• Welcome to Photrio!
    Registration is fast and free. Join today to unlock search, see fewer ads, and access all forum features.
    Click here to sign up

Kodak Stock Down to $5.45

Latest Gallery

Phelan Building, San Francisco.jpg

Phelan Building, San Francisco.jpg

  • 3
  • 0
  • 19
El Portal Motel.jpg

A
El Portal Motel.jpg

  • 3
  • 3
  • 42

Recent Classifieds

Forum statistics

Threads
202,886
Messages
2,847,057
Members
101,529
Latest member
Flo18
Recent bookmarks
0
Maybe it was the announcement that they are bring back wet plate film.
 
This stock price jump has nothing to do with film, not has it anything to do with something tangible today. It's a hail mary from Kodak trying to invent a new cryptocurrency that somehow will be used within the photographic industry. I'm not sure that is what photographers today are asking for.
 
Kodak normally trades about 175,000 shares per day. Today it's at 4.24 million and it's only just past lunch time!!
 
RattyMouse said:
I bought two shares of Kodak @ $4.25. Come on Kodak, make me rich!
Click to expand...
How is Kodacoin going to generate income for Kodak? Is this like the banks playing the derivatives market in the 1990s - making money on speculative securities trading rather than their core business.?
 
Last edited:
mshchem said:
No it's not happening . Act of desperation .
Click to expand...

Yes, this does seem to be an act of total desperation from Kodak. The one saving grace would be if they could get the stock up past $17.50/share. At that level Kodak does not have to pay the preferred stock holders any money when their shares expire. Instead they would just exchange them for common stock. Kodak is a long way from $17.50/share still.
 
UNREAL! I bought 2 shares of Kodak $4.25 and it just hit $5.50. I'm up almost 30% in just an hour!! Wow.....I wish I had the stones to place more on Kodak but that's gambling, not investing.

Geez....It's $5.75 now. Good god.

I sold at $5.80/share......of course now it's at $6.08. Hilarious.
 
"Utilizing blockchain technology, the KODAKOne platform will create an encrypted, digital ledger of rights ownership for photographers to register both new and archive work that they can then license within the platform. With KODAKCoin, participating photographers are invited to take part in a new economy for photography, receive payment for licensing their work immediately upon sale, and for both professional and amateur photographers, sell their work confidently on a secure blockchain platform. KODAKOne platform provides continual web crawling in order to monitor and protect the IP of the images registered in the KODAKOne system. Where unlicensed usage of images is detected, the KODAKOne platform can efficiently manage the post-licensing process in order to reward photographers."

A photostock agency with payment in crypto currency? I couldn''t find any information on WENN Digital, Kodak's "licensing partner" in the deal.
 
Last edited:
I had created a kodakit account several years ago. Nothing came of it. About a month ago I got an email for me to update my account as the platform was changing. Guess this is part of it. Wish them all the best
Wish I was still day trading (not really, HIGH STRESS) as today would be a fun one. Buy and sell or sell short on movement. Catch part of that wave.
 
This is a bubble and will crash hard. Right now, companies can triple their stock price just by adding the word "Blockchain" to their name. Think I'm joking? The Long Island Iced Tea Company renamed itself "Long Blockchain" and it's stock price tripled over night.

No one on Wall Street understands what the hell "blockchain" is but they've heard it has something to do with Bitcoin. Bitcoin, as you may have heard, has gone from being worth nothing to having a valuation in the billions in the last couple of years. So now anytime Wall Street hears of a company doing something with "blockchain", they act like it's guaranteed that the company will explode like Bitcoin has.

Kodak is just cashing in on the ignorance surrounding the fad. In a month or two, the world will figure out that blockchain is a just a description of some fancy math and it isn't worth anything without a solid business plan behind it and every company that rode the boom up is going to ride the crash back down even farther.
 
williaty said:
This is a bubble and will crash hard. Right now, companies can triple their stock price just by adding the word "Blockchain" to their name. Think I'm joking? The Long Island Iced Tea Company renamed itself "Long Blockchain" and it's stock price tripled over night.

No one on Wall Street understands what the hell "blockchain" is but they've heard it has something to do with Bitcoin. Bitcoin, as you may have heard, has gone from being worth nothing to having a valuation in the billions in the last couple of years. So now anytime Wall Street hears of a company doing something with "blockchain", they act like it's guaranteed that the company will explode like Bitcoin has.

Kodak is just cashing in on the ignorance surrounding the fad. In a month or two, the world will figure out that blockchain is a just a description of some fancy math and it isn't worth anything without a solid business plan behind it and every company that rode the boom up is going to ride the crash back down even farther.
Click to expand...

I found this. https://www.cbsnews.com/news/kodak-creating-its-own-cryptocurrency-kodakcoin/
 
Prof_Pixel said:
At market close today it's up to $6.80 per share!
Click to expand...

Waaay past that now in after hours trading. Over $9.00/share.

I was listening to CNBC during the drive home today and the Kodak story was not covered until 55 minutes past the closing bell. Hard to believe that a company like Kodak is such an afterthought. Imagine if Apple went up 130% in one day. That would be HUGE news. Kodak was barely mentioned. The analysts described the story, about Kodacoin and pretty much laughed the whole thing off. