Tomorrow might be a BIG day in Judge Gropper's Court room. Since the exclusive period is over and EK must get an another approval, it gives another party of interest to make a case. That party of interest must come out with a better plan than EK is putting on the table.
Then go buy some airplanes because Kodak as NOTHING ! The Airlines doesn't even have to sell their service, just take orders The Airlines use BK to break contracts so they make more profits on a service customers MUST BUY. Kodak has NOTHING customers must buy. Apples and Oranges!
The PROXY STATEMENT tells us who the BOD and who the majority shareholders are. The majority shareholders will set the direction going forward if EK exits BK.
Majority shareholders are long gone the remaining shareholders are dead men walking since their shares are worthless and will be cancelled in chapter7. The name Kodak is worthless since they no longer sell any consumer products. I haven't seen the name Kodak anywhere in the last 10 years even when their made products retailers stopped stocking them.
AMR has a service which MUST BE USED ! People must fly everyday for business finding customers never was their problem. High labor cost, gate fees, fuel contracts and airport contracts were their problem. EK sells nothing people must have and the only thing their good at is buying and selling debt!
No Company is going to buy a dying Kodak that is saddled with more than 2.5B in debt. WHY would a player pay kodak and shareholders for all its' debt? Remember they are still losing money quarter after quarter on top of existing debt... if Kodak should end up in Chapter 7 the carcass will be picked clean then if that is what you mean.