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Post by kadokowl on Dec 11, 2012 12:52:00 GMT -5
This is what a small companies POR in ch 11 looks like. They were able to maintain an equity interest in the new company. Except Kodak is 1000000X bigger and has solid assets so I'd say worst case scenario we retain a % equity interest similar to this case but that's if the BOD wanted to screw us over. With all court documents hinting at major deals and the settlements of huge liabilities being enormously cut its lookin like BOD intend to keep us along for the ride. That's why they didn't want us to form an equity commity, theres no need to waste more reaources, they just want us to sit back and shut up for the ride. Any ways I'd thought this would be a motivator because all bashers for this company said it couldn't be done and common would be wiped out. And although they didn't retain 100% equity interest they still held on because they knew there was value. Just like we know theres substantial value in Kodak and were holding on to it with a tighter grip. cprkbk.com/CourtDocuments/WUCC-Utah/0904.pdf
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