Current Events > Kodak shares plunge after U.S. blocks $765 million loan deal

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UnholyMudcrab 08/10/20 12:22:31 PM #1:	https://www.reuters.com/article/us-eastman-kodak-stocks/kodak-shares-plunge-after-u-s-blocks-765-million-loan-deal-idUSKCN2561JE?il=0 (Reuters) - Shares of Eastman Kodak Co (KODK.N) fell about 40% on Monday and were on track for their worst single-day decline after the U.S. government blocked a $765 million loan to the company, which was going to make drug ingredients for use in possible COVID-19 vaccines, because of alleged wrongdoing by executives. The U.S. International Development Finance Corp (DFC) was slated to grant the loan to Eastman Kodak, which is looking to move deeper into the pharmaceutical arena. But alarms were raised after senior Democratic lawmakers asked federal regulators to investigate securities transactions made by the company and its executives around the time it learned it could receive the government loan. U.S. President Donald Trump said last week the government would investigate the circumstances surrounding the announcement of the loan. Recent allegations of wrongdoing raise serious concerns, U.S. International Development Finance Corp (DFC) said late on Friday in a tweet. The companys shares have soared more than five-fold, with retail traders on the popular Robinhood trading app piling into the stock since DFC announced it would sign a letter of interest to provide the loan to the company. Say it with me, everyone: pump and dump! --- https://imgur.com/VeNBg https://imgur.com/gd5jC8q https://imgur.com/PKIy7 https://imgur.com/3p29JqP <cite>UnholyMudcrab posted [p:943215399] in Kodak shar... [t:78903739]...</cite> <quote>https://www.reuters.com/article/us-eastman-kodak-stocks/kodak-shares-plunge-after-u-s-blocks-765-million-loan-deal-idUSKCN2561JE?il=0 <quote>(Reuters) - Shares of Eastman Kodak Co (KODK.N) fell about 40% on Monday and were on track for their worst single-day decline after the U.S. government blocked a $765 million loan to the company, which was going to make drug ingredients for use in possible COVID-19 vaccines, because of alleged wrongdoing by executives. The U.S. International Development Finance Corp (DFC) was slated to grant the loan to Eastman Kodak, which is looking to move deeper into the pharmaceutical arena. But alarms were raised after senior Democratic lawmakers asked federal regulators to investigate securities transactions made by the company and its executives around the time it learned it could receive the government loan. U.S. President Donald Trump said last week the government would investigate the circumstances surrounding the announcement of the loan. Recent allegations of wrongdoing raise serious concerns, U.S. International Development Finance Corp (DFC) said late on Friday in a tweet. The companys shares have soared more than five-fold, with retail traders on the popular Robinhood trading app piling into the stock since DFC announced it would sign a letter of interest to provide the loan to the company.</quote> Say it with me, everyone: pump and dump! </quote> ... Copied to Clipboard!
R1masher 08/10/20 12:24:06 PM #2:	Can I see your portfolio? --- R1R1R1R1R1R1 <cite>R1masher posted [p:943215463] in Kodak shar... [t:78903739]...</cite> <quote>Can I see your portfolio? </quote> ... Copied to Clipboard!
JadeBaby 08/10/20 12:24:33 PM #3:	I couldn't help but automatically think of the photography company when I saw the topic title. --- Would've, could've, should've. Would of, should of, and could of ARE INCORRECT!!!! <cite>JadeBaby posted [p:943215479] in Kodak shar... [t:78903739]...</cite> <quote>I couldn't help but automatically think of the photography company when I saw the topic title. </quote> ... Copied to Clipboard!
TheMikh 08/10/20 12:25:24 PM #4:	didn't eastman kodak declare bankruptcy back in '12 doesn't seem like a healthy company to begin with --- https://imgur.com/A0TAfek <cite>TheMikh posted [p:943215514] in Kodak shar... [t:78903739]...</cite> <quote>didn't eastman kodak declare bankruptcy back in '12 doesn't seem like a healthy company to begin with </quote> ... Copied to Clipboard!
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JadeBaby 08/10/20 12:26:42 PM #6:	I thought they had folded by the late 2000s. --- Would've, could've, should've. Would of, should of, and could of ARE INCORRECT!!!! <cite>JadeBaby posted [p:943215554] in Kodak shar... [t:78903739]...</cite> <quote>I thought they had folded by the late 2000s. </quote> ... Copied to Clipboard!
