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Post by updated on Aug 24, 2013 10:24:20 GMT -5
lol GOARMY, thxxx... much appreciated Oh, and I would be remiss if I didn't tell Kid to fuck off... you are one of the most miserable pricks I have ever encountered online or off. Along with Pro, I cannot wish either of them good fortune... but everyone else, I sincerely do (yeah, even you, Updated). Now then.... onward towards the cliff ladies and gents... queue the white knight!!!
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Post by littlefred747 on Aug 24, 2013 11:17:32 GMT -5
After the debacle in the court Tuesday night, there wasn't enough left in my Kodak holdings to bother salvaging. I was ready to go off the cliff Thelma and Louise style. Then, like a phoenix, Kodak rose from the ashes Wednesday and I punked out selling 5/6th of my holdings to get a bit over half my initial investment back. But I couldn't sell it all... just in case. So I'm not triple dog dare all in times infinity, but I still have a good amount of shares and am hoping for a white knight. I want to see this thing work out because: - It would be awesome for Kodak to screw over "Pro" 3 times! - For all the pensioners who held to the bitter end, believing in the once great Eastman Kodak they knew and loved. - For all you guys who did go triple dog dare all in times infinity and had more balls than I to let it all ride. - But most of all, I want Kevin to be able to flip off all the doubters, all the haters, and all the disbelievers.... to be a hero (no homo style bro)! I don't post much, but while I am here, I too want to thank SBG, DRV, SUB, and all the others who have put in so much time and energy fighting an amazing fight against all odds. I thought DRV was full of shit when he first showed up (and for some time after as well). Rarely have I been so wrong about someone. And I want to thank some of the great personalities who have contributed to this community in many different ways... SBG, Mic, Swift, Fred, Marriott, Logic, Kevin, Busted, Psalm (recent posts excluded), Angels, and all the rest who I am sure I have forgotten to list. Heck, I even appreciate the input of Golden and the StinkyFox... although I didn't always appreciate how they messaged it... especially the smelly one. Oh, and I would be remiss if I didn't tell Kid to fuck off... you are one of the most miserable pricks I have ever encountered online or off. Along with Pro, I cannot wish either of them good fortune... but everyone else, I sincerely do (yeah, even you, Updated). Now then.... onward towards the cliff ladies and gents... queue the white knight!!! Gorby...I too was dead wrong about DRV. I underestimated him. He turned out to be an incredibly intelligent, solid brother in arms. I overestimated myself. I crumbled under pressure, almost mortally wounded after the POR was proposed months ago. I became a liability to this community...only now, with freshly emptied hands and no expectations, that I can even conceive of another way out. In some strange way, Hope has returned...even with the cliff in sight and approaching! There is something liberating about a "drop dead" date certain. Hang in there bro.... Enjoy the sunset of this season...they don't come along that often!
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Post by We Got Hosed!!! on Aug 24, 2013 11:59:38 GMT -5
And there may be more buying opportunities after the weekend. I doubt there will be any action until after the KPP deal is complete. Any action before that, would jeopardize this deal, which is basically the only good thing Lazard did. Once those 2.8 billion in liabilities are wiped out and they get the cash from this deal, kodak will now be very very attractive. This is when a solid offer can come in. One that is not too low, as it could spark a bidding war, but one that is just right and one that cannot be topped too easily by anyone. And if there is no offer, this is where I think lawsuits can come in, because now you have a very healthy company that is coming out of bankruptcy with significantly reduced liabilities and a pile of cash on hand, with very good debt conditions. Good luck to us all. RC The KPP deal is already sealed. September 1st, they are the officially owner. Monday 9/2/2013 is labor.. Tuesday 3rd is where they emerge.. IMO, they are not making an offer after 9/1.. Friday afternoon, there were some pretty sizable lot at .087c. I think the action will get start early next week.
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Post by rc1974 on Aug 24, 2013 12:14:00 GMT -5
Possibly, but an offer can come on Labor Day regardless of whether the market is open or closed, but it would be odd. Hopefully sooner. Either way, I am convinced its coming, just not until after mid week.
Lets hope
RC
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Post by julgob on Aug 24, 2013 12:19:22 GMT -5
Ok but they said they "could" exit bk on the 3rd but they never said they "will"
On top of that we have NO clarification as to what's the exact date they emerge so... alot can can happen between now and then. plus they said the stock continue to trade so let's see.
