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Post by busted1964 on Aug 29, 2013 17:17:54 GMT -5
biz.yahoo.com/e/130829/ekdkq8-k.htmlConfirmation of Plan of Reorganization On August 23, 2013, the Bankruptcy Court entered an order [Docket No. 4966] (the "Confirmation Order"), attached hereto as Exhibit 2.1, confirming the revised First Amended Joint Chapter 11 Plan of Reorganization of Eastman Kodak Company and its Debtor Affiliates [Exhibit A to Docket No. 4966] (the "Plan"). The Plan incorporates by reference certain documents filed with the Bankruptcy Court as part of the "Plan Supplement". The Plan and all documents included in the Plan Supplement are available free of charge at www.kccllc.net/kodak. A copy of the Plan is attached hereto as Exhibit 2.2. On August 20, 2013, the Company issued a press release, a copy of which is attached hereto as Exhibit 99.1 and incorporated herein by reference. The Plan is not yet effective. Consummation of the Plan is subject to the satisfaction of certain conditions. The date on which all conditions to the effectiveness of the Plan have been satisfied or waived will be the "Effective Date" of the Plan. The following is a summary of certain provisions of the Plan, as confirmed by the Bankruptcy Court pursuant to the Confirmation Order, and is not intended to be a complete description of the Plan. The following summary is qualified in its entirety by reference to the full text of the Plan (including the Plan Supplement). Capitalized terms used but not defined in this report on Form 8-K shall have the meanings given to them in the Plan. The Plan contemplates that: � the Debtors' obligations under or pursuant to the Second Lien Notes Indentures, Unsecured Notes Indentures, Equity Interests, and/or any other instrument evidencing or creating any indebtedness or obligation of or ownership interest in the Debtors or giving rise to any claim or equity interest will be cancelled, except as otherwise specifically provided in the Plan; � the Company's Certificate of Incorporation will be amended and restated to authorize the issuance of 560 million shares of stock, consisting of 60 million shares of preferred stock, no par value, and 500 million shares of common stock, par value $0.01 per share; � the Company will issue 40 million shares of common stock, including shares subscribed for pursuant to the Rights Offerings, to unsecured creditors and/or the Backstop Parties, and will issue additional common stock to satisfy payment of the Backstop Fees; � the Holders of General Unsecured Claims and the Retiree Settlement Unsecured Claim will receive (a) a Pro Rata share of the six million shares of New Common Stock to be distributed from the Unsecured Creditor New Common Stock Pool, (b) a Pro Rata share of net-share settled Warrants to purchase: (i) 2,085,008 shares of New Common Stock at an exercise price of $14.93 and (ii) 2,085,008 shares of New Common Stock at an exercise price of $16.12, (c) Pro Rata distributions from the Kodak GUC Trust and (d) applicable Rights Offerings Consideration, as provided in the Plan; � the Holders of Second Lien Notes Claims will receive payment in cash equal to the outstanding principal amount of the Second Lien Notes, accrued and unpaid interest as of the Effective Date, and a Pro Rata share of the $20 million Second Lien Settlement Amount; � claims held by KPP will be resolved pursuant to the terms of the KPP Global Settlement, as disclosed in the Company's report on Form 8-K filed on April 29, 2013; and � no Holder of an Equity Interest shall receive any Distribution on account of its Equity Interest. On and after the Effective Date, all Equity Interests in Kodak shall be cancelled and shall be of no further force and effect, whether surrendered for cancellation or otherwise.[/font][/b] The Stock that is now trading will be worthless. Wake up people
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Post by kevinblandford on Aug 29, 2013 17:26:06 GMT -5
biz.yahoo.com/e/130829/ekdkq8-k.htmlConfirmation of Plan of Reorganization On August 23, 2013, the Bankruptcy Court entered an order [Docket No. 4966] (the "Confirmation Order"), attached hereto as Exhibit 2.1, confirming the revised First Amended Joint Chapter 11 Plan of Reorganization of Eastman Kodak Company and its Debtor Affiliates [Exhibit A to Docket No. 4966] (the "Plan"). The Plan incorporates by reference certain documents filed with the Bankruptcy Court as part of the "Plan Supplement". The Plan and all documents included in the Plan Supplement are available free of charge at www.kccllc.net/kodak. A copy of the Plan is attached hereto as Exhibit 2.2. On August 20, 2013, the Company issued a press release, a copy of which is attached hereto as Exhibit 99.1 and incorporated herein by reference. The Plan is not yet effective. Consummation of the Plan is subject to the satisfaction of certain conditions. The date on which all conditions to the effectiveness of the Plan have been satisfied or waived will be the "Effective Date" of the Plan. The following is a summary of certain provisions of the Plan, as confirmed by the Bankruptcy Court pursuant to the Confirmation Order, and is not intended to be a complete description of the Plan. The following summary is qualified in its entirety by reference to the full text of the Plan (including the Plan Supplement). Capitalized terms used but not defined in this report on Form 8-K shall have the meanings given to them in the Plan. The Plan contemplates that: � the Debtors' obligations under or pursuant to the Second Lien Notes Indentures, Unsecured Notes Indentures, Equity Interests, and/or any other instrument evidencing or creating any indebtedness or obligation of or ownership interest in the Debtors or giving rise to any claim or equity interest will be cancelled, except as otherwise specifically provided in the Plan; � the Company's Certificate of Incorporation will be amended and restated to authorize