when will we know if us common shareholders will receive anything once kodak comes out of bankrupry ?
In the last week or few days of BK just before they exit, if they exit which I don't think will happen, i think they will be force into chap 7, but if they are successful in Chap 11 the final days or week is spend signing new agreements which everybody must agree to. That is the time the status of the stock is agreed to by the court and a court order is issued on the old stock. It's one of the last things the BK court does when all the numbers are in and agreements signed. Really no need to do it before the end since the stock 99% means nothing, its cancelled.