Kodak Could go Bankrupt
Posted On 04 Jan 2012
The firm Eastman Kodak, the world icon of photography could appeal to bankrupt if their efforts to sell some of its patents do not come to fruition.
According to The Wall Street Journal, the company is trying to get a loan of one million dollars. Shares of the company products and photographic services may delist within six months in the New York Stock Exchange if its securities are under a dollar.
The company informed that it has received a notification from the New York Stock Exchange (NYSE) informed that they do not fulfill the requisites for the minimal price. (AV)