Eastman Kodak denied reports when died.
In Wednesday, media shop like CNN and CNBC Detailed to the company’s financial challenges, including a statement made for the income report that reminds the investors do not have “fingers doing” to meet the debt obligation within 12 months.
However, the Kodak is rapidly published a press broadcast To fight the claims, it cannot “no plans to stop operation” or files for bankruptives protection. However, this claim the “repayment plan, or refund the” debt before the date and expect the balance sheet at the beginning of the next year.
The company also provides an explanation of financial, which cannot use $ 300 million cash received in the 2025 of retirement plans to complete a large part of the $ 477 million debt. It will then tackle $ 177 million debt problems and $ 100 million.
Although clarifying the new issue, the 133-year-old company is struggled with finance with finance technology as digital eclipsed sales. Kodak before being filed for bankruptcy in 2012. In the last years, some Gen Z user hug Old technologylike Compact camera and The phone is not silentAs a way to touch the nostalgia over a period of time that never experienced.