Replies to post #2298 on Halo Collective Inc (HCANF)

[Scumbag Fraudsters]

Kodak was a fluke.

It's not every day our government loans a struggling company 765 million dollars.

That's something no investor could have seen coming or planned for.

In one day it shot from $8 to $60 on the news, but 2 days later was down to $22. Still a great ride, but it only held that high point for less than 30 minutes.


3 Reasons To Avoid Kodak Stock

[Scumbag Fraudsters]

The truth emerges about the Kodak deal.

It was another bailout and another handout for another entitled rich F.

Eastman Kodak on Monday granted its executive chairman options for 1.75 million shares as the result of what a person familiar with the arrangement described as an “understanding” with its board that had previously neither been listed in his employment contract nor made public.

One day later, the administration of President Donald Trump announced a $765 million financing deal with Eastman Kodak, and in the days that followed the stock soared, making those additional options now held by executive chairman Jim Continenza worth tens of millions.

Prior to this week’s financing deal, the company warned investors it was at risk of not continuing as a going concern, but it was boosted by the agreement with the Trump administration on Tuesday to supply drug ingredients.

https://www.cnbc.com/2020/08/01/eastman-kodaks-top-executive-reportedly-got-trump-deal-windfall-on-an-understanding.html