More good news:
Judge lets Kodak sell two disputed patents; stock jumps
What is your point?
"I'm not dead yet!"
While I concede that is true, it still represents a thirty percent increase in one day.
And if you pay a penny for something and sell it for two cents you've made 100% profit but you've still only made a penny.
But it's about as much positive move as one could hope for in a single day. It's a start, and it's much better than going down.
Not sure what CGW meant either, I hope he meant it as a positive thing, but who knows.
I believe when one multiplies the existing shares (271.9m) by the close $0.51, the company (in bankruptry no less), and compare it to yesteday (271.9 mill x $0.40) increased market cap by $30 million. Not a bad sign. Sure the company is a low stock, but those two patents are in theory worth $30 million (to traders)....maybe the patent sale will be good, there are 1,100 patents....