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Post by We Got Hosed!!! on Aug 24, 2013 12:46:01 GMT -5
Ok but they said they "could" exit bk on the 3rd but they never said they "will" On top of that we have NO clarification as to what's the exact date they emerge so... alot can can happen between now and then. plus they said the stock continue to trade so let's see. that's true... no confirmation on the emergence day we should hear something next week on emergence day..
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Post by julgob on Aug 24, 2013 12:51:20 GMT -5
Why are they still not sure of the exact date ?
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Post by julgob on Aug 24, 2013 12:59:42 GMT -5
Maybe kodak had to prove they can officially emerge from bk before an entity decide to make a better offer than the current POR.
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Post by updated on Aug 24, 2013 14:43:06 GMT -5
Normally Buyouts take place during weekends... if we don't hear anything by end of day then the buyout chance(IMO) is getting slimmer and slimmer let's just hope we hear something soon
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Post by justice4kodak on Aug 24, 2013 15:13:32 GMT -5
I believe there is not any buy out offer when there is not any seller. ******* With the help from the dirty crooks, dishonorable judge Rubber, and US Dis-Trustee, Kodak B.O.D. has successfully lied and robbed share holders billions of dollars. Regardless of claiming for billions of dollars in NOLs (Net Operation Losses), Kodak B.O.D. still win alot of money if EC is not formed. With this dirty billions dollars stolen from share holders, Kodak B.O.D. is not stupid enough to put its company on sale!!!!!! ****** Justice, real justice for innocent victims, justice for Kodak share holders, justice, and justice, please.
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Post by updated on Aug 24, 2013 15:19:09 GMT -5
I kinda agree ... they can block any buyout ... they went all the way to steal the company and you expect them not to be prepared to block any buyouts ... I believe there is not any buy out offer when there is not any seller. ******* With the help from the dirty crooks, dishonorable judge Rubber, and US Dis-Trustee, Kodak B.O.D. has successfully lied and robbed share holders billions of dollars. Regardless of claiming for billions of dollars in NOLs (Net Operation Losses), Kodak B.O.D. still win alot of money if EC is not formed. With this dirty billions dollars stolen from share holders, Kodak B.O.D. is not stupid enough to put its company on sale!!!!!! ****** Justice, real justice for innocent victims, justice for Kodak share holders, justice, and justice, please.
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Post by kevinblandford on Aug 24, 2013 15:31:41 GMT -5
I am sane enough to know I could be wrong and smart enough to know if I'm right any offer will come in the last minute this is why it's all or nothing for me ( with lyrics ) www.youtube.com/watch?v=nu6Os0R-tq4
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Post by updated on Aug 24, 2013 15:36:55 GMT -5
Kevin, why would the buyer wait till the last min? why wouldn't the buyout happens today?!?! they had enough time to prepare I am sane enough to know I could be wrong and smart enough to know if I'm right any offer will come in the last minute this is why it's all or nothing for me ( with lyrics ) www.youtube.com/watch?v=nu6Os0R-tq4
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Post by We Got Hosed!!! on Aug 24, 2013 16:07:06 GMT -5
Kevin, why would the buyer wait till the last min? why wouldn't the buyout happens today?!?! they had enough time to prepare I am sane enough to know I could be wrong and smart enough to know if I'm right any offer will come in the last minute this is why it's all or nothing for me ( with lyrics ) www.youtube.com/watch?v=nu6Os0R-tq4to give Pro, Goldie, Foxy, and Kid a heart attack.. that's why.. in reality, they can really get a boat of cheap if there's nothing out of the street next Friday... at you can see.. sometime of us already lighten the load and prepare for the wipe.. by next Friday the mass will hit the exit
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Post by kevinblandford on Aug 24, 2013 16:39:53 GMT -5
