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Post by coxatdotnet on Mar 20, 2013 12:12:43 GMT -5
www.democratandchronicle.com/article/20130320/BUSINESS/303200033/Kodak-stock-priceThe stock of bankrupt Eastman Kodak Co. has been on a tear, more than doubling in price over the last seven trading sessions. Oddly, the increase coincides with Kodak’s 10-K filed after the close of trading on March 11 when the company said it’s “unlikely we will propose to make any distribution on account of the stock.” Kodak stock had been trading in the neighborhood of 20 cents since November, with two brief excursions to 25 cents. The uptick began in earnest March 13 with a 19 percent increase, closing that day at 24.95 cents in over-the-counter trading. The increase was only beginning. From 20.2 cents where the stock closed just before the 10-K was filed, the stock ran up another 31 percent in Tuesday’s trading alone, to close at 44.9 cents. The increase “is the greater fool theory playing out before our eyes,” according to Ken, president of Intrinsic Value Asset Management Inc. in Santa Monica, Calif. Noting that unsecured bonds are trading around 13 cents, Pro asked, “How can the shareholders get anything?”
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Post by mikewestveer on Mar 20, 2013 12:15:00 GMT -5
Wonder why Daneman doesn't ask Pro why he changed his tune?
Great reporting is dead in this country.
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Post by newyorkled2008 on Mar 20, 2013 12:16:27 GMT -5
Boggles the mind that this rag would continue to quote that fool!
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Post by coxatdotnet on Mar 20, 2013 12:16:34 GMT -5
Wonder why Daneman doesn't ask Pro why he changed his tune? Great reporting is dead in this country. It wasn't Daneman this time. Someone named Bill Rochelle.
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Post by malignment on Mar 20, 2013 12:18:04 GMT -5
Same thing pro said ...
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Post by mglassma on Mar 20, 2013 12:18:06 GMT -5
If this guy is really proforkodak like some of you have hinted then he is in big trouble. My god, I hope he has money left over for a legal team. Funny how he is now crucifying common so people will buy the bonds. Not only does this pro guy deserve prison he also deserves a roommate that is very lonely. Hopefully the SEC and the US attorneys office has already flagged his yahoo account. I know that a list of his former clients are surely organizing/whistle blowing. This pro guy is in way over his head this time.
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Post by newyorkled2008 on Mar 20, 2013 12:18:29 GMT -5
He's from Bloomberg...so it'd figure even more.
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Post by coxatdotnet on Mar 20, 2013 12:23:55 GMT -5
Wonder why Daneman doesn't ask Pro why he changed his tune? Great reporting is dead in this country. About the article Conboy writes: "My theory of little for shareholders seems to have a new convert." At least George recognizes the 180.
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Post by mglassma on Mar 20, 2013 12:26:21 GMT -5
Truthfully Conboy has every right to blast that prick. Now the funny thing is, let them both be wrong.
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Post by newyorkled2008 on Mar 20, 2013 12:31:34 GMT -5
It'd only figure now for Pro to chummy up with Conboy and begin citing him.
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Post by it2012 on Mar 20, 2013 13:35:21 GMT -5
www.democratandchronicle.com/article/20130320/BUSINESS/303200033/Kodak-stock-priceThe stock of bankrupt Eastman Kodak Co. has been on a tear, more than doubling in price over the last seven trading sessions. Oddly, the increase coincides with Kodak’s 10-K filed after the close of trading on March 11 when the company said it’s “unlikely we will propose to make any distribution on account of the stock.” Kodak stock had been trading in the neighborhood of 20 cents since November, with two brief excursions to 25 cents. The uptick began in earnest March 13 with a 19 percent increase, closing that day at 24.95 cents in over-the-counter trading. The increase was only beginning. From 20.2 cents where the stock closed just before the 10-K was filed, the stock ran up another 31 percent in Tuesday’s trading alone, to close at 44.9 cents. The increase “is the greater fool theory playing out before our eyes,” according to Ken, president of Intrinsic Value Asset Management Inc. in Santa Monica, Calif. Noting that unsecured bonds are trading around 13 cents, Pro asked, “How can the shareholders get anything?” so why the "greater fool" decided to buy now? It has seen many better situations before with news. Would a fool buy with no news?
