It will be a sad day in the world of photography if
Polaroid goes under. (no sarcasm intended)
Mark Lloyd
--- Bill Stanke <bstanke@xxxxxxxxxxxx> wrote:
> 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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