If I intended to take a public company private I would be buying all the shares on the open market at these prices I would accumulate up till the last minute this way my PER SHARE OFFER is 270 million shares MINUS the xxx,xxx,xxx of shares I purchased before making my offer wouldn't you accumulate in that scenario before making an offer? think of it this way but insert your own numbers, whatever they may be I'll use a $1 and $5 as references to stock and 5.5 bill as payment to secured and unsecured to throw numbers out the buck senario KKR purchased 150 million shares PRE offer @ a .25 average KKR just bought the company by securing the debt and paying only $160 mill for all the equity $5 secanrio Purchased 220 million shares Pre offer @ .25 average You paid $300 million for all the equity It's very easy for Private equity. Creditors can't bitch as they are getting paid @ 100 6 billion takeover (including the $160 mill in buck or $300 mill in $5 equity senarios ) Refinance 5 billion with your buddy banks Use a billion in internal funds KKR will use NOL's to offset taxes and the cash flows to pay off debt while the equity side grows and grows and grows somewhere after 2yrs they come back with a new IPO ( how much money do they rake in then ? ) and the NOL's will still be locked and intact now if a company wanted to come along and try to steal the deal from KKR with a counter offer KKR may not get the company but KKR would make a killing on the 25 cent shares if KKR does as I suspect this and the fact that KKR can benefit from the NOL's better than anyone is the reason I feel KKR is the buyer at this point KKR can take this private with very little cash out of it's own pocket and it would get very expensive for anyone else to then try and out bid KKR and they would not gain the equivalent NOL's
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Post by littlefred747 on Aug 24, 2013 16:40:12 GMT -5
Kevin, why would the buyer wait till the last min? why wouldn't the buyout happens today?!?! they had enough time to prepare to give Pro, Goldie, Foxy, and Kid a heart attack.. that's why.. in reality, they can really get a boat of cheap if there's nothing out of the street next Friday... at you can see.. sometime of us already lighten the load and prepare for the wipe.. by next Friday the mass will hit the exit Between now and then lies the opportunity.
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Post by kevinblandford on Aug 24, 2013 16:48:34 GMT -5
everything I've written above also explains the nearly 200 million shares traded since Tues. afternoon.
it makes more sense than saying market makers who are smart are running this - knowing that a loss is coming via musical chairs
or that dumb asses are buying in mass
I feel my scenario makes more sense than the other 2
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Post by rub1331 on Aug 24, 2013 17:18:26 GMT -5
You are absolutely correct, Kevin!
Bravo!!!
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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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Post by sirbika on Aug 24, 2013 17:21:12 GMT -5
Kevin how did you arrive at a $6B take over? Is that number to pay off the creditors at 100%? and to keep the current shares in tact to maintain the NOLs? Just trying to understand the logic here. Also how does KKR secure the debt? Do they secure it by being a majority controller of the current outstanding shares? I see you are using $5.5B to pay off everyone.
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Post by julgob on Aug 24, 2013 17:36:58 GMT -5
I hope kevin , I hope
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Post by kevinblandford on Aug 24, 2013 18:08:39 GMT -5
Kevin how did you arrive at a $6B take over? Is that number to pay off the creditors at 100%? and to keep the current shares in tact to maintain the NOLs? Just trying to understand the logic here. Also how does KKR secure the debt? Do they secure it by being a majority controller of the current outstanding shares? 6 Billion is a number I threw out of my ass. If it wasn't enough to payoff creditors I would think it is at least somewhere in the neighborhood ballpark. Current shares would be intact and NOL's are saved. KKR secures the debt by outlining the plan to fund the difference between what the banks will loan and the outstanding debts. KKR already has "internal" banks and investment funds to do such things. Like the KKR2006 fund used to buyout Kodak's 2033 bonds in 2009. As to your question regarding outstanding shares you reminded me of another point. Once this plan comes into light and brings equity ( current common ) into the picture if you do not have control of the voting class you run this risk of the majority wanting more. In addition to the reasons described above, by gaining control of the voting class PRE OFFER, your in a position to either accept your own offer or affect/delay counter offers. It's a good position to be in.
