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Kodak'''s $765M Federal Loan Disclosure For Drug Venture Under SEC Investigation: WSJ
This should be interesting.
Eastman Kodak Company (NYSE: KODK) is under investigation by the United States Securities and Exchange Commission surrounding the announcement of a $765 million federal loan for its foray into pharmaceuticals last month, the Wall Street Journal reported Tuesday.
Why It Matters
The legacy photography company’s shares soared 222% after it announced it had forayed into drug ingredient development and had received a government loan.
...Continenza also raised eyebrows for purchasing 46,737 shares of the company on June 23 at the average price of $2.22.
This should be interesting.