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Court
Aug 20, 2013 12:31:12 GMT -5
Post by We Got Hosed!!! on Aug 20, 2013 12:31:12 GMT -5
Swift... did we safe by lunch time bell? we need a time out to re-group.
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Court
Aug 20, 2013 12:31:43 GMT -5
via mobile
Post by cswift71 on Aug 20, 2013 12:31:43 GMT -5
#Kodak judge says he heard shareholder objections aug 5, not heard anything new. Those 200 pro se objections might be shot down en masse.
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Court
Aug 20, 2013 12:33:02 GMT -5
Post by kevinblandford on Aug 20, 2013 12:33:02 GMT -5
KKR hands are tied, they cannot do anything because of the Poison Pill ... KKR helped make that pill. It is to be used or not. Kodak can accept an offer any time they want. However, no one else can make an OUTSIDE offer yet.
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Court
Aug 20, 2013 12:33:19 GMT -5
via mobile
Post by cswift71 on Aug 20, 2013 12:33:19 GMT -5
Shareholder is speaking again. Judge says he already ruled on many of these issues raised at previous hearing news_8 #Kodak
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Court
Aug 20, 2013 12:34:28 GMT -5
Post by We Got Hosed!!! on Aug 20, 2013 12:34:28 GMT -5
crunch time buddy...
we are in the 4th quarter... last play of the game..
4th and goal...
there's no more time left...
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Court
Aug 20, 2013 12:38:04 GMT -5
via mobile
Post by cswift71 on Aug 20, 2013 12:38:04 GMT -5
Judge Gropper: "Creditors in this case are expecting to get 4-5% on their claims. Their [claims] come before shareholders." #Kodak news_8
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Court
Aug 20, 2013 12:39:17 GMT -5
via mobile
Post by cswift71 on Aug 20, 2013 12:39:17 GMT -5
#Kodak judge - 'Shareholder view there is billion$ of hidden value here is simply wrong. Go on to your next argument."
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Court
Aug 20, 2013 12:40:37 GMT -5
Post by johndeere on Aug 20, 2013 12:40:37 GMT -5
Judge appears to be working for Kodak here
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Court
Aug 20, 2013 12:41:29 GMT -5
via mobile
Post by cswift71 on Aug 20, 2013 12:41:29 GMT -5
#Kodak judge "we operate on the basis of evidence.' Seems largely dismissing all the myriad shareholder arguments.
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Court
Aug 20, 2013 12:43:08 GMT -5
Post by kevinblandford on Aug 20, 2013 12:43:08 GMT -5
I would think that if this POR gets approved it automatically opens up OUTSIDE offers and voids exclusivity.
.
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Post by kevinblandford on Aug 20, 2013 12:45:21 GMT -5
once your plan is approved why do you need exclusivity?
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Court
Aug 20, 2013 12:47:53 GMT -5
Post by We Got Hosed!!! on Aug 20, 2013 12:47:53 GMT -5
good point Kevin... never look at that angel.. I'm with you...
it's 4th and goal... forgotten we still got 3 timeouts in our back pocket.
between today and Sept 3... about two weeks..
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fufat
Junior Member
Posts: 194
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Court
Aug 20, 2013 12:52:26 GMT -5
Post by fufat on Aug 20, 2013 12:52:26 GMT -5
Judge appears to be working for Kodak here The R&D Kodaks been doing lately must of been deep in MIND CONTROL. First the Retirees then the Creditors, US Trustee and now the Court. WOW what a revenue stream this new technology would bring!!! New Tech Breakthrough tested in the lab and out!!!
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Court
Aug 20, 2013 12:54:13 GMT -5
Post by kevinblandford on Aug 20, 2013 12:54:13 GMT -5
once your plan is approved you have garnered your support and don't need the exclusivity to do so
having further exclusivity only prevents a different buyer @ that point and is needless from the courts point of view.
if your plan is best it will fly without exclusivity
if it is not best a new buyer will show
like sbg said: don't underestimate the other guys greed
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Court
Aug 20, 2013 12:54:42 GMT -5
via mobile
Post by cswift71 on Aug 20, 2013 12:54:42 GMT -5
Gropper orders a break. Implies he will confirm. Tells one objector that he will 'go thru confirmation order' during break. #kodak.
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Court
Aug 20, 2013 12:58:43 GMT -5
via mobile
Post by cswift71 on Aug 20, 2013 12:58:43 GMT -5
A shareholder over the phone is making a case. Judge Gropper has indicated he will take a break in a bit. news_8 #Kodak
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Court
Aug 20, 2013 12:59:57 GMT -5
Post by julgob on Aug 20, 2013 12:59:57 GMT -5
A shareholder over the phone is making a case. Judge Gropper has indicated he will take a break in a bit. news_8 #Kodak
what it means?
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sirbika
New Member
"If I had to do it all over again, I would go back to right now!"