the issuance of 560 million shares of stock, consisting of 60 million shares of preferred stock, no par value, and 500 million shares of common stock, par value $0.01 per share; � the Company will issue 40 million shares of common stock, including shares subscribed for pursuant to the Rights Offerings, to unsecured creditors and/or the Backstop Parties, and will issue additional common stock to satisfy payment of the Backstop Fees; � the Holders of General Unsecured Claims and the Retiree Settlement Unsecured Claim will receive (a) a Pro Rata share of the six million shares of New Common Stock to be distributed from the Unsecured Creditor New Common Stock Pool, (b) a Pro Rata share of net-share settled Warrants to purchase: (i) 2,085,008 shares of New Common Stock at an exercise price of $14.93 and (ii) 2,085,008 shares of New Common Stock at an exercise price of $16.12, (c) Pro Rata distributions from the Kodak GUC Trust and (d) applicable Rights Offerings Consideration, as provided in the Plan; � the Holders of Second Lien Notes Claims will receive payment in cash equal to the outstanding principal amount of the Second Lien Notes, accrued and unpaid interest as of the Effective Date, and a Pro Rata share of the $20 million Second Lien Settlement Amount; � claims held by KPP will be resolved pursuant to the terms of the KPP Global Settlement, as disclosed in the Company's report on Form 8-K filed on April 29, 2013; and � no Holder of an Equity Interest shall receive any Distribution on account of its Equity Interest. On and after the Effective Date, all Equity Interests in Kodak shall be cancelled and shall be of no further force and effect, whether surrendered for cancellation or otherwise. [/font][/b] The Stock that is now trading will be worthless. Wake up people [/quote] as a naysayer, you will wake up to an unforeseen event as the one described at the bottom of the page that you neglected to share circumstances that arise after the date of this Form 8-K made or to reflect the occurrence of unanticipated events.
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Post by rc1974 on Aug 29, 2013 17:29:11 GMT -5
biz.yahoo.com/e/130829/ekdkq8-k.htmlConfirmation of Plan of Reorganization On August 23, 2013, the Bankruptcy Court entered an order [Docket No. 4966] (the "Confirmation Order"), attached hereto as Exhibit 2.1, confirming the revised First Amended Joint Chapter 11 Plan of Reorganization of Eastman Kodak Company and its Debtor Affiliates [Exhibit A to Docket No. 4966] (the "Plan"). The Plan incorporates by reference certain documents filed with the Bankruptcy Court as part of the "Plan Supplement". The Plan and all documents included in the Plan Supplement are available free of charge at www.kccllc.net/kodak. A copy of the Plan is attached hereto as Exhibit 2.2. On August 20, 2013, the Company issued a press release, a copy of which is attached hereto as Exhibit 99.1 and incorporated herein by reference. The Plan is not yet effective. Consummation of the Plan is subject to the satisfaction of certain conditions. The date on which all conditions to the effectiveness of the Plan have been satisfied or waived will be the "Effective Date" of the Plan. The following is a summary of certain provisions of the Plan, as confirmed by the Bankruptcy Court pursuant to the Confirmation Order, and is not intended to be a complete description of the Plan. The following summary is qualified in its entirety by reference to the full text of the Plan (including the Plan Supplement). Capitalized terms used but not defined in this report on Form 8-K shall have the meanings given to them in the Plan. The Plan contemplates that: � the Debtors' obligations under or pursuant to the Second Lien Notes Indentures, Unsecured Notes Indentures, Equity Interests, and/or any other instrument evidencing or creating any indebtedness or obligation of or ownership interest in the Debtors or giving rise to any claim or equity interest will be cancelled, except as otherwise specifically provided in the Plan; � the Company's Certificate of Incorporation will be amended and restated to authorize the issuance of 560 million shares of stock, consisting of 60 million shares of preferred stock, no par value, and 500 million shares of common stock, par value $0.01 per share; � the Company will issue 40 million shares of common stock, including shares subscribed for pursuant to the Rights Offerings, to unsecured creditors and/or the Backstop Parties, and will issue additional common stock to satisfy payment of the Backstop Fees; � the Holders of General Unsecured Claims and the Retiree Settlement Unsecured Claim will receive (a) a Pro Rata share of the six million shares of New Common Stock to be distributed from the Unsecured Creditor New Common Stock Pool, (b) a Pro Rata share of net-share settled Warrants to purchase: (i) 2,085,008 shares of New Common Stock at an exercise price of $14.93 and (ii) 2,085,008 shares of New Common Stock at an exercise price of $16.12, (c) Pro Rata distributions from the Kodak GUC Trust and (d) applicable Rights Offerings Consideration, as provided in the Plan; � the Holders of Second Lien Notes Claims will receive payment in cash equal to the outstanding principal amount of the Second Lien Notes, accrued and unpaid interest as of the Effective Date, and a Pro Rata share of the $20 million Second Lien Settlement Amount; � claims held by KPP will be resolved pursuant to the terms of the KPP Global Settlement, as disclosed in the Company's report on Form 8-K filed on April 29, 2013; and � no Holder of an Equity Interest shall receive any Distribution on account of its Equity Interest. On and after the Effective Date, all Equity Interests in Kodak shall be cancelled and shall be of no further force and effect, whether surrendered for cancellation or otherwise. [/font][/b] The Stock that is now trading will be worthless. Wake up people [/quote] And You care about us so much because?
