Post by angelsrwatchn on Jan 2, 2015 21:09:55 GMT -5
Yes folks….Kodak….who was so bankrupt that they still had their BIG NYC TIMES Square Jumbotron going whilst they pleaded they couldn't even give their shareholders 25cents per share….and VOILA….they have come out of bankruptcy……and are launching a Smartphone……….oh it's good to know that lying is still alive and doing well in USA. I knew we went our sons and daughters to war for something. The freedom to screw your shareholders!!! AMazing what a company can do when they own thousand of acres of land internationally that is all valued at ZERO!!!!!!
Post by velvetjoneslives on Jan 7, 2015 6:59:47 GMT -5
Again, you still don't understand the concept of Chapter 11 bankruptcy. The whole point of the bankruptcy is and was to allow the company to survive. That is why Chapter 11 exists. If they were simply going to go out of business then they would have filed Chapter 7. Still, I'm not sure what you are complaining about. This is a HORRIBLE move by Kodak. Five years too late and indicative of the reasons why they went bankrupt in the first place. The smart phone market is saturated and margins are only getting thinner.