" Although other factors may affect the market price of a security, the increase in the trading price of the second lien notes is one indication to me that the Proposed Financing and the stability it creates can be expected to benefit the second lien noteholders as well as the Debtors’ other STAKEHOLDRS."
"Shareholders hold shares in the company – that is they own part of it.
Stakeholders have an interest in the company but do not own it (unless they are shareholders).
Often the aims and objectives of the stakeholders are not the same as shareholders and they come into conflict." Google- shareholders vs stakeholders.
I don't see you mentioned ANYwhere.
You realize that reorganized Kodak can successfully emerge from Chap 11 without dragging the current shareholders with them?
"... Debtors of receiving new money investments by sophisticated investors ..."
your excerpt is talking about "NEW" money ... hmmm ...
It just might be Lazard does not refer to the not-really-sophisticated investors in common shares ... btw, Lazard starts smelling a bit like the "experts" of the 360 Parterns with their $2.6 Billion patent valuation proposition.