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Kodak Loan now under SEC Investigation

calamity

calamity

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Kodak'''s $765M Federal Loan Disclosure For Drug Venture Under SEC Investigation: WSJ

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.
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This should be interesting.
 
I await the usual people saying how this is all fine and dandy and not even a hint of corruption.
 
Peter said:
I await the usual people saying how this is all fine and dandy and not even a hint of corruption.
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Of course. After all, we all know Trump is as honest as the day is long. ;)
 
calamity said:
Of course. After all, we all know Trump is as honest as the day is long. ;)
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He makes so called Honest Abe look like a filthy liar by comparison.
He's more honorable than Jesus.

Quite a bit fatter though so swings and roundabouts.
 
Tlrmln said:
I'm pretty sure it's not the loan that's under investigation, but rather the timing of disclosure of the deal.
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Which puts the stock options granted into question is the day before the announcement
 
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