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Post by updated on Aug 24, 2013 20:12:34 GMT -5
Kevin, what would KKR do with the KPP deal that is about to close? ... do they want this deal to pass or they will buy the business and assume the liabilities?
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Post by kadokowl on Aug 24, 2013 23:22:51 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. Its Hoo, cough* i mean its true
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Post by We Got Hosed!!! on Aug 24, 2013 23:42:00 GMT -5
how quickly they will announce the buyout depends on how many shares they accumulated does far
as Kevin allude to that since 8/20 low blow by the judge... we got about 200MM traded..
we are getting close to the finale.. just need one of big day volume and show time...
Rub along got 2.1MM put away.. and SBG another 1MM and Robot got another 1.2MM..
We probably got 5MM left in house..
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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 25, 2013 0:32:45 GMT -5
Kevin how many hedge funds were actually holding a lot of shares of Kodak? Not many if I recall...in fact very few. So to be trading as many shares back and forth just to increase the price is a bit far fetched...this theory does have some legs and the NOLs are definitely a good reason why. The two board members from KKR who left set the stage. This company will be okay and would be better off bought before emergence than after. You don't walk away from a deal like this. 272M shares outstanding is not a lot of shares...how do you accumulate as many for less....you scare them by telling the public you will be cancelled under the 'proposed' plan. Anything is possible! This is a jewel of a deal....that has been long awaited...Kravis is not getting any younger...its one for the books!
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Post by updated on Aug 25, 2013 0:37:46 GMT -5
not bad sirbika... you seem to be getting it Kevin how many hedge funds were actually holding a lot of shares of Kodak? Not many if I recall...in fact very few. So to be trading as many shares back and forth just to increase the price is a bit far fetched...this theory does have some legs and the NOLs are definitely a good reason why. The two board members from KKR who left set the stage. This company will be okay and would be better off bought before emergence than after. You don't walk away from a deal like this. 272M shares outstanding is not a lot of shares...how do you accumulate as many for less....you scare them by telling the public you will be cancelled under the 'proposed' plan. Anything is possible! This is a jewel of a deal....that has been long awaited...Kravis is not getting any younger...its one for the books!
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fufat
Junior Member
Posts: 194
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Post by fufat on Aug 25, 2013 6:31:18 GMT -5
If there is a pre-emergence buyout in the works... the new owner also could utilize the 5.7 BIL in treasury stock that is sitting on the balance sheet under shareholder equity. That has to be worth something!! Since the treasury stock was bought at different times the average I read was around $40 a share at about 119MIL shares. If someone were to buyout this company before emergence and through time the stock would rise say back to the day of $40/share or more, the company could issue those shares back into circulation. It would lower the PPS at that moment but bring more value to the company in the future. This of course is just my view, but would the treasury stock be something a company consider when thinking of a buyout? 5.7BIL is a lot of money just sitting on the books. Any Thoughts? www.macabacus.com/valuation/lbo/leveraged-recap
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Post by rc1974 on Aug 25, 2013 7:09:22 GMT -5
MY only question, is related to the poison pill. Maybe, I don't get it, but it would it not block anyone from accumulating more than 5% of the shares. I still believe in a buyout, but just trying to understand how anyone can accumulate so much without being noticed. Unless they are purposely not being noticed, or I am missing something.
RC
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Post by littlefred747 on Aug 25, 2013 8:27:10 GMT -5
MY only question, is related to the poison pill. Maybe, I don't get it, but it would it not block anyone from accumulating more than 5% of the shares. I still believe in a buyout, but just trying to understand how anyone can accumulate so much without being noticed. Unless they are purposely not being noticed, or I am missing something. RC While I do think there is a chance for KKR to propose an alternative POR or Bid for the company, I don't think they will do it by scooping up .10 shares. However, the poison pill they helped cook-up, leaves the discretion of "ingestion" up to the BOD. So it is possible for them to accumulate w/o consequence.