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Post by coxatdotnet on Mar 20, 2013 14:06:39 GMT -5
Wonder why Daneman doesn't ask Pro why he changed his tune? Great reporting is dead in this country. It wasn't Daneman this time. Someone named Bill Rochelle. Now Daneman has weighed in on Twitter: #Kodak stock been on a tear despite EK saying shares unlikely to survive Ch. 11
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Post by cswift71 on Mar 20, 2013 14:09:52 GMT -5
It wasn't Daneman this time. Someone named Bill Rochelle. Now Daneman has weighed in on Twitter: #Kodak stock been on a tear despite EK saying shares unlikely to survive Ch. 11 Kodak has not said anything about the commons good or bad. How do these guys get away with this type of 'reporting'?
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Post by mglassma on Mar 20, 2013 14:12:12 GMT -5
How can you in good conscience cite that man in an article right now without a disclaimer?
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Post by it2012 on Mar 20, 2013 14:13:47 GMT -5
Now Daneman has weighed in on Twitter: #Kodak stock been on a tear despite EK saying shares unlikely to survive Ch. 11 Kodak has not said anything about the commons good or bad. How do these guys get away with this type of 'reporting'? I scanned the 10k and did not find anything related to what they are reporting? from the 10k " Our plan of reorganization and related disclosure statement is not yet available, and the contents of our plan of reorganization are uncertain and highly speculative.We have not distributed a plan of reorganization to creditors or filed a plan of reorganization with the Bankruptcy Court and may not do so for some time. The plan of reorganization will be accompanied by a disclosure statement approved by the Bankruptcy Court and will provide “adequate information” (as used in the Bankruptcy Code) to those stakeholders entitled to vote on the plan of reorganization. All prepetition claims against the Debtors will likely be subject to compromise in our plan of reorganization and the nature and amount of distributions to prepetition creditors is highly speculative at this time. Additionally, it is unlikely that we will propose to make any distribution on account of the stock of the Company in connection with our plan of reorganization. Any investment in our securities prior to review of a Bankruptcy Court-approved disclosure statement is also highly speculative. The contents of our plan of reorganization will depend on many factors beyond the value of our assets, including the amount of claims against those assets, the resolution of intercompany claims, the results of strategic processes that are underway, our business results, our financing activities, and the outcome of negotiations with creditors. The contents of our plan of reorganization are uncertain and may be dramatically different than the current expectations of the Company or any of its stakeholders. The plan of reorganization also may treat prepetition claims of certain customers, suppliers and continuing business partners more favorably than general unsecured creditors." and all of this under "Risk Factors" section of the 10k
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Post by johndeere on Mar 20, 2013 14:15:40 GMT -5
Wow, we need to contact the editor for those flat out lies.
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Post by cswift71 on Mar 20, 2013 14:17:14 GMT -5
Wow, we need to contact the editor for those flat out lies. Hey JD you are usually pretty good on smacking these Twitter clowns. Ask him to provide a link which sites Kodak says common is 'unlikely to survive'
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Post by mglassma on Mar 20, 2013 14:17:50 GMT -5
Well we should all email Mr. Daneman and let him know how irresponsible Mr. Daneman is for reporting that. mdaneman@democratandchronicle.com
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Post by Marriott on Mar 20, 2013 14:44:31 GMT -5
Kodak has not said anything about the commons good or bad. How do these guys get away with this type of 'reporting'? I scanned the 10k and did not find anything related to what they are reporting? from the 10k " Our plan of reorganization and related disclosure statement is not yet available, and the contents of our plan of reorganization are uncertain and highly speculative.We have not distributed a plan of reorganization to creditors or filed a plan of reorganization with the Bankruptcy Court and may not do so for some time. The plan of reorganization will be accompanied by a disclosure statement approved by the Bankruptcy Court and will provide “adequate information” (as used in the Bankruptcy Code) to those stakeholders entitled to vote on the plan of reorganization. All prepetition claims against the Debtors will likely be subject to compromise in our plan of reorganization and the nature and amount of distributions to prepetition creditors is highly speculative at this time. Additionally, it is unlikely that we will propose to make any distribution on account of the stock of the Company in connection with our plan of reorganization. Any investment in our securities prior to review of a Bankruptcy Court-approved disclosure statement is also highly speculative. The contents of our plan of reorganization will depend on many factors beyond the value of our assets, including the amount of claims against those assets, the resolution of intercompany claims, the results of strategic processes that are underway, our business results, our financing activities, and the outcome of negotiations with creditors. The contents of our plan of reorganization are uncertain and may be dramatically different than the current expectations of the Company or any of its stakeholders. The plan of reorganization also may treat prepetition claims of certain customers, suppliers and continuing business partners more favorably than general unsecured creditors." and all of this under "Risk Factors" section of the 10k ---------------------------------------------------------------- There is enough " wiggle room " in the statement above that would appear to support their agenda-driven , lazy and irresponsible remarks.