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Post by We Got Hosed!!! on Aug 29, 2013 17:29:48 GMT -5
Busted, did you sold out like SBG? anyway.. take it easy..
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Post by rc1974 on Aug 29, 2013 17:30:23 GMT -5
Really what motivates you to be so concerned about our investment. Why don't you step outside and help a homeless person instead?
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Post by kevinblandford on Aug 29, 2013 17:32:48 GMT -5
furthermore, did you read where it said "the actual result may differ from the forward looking statement" ?
probably not
since you are telling everyone to wake up
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Post by kevinblandford on Aug 29, 2013 17:36:48 GMT -5
you just posted all the stuff that was already known
but you helped confirm an "effective date" has not been set
When Kodak reminded everyone Monday that we were going to zero
I told them to remind me Wed.
They waited for Thurs. to maximize Fridays results.
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Post by justice4kodak on Aug 29, 2013 17:38:24 GMT -5
To cancel share without EC formed = lies + robberis + briberies This is all dark sky covered by the dirty crooks, judge dishonor Rubber, US -Distrustee officials, and Kodak B.O.D, but I am not scared, and still have all my shares in my porfolio. ;( Yes, I am stupid, but I am clean and believe in one day, the dark and dirty sky will be clear. Tomorrow, the bird will sing. Justice, real justice for the innocent victims of trust, justice for Kodak share holders, justice please.
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Post by kevinblandford on Aug 29, 2013 17:40:26 GMT -5
furthermore, did you read where it said "the actual result may differ from the forward looking statement" ? probably not since you are telling everyone to wake up do you know "the actual result may differ from the forward looking statement due to an unforeseen event"
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Post by We Got Hosed!!! on Aug 29, 2013 17:41:19 GMT -5
Guys,
I think "busted" is a good guy like "Marriott" just trying to save Robot from losing his fortune.
all good KB... Busted is not like Foxie and Goldie
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Post by cswift71 on Aug 29, 2013 17:46:02 GMT -5
The thing is we all know the risk is high...but so could be the reward. Just not sure why people keep telling us what we already know.
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Post by kevinblandford on Aug 29, 2013 17:49:12 GMT -5
i was not attacking
i was pointing out he was being one sided in his thought
it clearly states the 8k contemplates
meaning it is a possibility
it also clearly states something else could happen
I do trust he is a good man
I just thought he might contemplate for himself that something else could happen
I can easily stay quiet
I've done so before
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Post by kevinblandford on Aug 29, 2013 17:55:31 GMT -5
To cancel share without EC formed = lies + robberis + briberies This is all dark sky covered by the dirty crooks, judge dishonor Rubber, US -Distrustee officials, and Kodak B.O.D, but I am not scared, and still have all my shares in my porfolio. ;( Yes, I am stupid, but I am clean and believe in one day, the dark and dirty sky will be clear. Tomorrow, the bird will sing. Justice, real justice for the innocent victims of trust, justice for Kodak share holders, justice please. I'm sorry I do not see the lies. Low evals are the standard in bankruptcies. There is more debt than equity when looked @ with that lens and still provides for the debt to equity needed for a LBO
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Post by We Got Hosed!!! on Aug 29, 2013 17:55:41 GMT -5
F*** it man...
it's a little too dang late to worry...6c..
where's the assistance when this of .46cent? I would have really appreciated
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Post by updated on Aug 29, 2013 19:38:28 GMT -5
You have couple dude that I call them (sleepers) what they do is they penetrate the opposing party (enemy) just to keep a close eye... so I bet you when SBG was doing all his secret work they were sending information to their bosses ... SPIESSS Anyways... now they don't care anymore, it is the end so they show their true faces ... Ugly, aren't they!?!? ugly faces Guys, I think "busted" is a good guy like "Marriott" just trying to save Robot from losing his fortune. all good KB... Busted is not like Foxie and Goldie
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Post by kevinblandford on Aug 29, 2013 19:49:17 GMT -5
Perhaps I am not explaining "how the results may differ" and "unforeseen events" fit and benefit every single player involved.
