Kodak 10K States That Unsecured ARE SCREWED-The Nature And Amount Of Distributions To Prepetition Creditors Highly Speculative!!!
Right there on Page 11!!!
Looks like the Unsecured are getting a shave AND a HAIRCUT!!!
All over but the crying for the Bond Holders!!
"All prepetition claims against the Debtors will likely be subject to compromise in our plan of reorganization and the nature and amount of distributions to prepetition creditors is highly speculative at this time. "
I know the fat lady hasn't sung yet, BUT I heard she is in the back warming up and eating a few pizzas!