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Post by newyorkled2008 on Mar 20, 2013 14:46:00 GMT -5
Well we should all email Mr. Daneman and let him know how irresponsible Mr. Daneman is for reporting that. mdaneman@democratandchronicle.com Matt It's Bill Rochelle ... apparently of Bloomberg
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Post by mglassma on Mar 20, 2013 14:47:35 GMT -5
Daneman had the tweet regarding the liklihood of survival right?
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Post by cswift71 on Mar 20, 2013 14:49:25 GMT -5
He did...
Now Daneman has weighed in on Twitter:
#Kodak stock been on a tear despite EK saying shares unlikely to survive Ch. 11
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Post by mglassma on Mar 20, 2013 14:50:07 GMT -5
I emailed him asking him by what authority he can make that claim
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Post by coxatdotnet on Mar 20, 2013 14:50:32 GMT -5
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Post by newyorkled2008 on Mar 20, 2013 14:51:18 GMT -5
There is enough " wiggle room " in the statement above that would appear to support their agenda-driven , lazy and irresponsible remarks. Hmmmmm, 'lazy' 'irresponsible' YUP, that just about sums up the journalism of today.
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Post by cswift71 on Mar 20, 2013 14:51:23 GMT -5
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Post by newyorkled2008 on Mar 20, 2013 14:57:58 GMT -5
But why bother with Daneman if it's the fella from Bloomberg who originated the statement?
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Post by mglassma on Mar 20, 2013 15:04:54 GMT -5
I guess I should have emailed the other guy. Anybody down to email the other guy and find out what the dealio is?
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jr
Junior Member
Posts: 134
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Post by jr on Mar 20, 2013 16:29:49 GMT -5
If this guy is really proforkodak like some of you have hinted then he is in big trouble. My god, I hope he has money left over for a legal team. Funny how he is now crucifying common so people will buy the bonds. Not only does this pro guy deserve prison he also deserves a roommate that is very lonely. Hopefully the SEC and the US attorneys office has already flagged his yahoo account. I know that a list of his former clients are surely organizing/whistle blowing. This pro guy is in way over his head this time. What makes you think that his clients have grounds for suing him, or the SEC for pursuing criminal action against him? Can you be specific?
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Post by filmisking on Mar 20, 2013 18:31:43 GMT -5
Kodak has not said anything about the commons good or bad. How do these guys get away with this type of 'reporting'? I scanned the 10k and did not find anything related to what they are reporting? from the 10k " Our plan of reorganization and related disclosure statement is not yet available, and the contents of our plan of reorganization are uncertain and highly speculative.We have not distributed a plan of reorganization to creditors or filed a plan of reorganization with the Bankruptcy Court and may not do so for some time. The plan of reorganization will be accompanied by a disclosure statement approved by the Bankruptcy Court and will provide “adequate information” (as used in the Bankruptcy Code) to those stakeholders entitled to vote on the plan of reorganization. All prepetition claims against the Debtors will likely be subject to compromise in our plan of reorganization and the nature and amount of distributions to prepetition creditors is highly speculative at this time. Additionally, it is unlikely that we will propose to make any distribution on account of the stock of the Company in connection with our plan of reorganization. Any investment in our securities prior to review of a Bankruptcy Court-approved disclosure statement is also highly speculative. The contents of our plan of reorganization will depend on many factors beyond the value of our assets, including the amount of claims against those assets, the resolution of intercompany claims, the results of strategic processes that are underway, our business results, our financing activities, and the outcome of negotiations with creditors. The contents of our plan of reorganization are uncertain and may be dramatically different than the current expectations of the Company or any of its stakeholders. The plan of reorganization also may treat prepetition claims of certain customers, suppliers and continuing business partners more favorably than general unsecured creditors." and all of this under "Risk Factors" section of the 10k This is the line: Additionally, it is unlikely that we will propose to make any distribution on account of the stock of the Company in connection with our plan of reorganization.That's the phrase they are quoting. regards,
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