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Kodak says that there is ‘enough doubt’ it can live in business

Kodak says that there is ‘enough doubt’ it can live in business


Kodak on Monday announced in a Securities and Exchange Commission (SEC) filing that there was “adequate doubt” about the company. Ability to stay in business.

The company plans to pay some of its loans and using money is expected to return from its pension scheme using favorite stock. The company is hoping to change the terms, push out the fixed dates or refinance its remaining debt and favorite stock obligations, which are paid to holders of special shares commonly received. Payed before regular shareholders.

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Nevertheless, since these plans depend on things outside the control of Kodak, they are not considered reliable under American accounting rules. Because of this, there is a serious concern about whether the company can live in business, as it has released financial results of its second quarter to this date, according to the filing.

Kodak has planned to pay some of its loans and stock using money is expected to return from its pension scheme using favorite stock. (Paul Morris / Bloomberg Getty Image / Getty Image)

Kodak pledged the film photography and dominated the market for the 20th century. It became a domestic name, known for products such as disposable cameras, and at its peak, more than 80% of the American film market is controlled.

Kodak invented the first digital camera in 1975, but failed to embrace the technology, fearing that it would cannibal its film business.

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Kodak dominated the American film market at a time. ((Via Getty Image by Nicos Peciardis / Narfot) / Getty Images)

When Digital Photography took over, Kodak’s main occupation collapsed. While it eventually tried to jump into the digital photography game, it struggled to live with emerging contestants such as Canon, Sony and Nikon, all of which hugged it quickly.

Langer Security Last Change Change %
Codak Eastman Kodak cum. 5.43 -1.37

-20.15%

With debt, it was filed for bankruptcy in 2012.

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Kodak first invented the digital camera, but did not invest in technology, fearing that he would make his film business cannibal. (Jim Largi / Bloomberg via Getty Image) / Getty Images)

While the company emerged from security in 2013, it never achieved its major status in the market. To try to save your business, it was published from consumer photography to commercial printing and technology. It simultaneously tried to revive its brand through licensing deals and bold experiments, such as Forever cooperation with 21 On a collection of fabric, before the collapse of the series of fabrics, and to sell your products with urban outfits.



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