No where in any of the PR's about the deal between UNXL and Kodak is it noted that Kodak is currently in bankruptcy court.
Here is a notation that all investors should be aware about so they understand all risks involved...
"On January 19, 2012, Eastman Kodak Company and its U.S. subsidiaries filed voluntary petitions for Chapter 11 business reorganization in the U.S. Bankruptcy Court for the Southern District of New York."
why are we debating this...let your money do the talking..short the stock or go long..it's simple...those of you who believe all this is a hoax short and go on a vacation come back in a year and collect your earnings...
that is a valid point however I would remind you that any company attempting to emerging from bankruptcy protection will not normally remind folks IN A PR, that they have these issues....when miss America comes out, during the swimsuit competition, you wont hear the announcement "here is miss Arkansas, 36-24-36, blond hair, blue eyes, valedictorian of her class, volunteers in soup kitchens, and she has a big mole on her #$%$
either you don't really get it or you are a dump poster - it's chapter 7 bankruptcy that is the death rattle - 11 & 13 allow reorganization by stopping the cash drain until a business plan the court approves allows companies to go forward... I don't want to think you live under a rock but IMG, GM and American Airlines come to mind
jbrent and hubby, I am only pointing out that the fact that Kodak is undergoing restructuring, CH11, and it was not disclosed in any of the PR's. This is material financial information that should be disclosed for investors to know the full risks involved. This all I'm pointing out, that's all.
ydobrovic, that's a very good point and maybe that would be a plus for Kodak in their restructuring, but, why is it that this very material financial information not included in any of the information?