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Post by We Got Hosed!!! on Aug 25, 2013 8:38:03 GMT -5
MY only question, is related to the poison pill. Maybe, I don't get it, but it would it not block anyone from accumulating more than 5% of the shares. I still believe in a buyout, but just trying to understand how anyone can accumulate so much without being noticed. Unless they are purposely not being noticed, or I am missing something. RC While I do think there is a chance for KKR to propose an alternative POR or Bid for the company, I don't think they will do it by scooping up .10 shares. However, the poison pill they helped cook-up, leaves the discretion of "ingestion" up to the BOD. So it is possible for them to accumulate w/o consequence. I do believe any entities holding shares greater the 5% needs to report their holding to SEC. I think the require reporting period are 2 weeks. (not 100% sure) 2 weeks can do a lot of accumulation if you have some events triggers massive exit.. 200MM traded in the last 4 sessions so, accumulation of shares under 10c is not out of the question.
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Post by littlefred747 on Aug 25, 2013 8:44:27 GMT -5
While I do think there is a chance for KKR to propose an alternative POR or Bid for the company, I don't think they will do it by scooping up .10 shares. However, the poison pill they helped cook-up, leaves the discretion of "ingestion" up to the BOD. So it is possible for them to accumulate w/o consequence. I do believe any entities holding shares greater the 5% needs to report their holding to SEC. I think the require reporting period are 2 weeks. (not 100% sure) 2 weeks can do a lot of accumulation if you have some events triggers massive exit.. 200MM traded in the last 4 sessions so, accumulation of shares under 10c is not out of the question. Agreed, I just don't think its KKR doing the buying.
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Post by kevinblandford on Aug 25, 2013 9:15:24 GMT -5
LF you old timer you
May I ask you who you think is buying?
AS shares were approved to go to zero and the gavel dropped on Tues afternoon the shares were .075
21 trading hours later the shares sit at .0875
with 200 million traded
I am not aware of any plausible explanation for this other than the one I provided
I would be interested in your theory and your insights into where the hole in my boat is.
Feedback is appreciated.
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Post by We Got Hosed!!! on Aug 25, 2013 9:23:01 GMT -5
LF, 2 weeks to report your holding is an eternity at the moment. if emergence date is 9/3
as Kevin allude to.. KKR in the best position to benefit from the NOLs
(not sure if EBP was sold, u figured sell it for $250K + 650MM from 2 divisions) that's 900MM & the other credit lines most of the 1.1B cash supposedly outside of US and can't access at the moment) LBO theory from KB!
However, if you are an outside entity and really want to buy EK now and burn the NOLs mindset (change of ownership)
make an offer $3 (accumulate 70% of outstanding shares)
still can't believe others big names got pile of cash sitting in the bank and not looking at EK
MSFT (CEO will retired) billions in the bank and struggling to grow
APPLE (iPhone ousted by Samsung) billions in the bank (could buy EK with 1 quarter of earnings)
Samsung (flying high) billions in the bank (could buy EK with 1 quarter of earnings) no joke just 3 months.
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Post by littlefred747 on Aug 25, 2013 9:40:09 GMT -5
LF you old timer you May I ask you who you think is buying? AS shares were approved to go to zero and the gavel dropped on Tues afternoon the shares were .075 21 trading hours later the shares sit at .0875 with 200 million traded I am not aware of any plausible explanation for this other than the one I provided I would be interested in your theory and your insights into where the hole in my boat is. Feedback is appreciated. Market Makers...swapping shares around...setting up for one last glorious run. I'm hoping for 150million volume and a peak of about .20 cents....maybe .25-30.... Market Makers are going to have one more throw with this crack whore position before they throw it down like spent profilactic. Of course your theory has some merit (KKR) LBO.....I just don't think they will do it by picking up Nazi Gold.
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Post by angelsrwatchn on Aug 25, 2013 9:43:00 GMT -5
Who is going against KKR? Look at the Brothers offer. Can't independent people who are related to the family buy??? Rather than an institution?? If I was 100% certain it was a go...I have 7 siblings with 29 nieces and nephews and 35 great nieces and nephews ........so if I gave each of them $10,000 to buy Kodak at even .10 a share.....that is 7 M shares right there!!!! And that would all be "in the family." Then all my close friends, not so close friends, people that work for me, WOOPS>>>>>>another 7M shares......and that is only one person.