Doe 08/10/20 12:27:54 PM #7:	Lol the other day I saw an article naming it the best performing stock of the pandemic. Bet a lot of people got suckered to buy up --- This signature won't be changed until at least one out of Astrograph Sorcerer, Double-Iris Magician, Performapal Monkeyboard or Electrumite is unbanned. 2/15/20 <cite>Doe posted [p:943215588] in Kodak shar... [t:78903739]...</cite> <quote>Lol the other day I saw an article naming it the best performing stock of the pandemic. Bet a lot of people got suckered to buy up </quote> ... Copied to Clipboard!
Ps2Twilight 08/10/20 12:28:41 PM #8:	Sucks for the people that bought into it at 60 <_< --- http://i71.photobucket.com/albums/i157/Arcana_photos/logo.gif http://i71.photobucket.com/albums/i157/Arcana_photos/ps2twilight.png <cite>Ps2Twilight posted [p:943215613] in Kodak shar... [t:78903739]...</cite> <quote>Sucks for the people that bought into it at 60 <_< </quote> ... Copied to Clipboard!
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Poop2 08/10/20 12:56:49 PM #10:	sweet <cite>Poop2 posted [p:943216526] in Kodak shar... [t:78903739]...</cite> <quote>sweet </quote> ... Copied to Clipboard!
gamestunner 08/10/20 1:11:04 PM #11:	Kodak has no business being in business nowadays anyway. Just a relic from the past. <cite>gamestunner posted [p:943217108] in Kodak shar... [t:78903739]...</cite> <quote>Kodak has no business being in business nowadays anyway. Just a relic from the past. </quote> ... Copied to Clipboard!
ChocoboMogALT 08/10/20 1:12:05 PM #12:	Ps2Twilight posted... Sucks for the people that bought into it at 60 <_< Buy high, sell low, something something, chicken tenders. --- "We live in a country Hasire.." ~ yosouf06 REVOLVER STAKE! http://img.photobucket.com/albums/v717/ChocoboMog123/AltEisenRChocoboMog.png <cite>ChocoboMogALT posted [p:943217139] in Kodak shar... [t:78903739]...</cite> <quote>Ps2Twilight posted... </cite> <quote>Sucks for the people that bought into it at 60 <_<</quote>Buy high, sell low, something something, chicken tenders. </quote> ... Copied to Clipboard!
Shinnokxz 08/10/20 1:12:23 PM #13:	basically was insider trading the way it exploded, bet lots of people in the know sold it knowing this was going to happen <cite>Shinnokxz posted [p:943217146] in Kodak shar... [t:78903739]...</cite> <quote>basically was insider trading the way it exploded, bet lots of people in the know sold it knowing this was going to happen </quote> ... Copied to Clipboard!
REMercsChamp 08/10/20 1:16:07 PM #14:	Shinnokxz posted... basically was insider trading the way it exploded, bet lots of people in the know sold it knowing this was going to happen >Insider trading >Publicly released information --- JOBS! Come check out my community board for NEET discussions: https://gamefaqs.gamespot.com/boards/1467-neet-discussions <cite>REMercsChamp posted [p:943217301] in Kodak shar... [t:78903739]...</cite> <quote>Shinnokxz posted... </cite> <quote>basically was insider trading the way it exploded, bet lots of people in the know sold it knowing this was going to happen</quote>>Insider trading >Publicly released information </quote> ... Copied to Clipboard!
CableZL 08/10/20 1:17:33 PM #15:	REMercsChamp posted... >Insider trading >Publicly released information It would be considered insider trading if the shares were purchased by people who knew the information before it was publicly released. --- https://i.imgtc.com/d9Fc4Qq.gif https://i.imgtc.com/BKHTxYq.gif https://i.imgtc.com/vYYIuDx.jpg <cite>CableZL posted [p:943217350] in Kodak shar... [t:78903739]...</cite> <quote>REMercsChamp posted... </cite> <quote>>Insider trading >Publicly released information</quote> It would be considered insider trading if the shares were purchased by people who knew the information before it was publicly released. </quote> ... Copied to Clipboard!
ZMythos 08/10/20 1:17:56 PM #16:	I choked on my coffee when I saw it go up 660% the other day. I'll stick to penny stocks lol --- Rainbow Dashing: "it's just star wars" AutumnEspirit: kissu <cite>ZMythos posted [p:943217365] in Kodak shar... [t:78903739]...</cite> <quote>I choked on my coffee when I saw it go up 660% the other day. I'll stick to penny stocks lol </quote> ... Copied to Clipboard!
