Bullboard - Stock Discussion Forum Eastman Kodak Co KODK

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Eastman Kodak Company is a manufacturer focused on commercial print and advanced materials and chemicals. It operates through three segments: Print, Advanced Materials and Chemicals, and Brand. The Print segment is comprised of five lines of business: the Prepress Solutions business, the PROSPER business, the Software business, the Electrophotographic Printing Solutions business and the... see more

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Eastman Kodak Co > you sure you want to buy this high?

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Post by richardtrader on Aug 03, 2020 3:27pm

you sure you want to buy this high?

Kodak said the holders of the 5.00% convertible notes due 2021, which were issued in May 2019, are converted a total of $95 million of the notes into 29.9 million shares of Kodak common stock, on July 29. That would imply a value of $3.175 per converted share, while the stock was currently trading at $16.58. On July 27, Kodak granted Chief Executive James Continenza options to buy Kodak stock at various strike prices, which are now all in the money, to "protect" him from dilution of his share holdings, in case the convertible debt issued in May 2019 were converted into stock.

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