Hi Zuiks:
I was watching CNBC this morning. Rumor is that Polaroid Corp. (PRD)
will file for bankruptcy protection this morning. Commentator was
uncertain if the filing would be under Chapter 11 (reorganization) or
Chapter 7 (liquidation).
The stock is currently at $.31/share USD. The Company has a current
market cap of only $14.8 million. The unfunded pension plan liability
alone is estimated to be $100 million.
Marginal OM content: get your $200 rebate coupon for the scanner in the
mail ASAP! Your status as an unsecured creditor puts you near the
bottom of the food chain.
Bill Stanke
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