REMercsChamp 08/10/20 1:18:41 PM #17:	CableZL posted... It would be considered insider trading if the shares were purchased by people who knew the information before it was publicly released. And how do you know they did that? --- JOBS! Come check out my community board for NEET discussions: https://gamefaqs.gamespot.com/boards/1467-neet-discussions <cite>REMercsChamp posted [p:943217397] in Kodak shar... [t:78903739]...</cite> <quote>CableZL posted... </cite> <quote>It would be considered insider trading if the shares were purchased by people who knew the information before it was publicly released.</quote>And how do you know they did that? </quote> ... Copied to Clipboard!
CableZL 08/10/20 1:19:28 PM #18:	REMercsChamp posted... And how do you know they did that? We don't, but that's what the suspicion is about, which is why an investigation is taking place. --- https://i.imgtc.com/d9Fc4Qq.gif https://i.imgtc.com/BKHTxYq.gif https://i.imgtc.com/vYYIuDx.jpg <cite>CableZL posted [p:943217422] in Kodak shar... [t:78903739]...</cite> <quote>REMercsChamp posted... </cite> <quote>And how do you know they did that?</quote> We don't, but that's what the suspicion is about, which is why an investigation is taking place. </quote> ... Copied to Clipboard!
REMercsChamp 08/10/20 1:20:53 PM #19:	CableZL posted... We don't, but that's what the suspicion is about, which is why an investigation is taking place. I misunderstood - I thought the investigation was something unrelated. --- JOBS! Come check out my community board for NEET discussions: https://gamefaqs.gamespot.com/boards/1467-neet-discussions <cite>REMercsChamp posted [p:943217478] in Kodak shar... [t:78903739]...</cite> <quote>CableZL posted... </cite> <quote>We don't, but that's what the suspicion is about, which is why an investigation is taking place.</quote>I misunderstood - I thought the investigation was something unrelated. </quote> ... Copied to Clipboard!
mustachedmystic 08/10/20 1:35:04 PM #20:	gamestunner posted... Kodak has no business being in business nowadays anyway. Just a relic from the past. This. Iirc they developed digital photography back in 60s for US spy satellites, but didnt want to develop it for commercial use as they were worried about film business. Fucking idiots, company deserves to die. --- Would you buy a book called Suggestions of Acquistion? - Gint <cite>mustachedmystic posted [p:943217996] in Kodak shar... [t:78903739]...</cite> <quote>gamestunner posted... </cite> <quote>Kodak has no business being in business nowadays anyway. Just a relic from the past.</quote>This. Iirc they developed digital photography back in 60s for US spy satellites, but didnt want to develop it for commercial use as they were worried about film business. Fucking idiots, company deserves to die. </quote> ... Copied to Clipboard!
CADE FOSTER 08/10/20 1:39:33 PM #21:	insider trading bet alot of gop members including trump bought shares <cite>CADE FOSTER posted [p:943218153] in Kodak shar... [t:78903739]...</cite> <quote>insider trading bet alot of gop members including trump bought shares</quote> ... Copied to Clipboard!
SK8T3R215 08/10/20 1:43:29 PM #22:	RIP in peace Robinhood bagholders --- New York Knicks, New York Jets, New York Yankees. <cite>SK8T3R215 posted [p:943218297] in Kodak shar... [t:78903739]...</cite> <quote>RIP in peace Robinhood bagholders </quote> ... Copied to Clipboard!
DarkRoast 08/10/20 1:44:53 PM #23:	CADE FOSTER posted... insider trading bet alot of gop members including trump bought shares I figured it had to be some inside BS as soon as it happened, but it probably went far more public than they anticipated which meant it got a larger spotlight than they wanted. --- Well allons-y, Alonso! <cite>DarkRoast posted [p:943218351] in Kodak shar... [t:78903739]...</cite> <quote>CADE FOSTER posted... </cite> <quote>insider trading bet alot of gop members including trump bought shares</quote> I figured it had to be some inside BS as soon as it happened, but it probably went far more public than they anticipated which meant it got a larger spotlight than they wanted. </quote> ... Copied to Clipboard!
mustachedmystic 08/10/20 1:46:06 PM #24:	CADE FOSTER posted... insider trading bet alot of gop members including trump bought shares If trump bought into Kodak, than hes even dumber than he seems. --- Would you buy a book called Suggestions of Acquistion? - Gint <cite>mustachedmystic posted [p:943218393] in Kodak shar... [t:78903739]...</cite> <quote>CADE FOSTER posted... </cite> <quote>insider trading bet alot of gop members including trump bought shares</quote>If trump bought into Kodak, than hes even dumber than he seems. </quote> ... Copied to Clipboard!
