guys, you know I will all of us the best but I don't foken trust anything KODAK anymore... You guys are crazy to think we will get a dime out of Kodak ... but you know... you never know To be clear not Pro and not a pro but; Vermillion used a second shelf to raise money while in bankrupcy allowing it to exit and restate shares. from memory they sold 1.8 million shares at ~18 bucks a share to raise money and exited bankrupcy in Januany of 2010 with something like 9 million outstanding shares. In our case there would have to be change to the plan based on an outside investor wanting to invest money in Kodak; they would use the old shares since the tax assets reside in those shares... Kodak does not have the money to invest; if things work for the old shareholders it will be from new money from outside Kodak; this new money sees value in the tax assets and have a business plan from this new Kodak...
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Post by forkodak on Feb 26, 2014 15:24:23 GMT -5
To be clear not Pro and not a pro but;
Vermillion used a second shelf to raise money while in bankrupcy allowing it to exit and restate shares.
from memory they sold 1.8 million shares at ~18 bucks a share to raise money and exited bankrupcy in Januany of 2010 with something like 9 million outstanding shares.
In our case there would have to be change to the plan based on an outside investor wanting to invest money in Kodak; they would use the old shares since the tax assets reside in those shares...
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Post by forkodak on Feb 25, 2014 10:15:13 GMT -5
which means what ?!? anyways means MORE time to work on the buyout little buddy.. needed more time to hammer out the details and everyone here including ROBOT will be a big winner. I doubt there will be a buyout, I thinking there will be a second shelf on old shares to save tax assets then Kodak will acquire assets that make money with cash from second shelf...
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Post by forkodak on Feb 20, 2014 11:55:15 GMT -5
Not sure; could add more conjecture but not sure that is a good idea... What do you think?
On another note I am not sure what I should do about my taxes; I think I will wait and take the losses when I file in 2015 for 2014... Will have to ask my tax guy when it comes to that I guess....
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Post by forkodak on Feb 20, 2014 11:41:50 GMT -5
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Gold
Feb 17, 2014 14:41:30 GMT -5
Post by forkodak on Feb 17, 2014 14:41:30 GMT -5
My investing in Kodak might have made me a bit bi-polar
I jump back and forth from extremes
I find myself humming BLACK FLAG LYRICS for "Depression" Depression's got a hold of me Depression, I gotta break free Depression's got a hold on me Depression's gonna kill me
But I still using my logic see gold and I swing hard the other way
And then College football get me thinking of MACKLEMORE LYRICS Can we go back, this is the moment Tonight is the night, we’ll fight 'til it’s over So we put our hands up like the ceiling can’t hold us Like the ceiling can’t hold us Can we go back, this is the moment Tonight is the night, we’ll fight 'til it’s over So we put our hands up like the ceiling can’t hold us Like the ceiling can’t hold us
And so we put our hands up And so we put our hands up
But in this high I am softly singing The Roof is on Fire Lyrics - Bloodhound Gang
The roof the roof the roof is on fire The roof the roof the roof is on fire The roof the roof the roof is on fire We don't need no water let the motherfucker burn Burn motherfucker burn
I swing back and forth but still have hyper hope for big returns....
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Gold
Feb 17, 2014 11:27:23 GMT -5
Post by forkodak on Feb 17, 2014 11:27:23 GMT -5
YOLO I went to early, I went too big broke I came to rest in the slush at the bottom of the halfpipe everything is quiet I hear the wind and feel water soak in as I lie there in the melting snow As they run up to help I can tell from their eyes it might not be water soaking in they say there will be no recovery I feel a chill all is quiet...
YOLO(you only live once)
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Gold
Feb 16, 2014 15:51:12 GMT -5
Post by forkodak on Feb 16, 2014 15:51:12 GMT -5
current market cap is ~1.26 billion; not sure but I think the tax assets that reside in the old shares is higher than current market value; seems like there is still a play using the old shares... The thing about tax assets is they only have value if you make money to consume the tax assets.... if Kodak had money and bought new assets that then consumed the tax assets over time; but how to get new money? >> the way they might do this is a second shelf on the old shares >> once Kodak has the money and still has the tax assets it could invest in growth or buy additional assets that over time would consume the tax assets and create jobs....
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Post by forkodak on Feb 15, 2014 9:38:00 GMT -5
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Gold
Feb 13, 2014 16:37:09 GMT -5
Post by forkodak on Feb 13, 2014 16:37:09 GMT -5
Well half my old shares are taxable and I received my form 1099 today so there is that...
If there is anything to 6 months from September 3 then March 3rd might mean some parties might be able to start trading... If something good were to happen it would seem in might need to happen prior to the March 3rd date...
