Ready to pass Kodak tumbled refrain from filing for bankruptcy protection – Kodak, Kodak, bankruptcy protection, shares, crash, patent, sell
January 5, according to The Wall Street Journal reported, sources said, Kodak prepared under U.S. bankruptcy law Chapter 11 (Chapter 11) filed for bankruptcy protection, the time in the coming weeks, it is ready to sell a large number of proprietary programs are likely to fall.
May file for bankruptcy this month
Kodak currently has 19,000 employees worldwide. The source said, Kodak is in consultation with potential borrowers, the debtor holds assets in adopting the form of loans to finance $ 1 billion, thus preventing enterprises to enter the bankruptcy process.
One source said that bankruptcy may be the fastest data presented in this month. Kodak spokesman said the company \"does not comment on market rumors or speculation. \"
Still work for the sale of patents
If Kodak filed for bankruptcy protection, it will be under the supervision of the bankruptcy court auction, sale 1100 patent. As a result, Kodak repayment of loans in bankruptcy protection to continue operating as usual.
Kodak is still making final efforts to sell the patent, the sale can be avoided successfully filed for bankruptcy protection. The source said, Kodak is ready to file for bankruptcy protection, will fail if the patent application for the sale.
Last November, the Kodak securities regulatory authorities had information that if the patent sale is not successful, or can not borrow more money, cash will run out. Recently, the three directors have left the board of directors.
Tuesday, Kodak has revealed that the New York Stock Exchange warned Kodak, the company stock price below $ 1 for 30 days, if the stock price can not be recovered will face delisting.
In 1997, Kodak reached a peak market value, was worth about $ 30 billion. Today, 132 this year to prepare applications for high-yield companies have a market value of only $ 145 million.
Affected by bankruptcy rumors, Kodak shares plunged 28.19% today, down $ 0.185, to close at $ 0.47 market value of only 1.2688 billion. (Text / Sohu IT)
Changes in market value since 1989, Kodak