1) The 2 KKR members leave the Kodak board right before the filing. They do this to avoid a conflict of interest. Also, having done that, Kodak is unaware of their intentions. It also allows for the lower evals required in a LBO BECAUSE kkr is not part of the process. It makes room for the "unforeseen" event and how "the results may differ". Do you see that?
2)In addition to Kodak, S&C, US Trustee and the judge, do not know of KKR's intentions or see the "unforeseen". So no one lied or covered anything up.
3)It also allows for the theory I've laid out, where the stock could be purchased cheaply because KKR desires to go PRIVATE for the reasons I've described before.
4)It protects from a future lawsuit because everyone told the truth. Having more debt than equity is common in LBO.
Any naysayer wanna say those pieces don't fit?
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Post by updated on Aug 29, 2013 19:58:32 GMT -5
Easy puzzle, no need for gifted minds to see that:) ... so since all here are gifted:) it is easy to see Perhaps I am not explaining "how the results may differ" and "unforeseen events" fit and benefit every single player involved. 1) The 2 KKR members leave the Kodak board right before the filing. They do this to avoid a conflict of interest. Also, having done that, Kodak is unaware of their intentions. It also allows for the lower evals required BECAUSE kkr is not part of the process. It makes room for the "unforeseen" event and how "the results may differ". Do you see that? 2)In addition to Kodak, S&C, US Trustee and the judge, do not know of KKR's intentions or see the "unforeseen". So no one lied or covered anything up. 3)It also allows for the theory I've laid out, where the stock could be purchased cheaply because the desire is to go PRIVATE. 4)It protects from a future lawsuit because everyone told the truth. Having more debt than equity is common in LBO. Any naysayer wanna say those pieces don't fit?
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Post by kevinblandford on Aug 29, 2013 20:28:36 GMT -5
you just posted all the stuff that was already known but you helped confirm an "effective date" has not been set When Kodak reminded everyone Monday that we were going to zero I told them to remind me Wed. They waited for Thurs. to maximize Fridays results. NOW they have maximized the selling tomorrow FOR SURE. as Douche would say: "This is your last warning".
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Post by cswift71 on Aug 29, 2013 21:12:35 GMT -5
you just posted all the stuff that was already known but you helped confirm an "effective date" has not been set When Kodak reminded everyone Monday that we were going to zero I told them to remind me Wed. They waited for Thurs. to maximize Fridays results. NOW they have maximized the selling tomorrow FOR SURE. as Douche would say: "This is your last warning". Agreed and all makes sense. The timing of everything is amazing. Will it happen? We will find out. Think you get your 200m volume tomorrow?
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Post by kevinblandford on Aug 29, 2013 21:37:13 GMT -5
nope
I assumed most people woulda hit that door anyway
but yes, the trading will be higher now because of this info
in theory we shouldn't see a single sale
no reason to cover, no reason to buy
but i imagine we will see a good deal of movement
because someone will be buying
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Post by updated on Aug 29, 2013 21:51:58 GMT -5
Lats sea waT 2 mo ro breing.... nope I assumed most people woulda hit that door anyway but yes, the trading will be higher now because of this info in theory we shouldn't see a single sale no reason to cover, no reason to buy but i imagine we will see a good deal of movement because someone will be buying
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Post by angelsrwatchn on Aug 29, 2013 22:16:45 GMT -5
What about Frankfurt?? They open at 2300 my time.....do you think that will be a telltale sign?
Also let me remind you all that KKR does their thing at the last minute...that has been documented elsewhere on this board.
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Post by kevinblandford on Aug 30, 2013 0:18:30 GMT -5
Perhaps I am not explaining "how the results may differ" and "unforeseen events" fit and benefit every single player involved. 1) The 2 KKR members leave the Kodak board right before the filing. They do this to avoid a conflict of interest. Also, having done that, Kodak is unaware of their intentions. It also allows for the lower evals required in a LBO BECAUSE kkr is not part of the process. It makes room for the "unforeseen" event and how "the results may differ". Do you see that? 2)In addition to Kodak, S&C, US Trustee and the judge, do not know of KKR's intentions or see the "unforeseen". So no one lied or covered anything up. 3)It also allows for the theory I've laid out, where the stock could be purchased cheaply because KKR desires to go PRIVATE for the reasons I've described before. 4)It protects from a future lawsuit because everyone told the truth. Having more debt than equity is common in LBO. Any naysayer wanna say those pieces don't fit? 5) Mr. P FINALLY kills the shorts
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