Motion by Debtors to obtain secured supplemental postpetition financing is BIG because it brings in new monies to EK. It also permits others interested parties to come in and increase the financing.
The settlement with Fujifilm is good for them and if they are one of the bidders for the CVS RSS units this will the one to watch for. But the challenger may come form the party seeking A & M advice to seek these assets.
Selling the EBP utility for $10M brings in more Cash and settles the long term needs of EBP.
Since the POR is just months away, lets see if we can convince Judge Gropper that the docs should Not be Blocked. Everything should be out in the open for all stakeholders to make their choices.
The Trustee should not be the one to make the blocking decisions but now its the stakeholders should have more say of whats to take place.
12-10202alg Eastman Kodak Company Ch. 11
Hearing RE: motion to seal.
Motion by Debtors authorizing the private sale of utility operations at Eastman Business Part to
Red-Rochester, LLC, the assumption and assignment or assignment, as applicable, of certain
contracts and entry into a utility services agreement and certain ancillary agreements.
Debtors's supplemental motion authorizing the sale of patent assets free and clear of claims and
interests, the license of patents, the assumption of patent cross license agreements with Fujifilm and
the settlement of claims related to certain patents.
Motion by Debtors authorizing the Debtors to obtain secured supplemental postpetion financing and
partially repay and amend the existing DIP facility and granting adequate protection to prepetition secured parties.
In the News, Patents sale gets Judge Approval.
vegas are you willing to hold a get together in LV, if EK comes out of BK $10? I think you will find a whole bunch of investors & employees ready to celebrate. We can have kid as the guess speaker and tell us all he knows.
Longs hang on no matter what the kid is spouting.
The Motion for postpetion financing has been adjourned til January 18, 2013. The other 2 Motions are going forward.
It seems that there is a real battle goings on with selling the patents "FREE & CLEAR" and the sale of the Utility at EBP. You have Big Names on both sides of the issue.
Hopefully, EK can come out on Friday without too many dings
Next week, on Wednesday, January 16, 2013, is the Omnibus hearings and Friday will be the Postpetion financing hearing.
Friday will draw one day closer to exiting BK. With CVS & Carrefour granting multiyear extentions for the RSS platforms, this brings new vigor in selling the RSS Units. These Units had more than $1B in sales in 2011 and will do slightly less in 2012.
Selling the patents Free & Clear is a very important step for EK. Their are too many large firms just having litigation s re the consumer DI patents. If everything goes well on Friday, EK gets to use the patents without the fight with large tech giants.
Judge sealed the docs re Court Session for Friday January 11, 2013. Why are the docs sealed, words blocked out, or simply Not Available to stakeholders? The Transcript for the Court Session held December 14, 2012 is also sealed to March 2013.
The POR is schedule to come out in the first half of 2013.
We got to bring this up with the Judge because time is becoming a crucial event to this case.
We should hear something re the sale of the CVS RSS Units because this was part of the exit refinancing package.
"PRO said its coming.
Shorts will be WIPED OUT.
He mumbled about WALL STREET NO NOTHING.
I think he is right this time.
Only proves many people's point here that Pro worship is a cult. Please take your cult worship to the other board where they can have a circle jerk. Those of us who are lucid know him to be a raving #$%$ (at best) and bordering on Madoff for the worst.
jughead, you keep moving out your "BIG" dates on the judges calender. Now you are in to 2013.
What happened to your "BIG" mid-Dec 2012 judge's dates that you were touting so much huh LOSER? Go ahead and look at your post history - they are there in black and white LOSER!
All you are is hoping for a miracle like the rest of you LOSER LONGS!
Remember where you heard it FIRST - this PPS is going to ZERO!
hey cockroch, OKKKKK!!! you were the first one who said that PPS is going to Zero... I give you that...
But do you recall who was the first person who called you "IDIOT" .... Too many of them huh ... You can't Recall, can you!?!? huhhh ... you like that huh lol!!!
Sentiment: Strong Buy
Anyone know who the counsel to the agent for the Debtors' postpetition secured debtor-in-possession financing? If EK gets a big name, thats likely to be a good start.
Looks like monies are coming in.