FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst/File Photo
The SEC declined to comment. A representative for Kodak said it intends to fully cooperate with any potential inquiries. There was heavy trading volume in Kodak shares the day before the loan was announced. Shares of Kodak surged last week more than 1,000%, generating a windfall for executives, some of whom received options one day before the deal with President Donald Trump was announced.
Oh, those b/millionaires are in for such a wrist slapping!
Yippee! Loeffler, Kushner, Trump. And others probably made some investments.
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Kodak reportedly under SEC investigation over disclosure of U.S. drug producing dealThe SEC's probe, which is still at an early stage, is focused on how Kodak disclosed the deal with the government, the Journal reported, citing people familiar with the matter. They’ll pay like $200,000 fine and move on after fking up bunch of investors.
Source: CNBC - 🏆 12. / 72 Read more »
Kodak Loan Disclosure and Stock Surge Under SEC InvestigationThe Securities and Exchange Commission is investigating the circumstances around Eastman Kodak’s announcement of a $765 million government loan to make drugs at its U.S. factories, according to people familiar with the matter. I would say Jared Kushneris finished.....But we all know Trump's SEC is useless 😴😴😴 How many Trump family members and GOP politicians will be found out? Gee... You think there wouldn't be any insider trading on this? Seems like something obviously rife w/ insider potential.
Source: WSJ - 🏆 98. / 63 Read more »
US Govt $756 defense loan to Kodak raises eyebrows, stock surges 530% after dealKodak was recently awarded a $765 million loan under the Defense Production Act to produce pharmaceuticals to lessen reliance on international manufacturers. The company’s stock surged by more than 2,300 percent within two days of the announcement, and the company's CEO, Jim Continenza, had received stock options just before the deal was announced, The New York Times reported. SRuhle High end looting in plain sight. I don't want to hear another word about a kid grabbing a flat screen tv and some sneakers SRuhle Like I care what an NBC “reporter” thinks. On that note: “MSNBC producer resigns from network with scathing letter: They block 'diversity of thought' and 'amplify fringe voices'” NBC is garbage. SRuhle I knew this Kodak story sounded very strange. Please stay on SRule!
Source: MSNBC - 🏆 469. / 51 Read more »
Elizabeth Warren calls for insider-trading investigation after Kodak shares spike 2,190% | Markets InsiderSen. Elizabeth Warren asked the Securities and Exchange Commission to investigate possible insider trading of Eastman Kodak shares before the pu... One of the few times I agree with her rhonda_harbison Yup. InsiderTrading for sure with $KODK.
Source: BusinessInsider - 🏆 729. / 51 Read more »
The Latest Money Insanity: The SEC Wants Retail Investors To Invest In Private EquityThe SEC gets into the sales business, promoting the idea of retail investors putting money into private equity. This is a bad move. Pliz retwwet ZimbabweanLivesMatter Insanity is the only way to describe it. The last thing that an average person should do is put their retirement money at risk.
Source: Forbes - 🏆 394. / 53 Read more »
Kodak will issue 30 million shares for convertible-bond holders following last week's 940% rally (KODK) | Markets InsiderKodak said it would issue 30 million shares to holders of its convertible bonds, according to an 8-K filed with the SEC on Monday. The move is a... You’d have to be pretty stupid to invest in $KODK right now. Their 15 minutes of fame are over. ZIMBABWE IS GOING THROUGH A MASSIVE HUMAN RIGHTS ISSUE ZIMBABWE IS GOING THROUGH A MASSIVE HUMAN RIGHTS ISSUE ZIMBABWE IS GOING THROUGH A MASSIVE HUMAN RIGHTS ISSUE ZIMBABWE IS GOING THROUGH A MASSIVE HUMAN RIGHTS ISSUE ZIMBABWE IS GOING THROUGH A MASSIVE HUMAN RIGHTS ISSUE
Source: BusinessInsider - 🏆 729. / 51 Read more »