MrToothHasYou 08/10/20 1:46:50 PM #25:	REMercsChamp posted... And how do you know they did that? I mean we dont know explicitly, but given that the trading volume for the stock went up over twenty fold the day before the deal was announced, I think its more than fair to speculate. --- http://weareontherun.bandcamp.com ^^^^^ HEY! ^^^ LISTEN! ^^^^^ <cite>MrToothHasYou posted [p:943218432] in Kodak shar... [t:78903739]...</cite> <quote>REMercsChamp posted... </cite> <quote>And how do you know they did that?</quote>I mean we dont know explicitly, but given that the trading volume for the stock went up over twenty fold the day before the deal was announced, I think its more than fair to speculate. </quote> ... Copied to Clipboard!
UnholyMudcrab 08/10/20 1:48:06 PM #26:	SK8T3R215 posted... RIP in peace Robinhood bagholders https://robintrack.net/symbol/KODK Oh no no no --- https://imgur.com/VeNBg https://imgur.com/gd5jC8q https://imgur.com/PKIy7 https://imgur.com/3p29JqP <cite>UnholyMudcrab posted [p:943218476] in Kodak shar... [t:78903739]...</cite> <quote>SK8T3R215 posted...</cite> <quote>RIP in peace Robinhood bagholders </quote> https://robintrack.net/symbol/KODK Oh no no no</quote> ... Copied to Clipboard!
Tyranthraxus 08/10/20 1:48:18 PM #27:	JadeBaby posted... I thought they had folded by the late 2000s. The film business folded. They have moved on to digital like every other manufacturer. --- It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha." https://imgur.com/dQgC4kv <cite>Tyranthraxus posted [p:943218484] in Kodak shar... [t:78903739]...</cite> <quote>JadeBaby posted... </cite> <quote>I thought they had folded by the late 2000s.</quote> The film business folded. They have moved on to digital like every other manufacturer. </quote> ... Copied to Clipboard!
CADE FOSTER 08/10/20 1:49:35 PM #28:	mustachedmystic posted... If trump bought into Kodak, than hes even dumber than he seems. he has been bankrupted a bunch of times he is a terrible business man <cite>CADE FOSTER posted [p:943218529] in Kodak shar... [t:78903739]...</cite> <quote>mustachedmystic posted...</cite> <quote> If trump bought into Kodak, than hes even dumber than he seems. </quote> he has been bankrupted a bunch of times he is a terrible business man</quote> ... Copied to Clipboard!
REMercsChamp 08/10/20 1:50:18 PM #29:	MrToothHasYou posted... I mean we dont know explicitly, but given that the trading volume for the stock went up over twenty fold the day before the deal was announced, I think its more than fair to speculate. Yeah. I thought people here were referencing the fact that the stock tumbled after publicly announced information went out as 'insider trading'. I didn't read what the investigation was about when I posted first. They done goofed but not surprising for a company like kodak. --- JOBS! Come check out my community board for NEET discussions: https://gamefaqs.gamespot.com/boards/1467-neet-discussions <cite>REMercsChamp posted [p:943218558] in Kodak shar... [t:78903739]...</cite> <quote>MrToothHasYou posted... </cite> <quote>I mean we dont know explicitly, but given that the trading volume for the stock went up over twenty fold the day before the deal was announced, I think its more than fair to speculate. </quote>Yeah. I thought people here were referencing the fact that the stock tumbled after publicly announced information went out as 'insider trading'. I didn't read what the investigation was about when I posted first. They done goofed but not surprising for a company like kodak. </quote> ... Copied to Clipboard!
SK8T3R215 08/10/20 1:57:28 PM #30:	A bunch of local news pieces came out about the loan that day so that led to the spike in volume before they were taken down. And as a public company you should have had a time restriction for when that can be released so they probably have some issue that will be exposed because of that. --- New York Knicks, New York Jets, New York Yankees. <cite>SK8T3R215 posted [p:943218822] in Kodak shar... [t:78903739]...</cite> <quote>A bunch of local news pieces came out about the loan that day so that led to the spike in volume before they were taken down. And as a public company you should have had a time restriction for when that can be released so they probably have some issue that will be exposed because of that. </quote> ... Copied to Clipboard!
Prismsblade 08/10/20 1:59:20 PM #31:	Relevant.... https://www.youtube.com/watch?v=61Q6wWu5ziY --- 3DS FC:3368-5403-9633 Name: Kaizer PSN: Blackkaizer <cite>Prismsblade posted [p:943218869] in Kodak shar... [t:78903739]...</cite> <quote>Relevant.... https://www.youtube.com/watch?v=61Q6wWu5ziY </quote> ... Copied to Clipboard!
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Current Events > Kodak shares plunge after U.S. blocks $765 million loan deal (+) Yeah! (+)

Current Events > Kodak shares plunge after U.S. blocks $765 million loan deal