YOu know Kodak has been for sale for a long time. There isn't a FOR SALE sign hanging outside the door but when a company lays people off and goes bankrupt......yeah...it is for sale.
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Post by littlefred747 on Aug 25, 2013 9:46:00 GMT -5
LF, 2 weeks to report your holding is an eternity at the moment. if emergence date is 9/3 as Kevin allude to.. KKR in the best position to benefit from the NOLs (not sure if EBP was sold, u figured sell it for $250K + 650MM from 2 divisions) that's 900MM & the other credit lines most of the 1.1B cash supposedly outside of US and can't access at the moment) LBO theory from KB! However, if you are an outside entity and really want to buy EK now and burn the NOLs mindset (change of ownership) make an offer $3 (accumulate 70% of outstanding shares) still can't believe others big names got pile of cash sitting in the bank and not looking at EK MSFT (CEO will retired) billions in the bank and struggling to grow APPLE (iPhone ousted by Samsung) billions in the bank (could buy EK with 1 quarter of earnings) Samsung (flying high) billions in the bank (could buy EK with 1 quarter of earnings) no joke just 3 months. The POR the Judge approved killed the stock...PERIOD. A company could buy 100% of the shares and have NOTHING. Unless, this company has another inside track plan with creditors...it's over. That is why I think this trading is just "trading". KKR has history with the BOD and the crooked Perez, most of which are mysteriously still in place...this adds some credence to the insider "plan"...
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Post by We Got Hosed!!! on Aug 25, 2013 9:53:41 GMT -5
LF, if there's a run UP... it would be from starts Monday or Tuesday and end on Wednesday..
Thursday & Friday could be slow...
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Post by rc1974 on Aug 25, 2013 9:54:03 GMT -5
Friends,
Thanks for explaining about the two week period to report. Coincidentally, it is exactly the amount of time between POR approval and expected emergence date, so that is truly an interesting thing to consider.
Regards
RC
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Post by rc1974 on Aug 25, 2013 9:56:36 GMT -5
Agreed about holding 100% of shares and meaning nothing, unless an inside deal. That would be the case. Like Kevin said, buy a portion on the cheap, then buy the rest of the shares at a good price announced as a buyout, with contingencies for creditors. That would be normal protocol.
RC
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Post by littlefred747 on Aug 25, 2013 10:00:36 GMT -5
LF, if there's a run UP... it would be from starts Monday or Tuesday and end on Wednesday.. Thursday & Friday could be slow... If we get a run Monday with Volume, I'm going to add 300K more shares!
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Post by julgob on Aug 25, 2013 11:43:08 GMT -5
Hey RC ,
What do you mean the 2 weeks are coincidentally exactly the time. .. can you elaborate on this thx.
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Post by rc1974 on Aug 25, 2013 12:13:29 GMT -5
On Tuesday august 20th, POR is approved, and 2 weeks later, September 3rd, kodak wants to exit bankruptcy.
Just in time for anyone accumulating more than 5% to have to disclose.
Maybe, it means nothing.
RC
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fufat
Junior Member
Posts: 194
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Post by fufat on Aug 25, 2013 12:25:16 GMT -5
Hey does anybody have any saved or remember any past Monthly Fee Statements documents that pertain to KKR. I remember the attorneys for Kodak disclosed information in a few documents about what they were going to do with KKR. I remember them actually stating "addressing KKR" but didn't really take too much notice. I just can't remember which documents disclosed this. There might be some info we might of missed that could shed some light and help us longs understand the end better.
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Post by angelsrwatchn on Aug 25, 2013 12:39:30 GMT -5
So whomever is buying maybe has to hit a certain number of shares before announcing the buyout....so it is a numbers game not a "date"...although they have a certain date they have to do something by........as well as the party on Sept 22......
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