Posted on 08/13/2025 12:55:52 AM PDT by Olog-hai
Kodak announced in a Securities and Exchange Commission (SEC) filing on Monday that there was “substantial doubt” about the company’s ability to stay in business.
The company plans to pay off some of its debt and preferred stock using money it expects to get back from its pension plan. The company is hoping to change the terms, push out due dates or refinance its remaining debt and preferred stock obligations, which are payments promised to holders of special shares that usually get paid before regular shareholders.
Still, since these plans depend on things outside Kodak’s control, they aren’t considered reliable under U.S. accounting rules. Because of this, there’s serious concern about whether the company can stay in business, as of the date it released its second-quarter financial results, according to the filing. …
(Excerpt) Read more at foxbusiness.com ...
At that time, Eastman and Juilliard were considered the #2 and #1 music schools in the USA.
And never lost...uh huh
Was.
I dont use any cloud out of my control, have mutiple backups for photos and docs.
the dingle point of failure would be a hard drive fail.
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