Posts: 94
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Court
Aug 20, 2013 13:06:30 GMT -5
Post by sirbika on Aug 20, 2013 13:06:30 GMT -5
Has anyone confirmed or asked if the assumption of unsecured creditors getting 4-5% is true if they are fully subscribed with the backstop party as explained in Matt Glassman's letter DOC#4714? What happened to the response to this letter? If what Matt is saying is true than looks like the Judge has not read this letter. According to Matt's letter if fully subscribed then the unsecured are getting 72% of this company and not the 4-5% that Judge Gropper is under the assumption they are getting! Hence why they are ok with this POR!
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Court
Aug 20, 2013 13:14:04 GMT -5
Post by goldentouch on Aug 20, 2013 13:14:04 GMT -5
Has anyone confirmed or asked if the assumption of unsecured creditors getting 4-5% is true if they are fully subscribed with the backstop party as explained in Matt Glassman's letter DOC#4714? What happened to the response to this letter? If what Matt is saying is true than looks like the Judge has not read this letter. According to Matt's letter if fully subscribed then the unsecured are getting 72% of this company and not the 4-5% that Judge Gropper is under the assumption they are getting! Hence why they are ok with this POR! They are getting 15% of the company, with no additional money being put up The rest of the company you need to put up money to be eligible for. Written clear as day in the POR. The money (in case you are not aware) is being used to pay off the secured creditors.
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Court
Aug 20, 2013 13:31:31 GMT -5
Post by kevinblandford on Aug 20, 2013 13:31:31 GMT -5
Has anyone confirmed or asked if the assumption of unsecured creditors getting 4-5% is true if they are fully subscribed with the backstop party as explained in Matt Glassman's letter DOC#4714? What happened to the response to this letter? If what Matt is saying is true than looks like the Judge has not read this letter. According to Matt's letter if fully subscribed then the unsecured are getting 72% of this company and not the 4-5% that Judge Gropper is under the assumption they are getting! Hence why they are ok with this POR! I agree that this keeps coming up and is not being responded to properly. My math has been called into question but with 1 billion in the bank it would seem that the unsecured would get more by just asking for the cash on hand, no? I mean as a creditor my interest is not your ongoing business, it is the highest payment I desire. Here is a stupid question. Why would the unsecured interest want to buy the company and keep management in place? If your owed 3 billion does it makes sense to take 150 mill when there is 1.1 BILLION in the bank? Only when your buying the company. cuz now you have 150 million paid back and 85% of the restructured company that's how you use 3 billion in debt to buy a company or what is commonly called a LEVERAGED BUYOUT
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Court
Aug 20, 2013 13:39:20 GMT -5
Post by cswift71 on Aug 20, 2013 13:39:20 GMT -5
#Kodak hearing on lunch break, but seems pretty certain plan to be approved. Shareholder frustration evident: "It's fraud."
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Court
Aug 20, 2013 13:43:02 GMT -5
Post by julgob on Aug 20, 2013 13:43:02 GMT -5
why is it pretty certain it is approved ?
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Court
Aug 20, 2013 13:43:04 GMT -5
Post by rc1974 on Aug 20, 2013 13:43:04 GMT -5
And with shareholder cancellation almost guaranteed, the stock is still holding up. Is everyone so hopeful? I am for sure.
RC
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Court
Aug 20, 2013 13:45:53 GMT -5
Post by kevinblandford on Aug 20, 2013 13:45:53 GMT -5
better offers will come before exit
bet both testies
approve this POR and lets get on with it
now that we have the stalking horse, let the real race begin
we already know the company is being "sold"
the question now is to who will end up with it and for how much?
If you think the current bid wins sell your stock.
If you think other interest value kodak higher and will make themselves known hold or buy.
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Court
Aug 20, 2013 13:47:16 GMT -5
Post by julgob on Aug 20, 2013 13:47:16 GMT -5
Kevin... SO even if the POR is approved, we still have our chances ?
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Court
Aug 20, 2013 13:48:47 GMT -5
Post by kevinblandford on Aug 20, 2013 13:48:47 GMT -5
yes
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Court
Aug 20, 2013 13:49:33 GMT -5
Post by rc1974 on Aug 20, 2013 13:49:33 GMT -5
I agree with Kevin, approve this POR and let's move on. No one is expecting the POR to not be approved. We all want to see what happens next.
RC
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Court
Aug 20, 2013 13:49:34 GMT -5
Post by julgob on Aug 20, 2013 13:49:34 GMT -5
how come ... exlplain in details..
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Court
Aug 20, 2013 13:49:54 GMT -5
Post by goldentouch on Aug 20, 2013 13:49:54 GMT -5
Don't listen to this guy tweeting, he is working for the backstop committee.
He is trying to get you guys to sell your shares so his boss can buy them on the cheap.
Kevin- this is a placemat POR, remember? How I would love to pick your mind for 20 minutes to figure out is you are truly a moron or a savant. (no homo style)
On a serious note, don't wait for plan to get approved if money means anything to you... shareholders will get wiped out GUARANTEED. Better to lose 75% than 100%.
And as arctic says, make this post and read it again in 6 months and tell me how you feel about it.
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Court
Aug 20, 2013 13:51:53 GMT -5
Post by julgob on Aug 20, 2013 13:51:53 GMT -5
We still wonder WHY you care so much golden... you could just move on... why you still there?
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