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Post by kevinblandford on Aug 24, 2013 18:55:25 GMT -5
Kevin how did you arrive at a $6B take over? Is that number to pay off the creditors at 100%? and to keep the current shares in tact to maintain the NOLs? Just trying to understand the logic here. Also how does KKR secure the debt? Do they secure it by being a majority controller of the current outstanding shares? 6 Billion is a number I threw out of my ass. If it wasn't enough to payoff creditors I would think it is at least somewhere in the neighborhood ballpark. Current shares would be intact and NOL's are saved. KKR secures the debt by outlining the plan to fund the difference between what the banks will loan and the outstanding debts. KKR already has "internal" banks and investment funds to do such things. Like the KKR2006 fund used to buyout Kodak's 2033 bonds in 2009. As to your question regarding outstanding shares you reminded me of another point. Once this plan comes into light and brings equity ( current common ) into the picture if you do not have control of the voting class you run this risk of the majority wanting more. In addition to the reasons described above, by gaining control of the voting class PRE OFFER, your in a position to either accept your own offer or affect/delay counter offers. It's a good position to be in. First combine the 1 billion sitting in CASH with even the MINIMAL cash flow projections now add in the fact you won't be paying taxes for 10+ years and that your "out of pocket" is very little now use your cash flow to pay off debt so your debt decreases while your equity increases and you all buddies get large salaries and performance bonuses along the way then come back to market with a new IPO with fresh start accounting and assetts listed @ fair market value with the debt steadily decreasing and profits increasing depending on how well you manage with mastermind partners ( remember the KKR and Kodak K squared group? )- in bringing solar applications, ink, uniboss deal and new ventures into fruition you could come back to market in 2 to 5 years you easily IPO 700 mill shares @ $25 a share you now a 15 billion dollar IPO with a very little "out of pocket" you and all your buddies walk away even fatter than before looking for the next one
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Post by updated on Aug 24, 2013 19:01:47 GMT -5
Kevin, you should call KKR and tell them... maybe they don't know that Kodak is being offered to blackstone
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Post by kevinblandford on Aug 24, 2013 19:15:54 GMT -5
It's pretty much a done deal.
Besides George Roberts and Henry Kravis probably funded every politician and judge in New York.
The .01% own the EPA.
Ya didn't know?
Go ask an owl.
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Post by updated on Aug 24, 2013 19:19:31 GMT -5
So Kevin, why KKR is waiting for the last minute to take over? I mean, what is the difference between this week and next week> It's pretty much a done deal. Besides George Roberts and Henry Kravis probably funded every politician and judge in New York. The .01% own the EPA. Ya didn't know? Go ask an owl.
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Post by kevinblandford on Aug 24, 2013 19:25:58 GMT -5
Kevin, you should call KKR and tell them... maybe they don't know that Kodak is being offered to blackstone Trust me they know. KKR has wanted to take Kodak private for 10 years. www.businessweek.com/magazine/content/09_51/b4160038935523.htm2 KKR members sat Kodak's board right up to the bk filing. Former Kodak Ceo G. Fischer is one of the most trusted advisers to George and Henry. Very hard to believe they woke up one day and decided differently. I am not going to call them. I'd like them to call me.
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Post by kevinblandford on Aug 24, 2013 19:37:32 GMT -5
So Kevin, why KKR is waiting for the last minute to take over? I mean, what is the difference between this week and next week> It's pretty much a done deal. Besides George Roberts and Henry Kravis probably funded every politician and judge in New York. The .01% own the EPA. Ya didn't know? Go ask an owl. Brother, I might not have explained it well enough above. Suppose you have money in your pocket and your stocking up on bottled water. Would buy a bottle of water for a dollar tomorrow if you could buy the same bottle today for 10 cents?. You offer a dollar a bottle when the well dries up or you control the well. Does that illustration help you see it?
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Post by updated on Aug 24, 2013 19:44:19 GMT -5
Kevin, I see what you mean, but I don't see what is taking KKR so long to announce that buyout. I mean if they are waiting for next week, there should be a reason, right?! what is it?
[/quote]Brother,
I might not have explained it well enough above.
Suppose you have money in your pocket and your stocking up on bottled water.
Would buy a bottle of water for a dollar tomorrow if you could buy the same bottle today for 10 cents?.
You offer a dollar a bottle when the well dries up or you control the well.
Does that illustration help you see it? [/quote]
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Post by We Got Hosed!!! on Aug 24, 2013 20:05:11 GMT -5
because if they announce it on Monday... you still have your shares and u will make a killing.. however, if they postpone until the last minute, you probably don't have the balls to hold on to you shares.. Little BUDDY, you have to understand.. You have to be willing to loose it all to WIN IT ALL... NO BALLs or SHAREs no GLORY.. Do you need more clarity?
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Post by updated on Aug 24, 2013 20:09:37 GMT -5
Easy on me man... because if they announce it on Monday... you still have your shares and u will make a killing.. however, if they postpone until the last minute, you probably don't have the balls to hold on to you shares.. Little BUDDY, you have to understand.. You have to be willing to loose it all to WIN IT ALL... NO BALLs or SHAREs no GLORY.. Do you need more clarity?
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