Tag Archives: Sahm Adrangi

SAHM ADRANGI’S REPORT ON A FAILING KODAK COMPANY.

An affiliate of Kerrisdale Capital, Sahm Adrangi noted some serious problems about an Eastman Kodak Company with both Kodak One and Kodak Coin. Sahm Adrangi suspicion about Kodak One arises from the fact that its management seemed flawed. This arose from the fact that the company had a poor track record and an adviser to the firm seemed to have a questionable past. A report shows how Kodak’s stock rise was affiliated to a blockchain project thus creating a huge value of $300. That before they made it public about the licensing of the blockchain project, the members awarded themselves the company shares.

Sahm Adrangi also details that no effort was made to lower the resource’s risks by blockchain that is required to avoid infringement of copyright. Photographers are also to be paid by use of Kodak Coins by Kodak. The Kodak Coins will be used along with Kodak One. Such a move as claimed by Kerrisdale Capital is a way of taking away the investors mind from looking at the financial position of the distressed company. Kodak’s zero credibility and its last attempt to promote by use of a banned stock promoter who has been banned from the stock exchange in stock promotion led to more suspicion.

The rise in debt has brought a worry in Kodak’s position financially. Investors have constantly been failed due to botched asset sales and negative and unresolved cash flow. There has been a huge failure by management in trying to correct such anomalies. Claims have also arisen up that the company is using ICO to avoid being bankruptcy. The more than a century old company will need a debt restructuring since the probability of it not being able to pay its debts is very high.

It will also be almost impossible to transfer tokens since they will not be transferred or sold for a whole year after the opening. It also states that if a photographer earns $200,000, then being part of the ICO cannot be viable. This then means that even blockchain will not be able to save the dying Kodak Company.

https://www.zerohedge.com/news/2016-04-21/notorious-short-seller-raises-100-million-take-down-unknown-company