I read an article about the demise of Kodak
last October.
That article seems to be a bit more of a stock-market thingy, they could just as easily consolidate the shares 10:1 or 100:1, then each share would be worth $6.50 or $65 (I've never heard of that $1 rule in Australia, i've bought and sold shares here from 1.000 to 1.010 cents and made a profit).
It would be really crap to lose such an iconic company though, especially since all the photolabs around my city use the same Fujifilm printers/paper, and the colours don't look any good, I go well out of my way to use the only Kodak Express because the colours actually match my monitor...