That kind of statement is made to warn the investors and potential investors about the contents of the financial statement to which it is attached. The statement will include amounts representing the 'value' of the firm's assets according to the accounting rules for valuing assets. Current earnings being the most important number that investors and potential investors look for in the financial statements, the 'rules' for reporting those asset 'values' are designed to get the current earnings to come out 'right' for firms that are operating more or less normally. In other words, the asset 'values' and the 'earnings' numbers are hypothetical, being based on the hypotheses that either the assets will be of use to the company or that the company will keep operating long enough to write off the mis-valued assets over many years without that amortization of the value ever having a catastrophic impact on earnings. Bottom line on that disclosure is that Kodak's accountants or auditors made them say it and that's because accounting standards make them make them say it, and that's all that it means.

When I look at the company's follow up assertion characterizing the required disclosure as not direful, the first thing I notice is what is not there: they do not deny that the firm is likely to be acquired.