Quote Originally Posted by railwayman3 View Post
Sadly, that's very true....

"The cash will be used for general corporate purposes, said Gerard Meuchner, a spokesman for Eastman Kodak".....basically the sale of a capital asset to meet revenue deficits. Not a good long term answer...it's a bit like selling the family silver to pay this week's food bill.
Kodak planned to announce this news on Oct 17 but however, it was leaked to media on Oct 16, I guess it may be by IMAX.