Kodak Announces Eric-Yves Mahe as New President of Consumer and Film Division

[RattyMouse]

Insiders dumping in anticipation of second quarter results release?

Kodak does not report their next quarter for five and a half weeks. It seems far too early to be dumping that far in advance. Something is going on and I wonder what that is. How people learn this news is one of the secrets to trading. It is certainly not insiders driving down the share price. There are not that many insiders to sell enough stock to cause a full 25% of the market cap to disappear.

 

[AgX]

Re Agfa Photo.....a look at the website for their products (in the UK at least) shows no photographic film whatsoever....not even the APX films they were presumably getting coated by Harman.

The AgfaPhoto.com site looks as before with all the rebranded films. However the linked page at Lupus is down, but if you look under register at the Lupus site the respective pages still show up.

 

[mshchem]

Unfortunately, the slide in share price is continuing on in to today. I've tried to find news that would warrant this dramatic drop in share price but am coming up empty. There has to be a reason why the company has lost a full quarter of it's value in just a few weeks.

I think your observation on the Kodak coin is the prime driver. Bitcoin is in the toilet, there's so much electricity used to mine Bitcoin that cost of production is around 2000 dollars a coin now. Any new coin offerings are now going to be regulated by the Federal Trade Commission ,any gains will be taxed as capital gains.
The only reason EK popped up was the stupid coin thing. Now it's just P/E and debt.
EK is not in good shape.

 

[RattyMouse]

I think your observation on the Kodak coin is the prime driver. Bitcoin is in the toilet, there's so much electricity used to mine Bitcoin that cost of production is around 2000 dollars a coin now. Any new coin offerings are now going to be regulated by the Federal Trade Commission ,any gains will be taxed as capital gains.
The only reason EK popped up was the stupid coin thing. Now it's just P/E and debt.
EK is not in good shape.

You are right. The bubble on bitcoin has certainly burst with the result that all the mania that built up regarding cryptocurrency has gone down the drain.

It may be that there will never be an ICO for Kodak Coins.

On a side note, what happens to bitcoin when the electricity costs exceed the value of the coins?

 

[mshchem]

On a side note, what happens to bitcoin when the electricity costs exceed the value of the coins?

Bitcoin is so illiquid that it's not functioning as a medium of exchange. I've seen figures that Bitcoin uses as much electricity as France!
It's like "The Cloud " where we are all supposed to store all our data. "The Cloud " sounds better than calling it a giant server building, in a cornfield in Iowa. Of course Microsoft and others place these monsters in places with plentiful wind energy so they can claim it's carbon neutral. The wind energy that could be used to displace burning natural gas goes to storing information for "Big Data".
Bitcoin is a joke. The idea is to keep things secret. There's no secrets anymore.

 

[RattyMouse]

I dont want to start a new thread, so I'll just drop this here. Kodak's Kash Miner is dead. The BBC is reporting that the deal to have Kodak branded Kash miners has collapsed. Share prices are dropping in heavy trading today, -5% for the day, -25% for the trailing month.

Still no word on if Kodak's ICO is ever going to happen, now 6 months behind schedule. This along with the Ektachrome film and Super 8 camera are all well behind schedule.

https://techcrunch.com/2018/07/16/krashnburn/

 

[RattyMouse]

Things are looking very ugly for KODK. Something has got to give. No idea why the relentless liquidation is still going on. All news searches come up empty. -35% the past month, -15% the past week.