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Micro-Cap on the Move; Eastman Kodak Company (EKDKQ)

Shares of Eastman Kodak Company (PINK: EKDKQ) are gaining in trading today. At last check, EKDKQ shares were trading 3.32% higher at $0.283 on volume of 1.02 million. Despite the gains in trading today, EKDKQ shares have fallen 1.91% in the last three trading sessions.

Earlier this month, Eastman Kodak received approval from the bankruptcy court to sell its digital imaging patents. The patent sale is a crucial part of EKDKQ’s restructuring.

It may be recalled that Apple Inc. (NASDAQ: AAPL) and privately-held FlashPoint Technology Inc. had objected to the patent sale. The two companies claimed ownership in some of the patents that Kodak is looking to auction. However, the bankruptcy court determined that all patents are property of Kodak estate and may be sold free and clear of Apple and FlashPoint claims.

Kodak is expected to auction the patents early next month.

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