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Post by forkodak on Jan 29, 2014 10:17:53 GMT -5
Doc 6239 Filed 01/28/14 ORDER EXTENDING TIME TO ANSWER TRUSTEE’S COMPLAINTS WHEREAS, on or about January 13, 2014, Alan D. Halperin, as Trustee of the Kodak GUC Trust (the “Trustee”) began filing complaints (collectively, the “Complaints”) commencing adversary proceedings in the above-captioned bankruptcy cases (collectively, the “Adversary Proceedings”); and it is on recommendation of the Trustee, ORDERED, that Defendants’ deadline to answer or otherwise respond to the Complaints is hereby extended to March 31, 2014, without prejudice to further extensions; and it is further ORDERED, that the Trustee shall provide appropriate notice of this adjournment order to the Defendants; and it is further ORDERED, that a copy of this order may be filed in the chapter 11 case rather than in each individual adversary proceeding. Dated: New York, New York January 28, 2014 s www.kccllc.net/kodak/document/1210202140128000000000001plus a few more orders 1/28/2014 6244 Order Sustaining Debtors’ Forty-Fifth Omnibus Objection to Claims as to Proof of Claim 6605 of Rodrigo Bolanos Related Document(s): 5333 1 41 k 1/28/2014 6243 Order Sustaining Debtors’ Forty-Ninth Omnibus Objection to Claims as to Proof of Claim 6472 of Dora Bernadette Campbell Related Document(s): 5337 1 42 k 1/28/2014 6242 Order Sustaining Debtors’ Forty-Ninth Omnibus Objection to Claims as to Proof of Claim 6575 of Steve Dunn Related Document(s): 5337 1 41 k 1/28/2014 6241 Order Sustaining Debtors’ Forty-Seventh Omnibus Objection to Claims as to Proof of Claim 6858 of Dona J. Jackson Related Document(s): 5335 1 42 k 1/28/2014 6240 Order Sustaining Debtors’ Forty-Third Omnibus Objection to Claims as to Proofs of Claim 6432 and 6767 of Douglas Mann Sr. Related Document(s): 5331 1 42 k 1/28/2014 6239 Order Extending Time to Answer Trustee's Complaints 0 38 k
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Post by forkodak on Jan 28, 2014 10:56:59 GMT -5
1/27/2014 6238 Order Sustaining Debtors’ Fifty-Second Omnibus Objection to Claims as to Proof of Claim 3203 of John F. Batter
Related Document(s): 5395 1 42 k 1/27/2014 6237 Order Sustaining Debtors’ Fifty-First Omnibus Objection to Claims as to Proof of Claim 6303 of Barbara Riley
Related Document(s): 5394 1 41 k 1/27/2014 6236 Order Sustaining Debtors’ Forty-Seventh Omnibus Objection to Claims as to Proof of Claim 6713 of Alfred and Carolyn Mador
Related Document(s): 5335 1 42 k 1/27/2014 6235 Order Sustaining Debtors’ Forty-Seventh Omnibus Objection to Claims as to Proof of Claim 6367 of Levi Riddle
Related Document(s): 5335 1 42 k 1/27/2014 6234 Order Sustaining Debtors’ Forty-Sixth Omnibus Objection to Claims as to Proof of Claim 6761 of Edgar Martinez
Related Document(s): 5334 1 41 k 1/27/2014 6233 Order Sustaining Debtors’ Forty-Sixth Omnibus Objection to Claims as to Proof of Claim 6757 of Tommy Robinson
Related Document(s): 5334 1 41 k 1/27/2014 6232 Order Sustaining Debtors’ Forty-Sixth Omnibus Objection to Claims as to Proof of Claim 6344 of Victor Pilson
Related Document(s): 5334 1 41 k 1/27/2014 6231 Order Sustaining Debtors’ Forty-Sixth Omnibus Objection to Claims as to Proof of Claim 6715 of Valentin Ortega
Related Document(s): 5334 1 41 k 1/27/2014 6230 Order Sustaining Debtors’ Forty-Fifth Omnibus Objection to Claims as to Proof of Claim 6886 and 6855 of Salvatore Sciortino
Related Document(s): 5333 1 42 k 1/27/2014 6229 Order Sustaining Debtors’ Forty-Fifth Omnibus Objection to Claims as to Proof of Claim 6434 of Mary S. Servey
Related Document(s): 5333 1 42 k 1/27/2014 6228 Order Sustaining Debtors’ Forty-Fifth Omnibus Objection to Claims as to Proof of Claim 6283 of Roman Stanko
Related Document(s): 5333 1 42 k 1/27/2014 6227 Order Sustaining Debtors' Forty-Fourth Omnibus Objection to Claims as to Proof of Claim 6942 of John C. Wilt
Related Document(s): 5332 1 42 k 1/27/2014 6226 Order Sustaining Debtors' Forty-Third Omnibus Objection to Claims as to Proof of Claim 6641 of Earlina McKnight
Related Document(s): 5331 1 42 k 1/27/2014 6225 Order Sustaining Debtors' Forty-Fourth Omnibus Objection to Claims as to Proof of Claim 6924 of John A. Dabdoub
Related Document(s): 5332 1 42 k 1/27/2014 6224 Order Sustaining Debtors' Forty-Third Omnibus Objection to Claims as to Proof of Claim 6279 of Cora Cramer
Related Document(s): 5331 1 42 k 1/27/2014 6223 Order Sustaining Debtors' Forty-Fourth Omnibus Objection to Claims as to Proof of Claim 6968 of Laurie and Russ Brummett
Related Document(s): 5332 1 44 k 1/27/2014 6222 Order Sustaining Debtors' Forty-Fourth Omnibus Objection to Claims as to Proof of Claim 6617 of James Brennan
Related Document(s): 5332
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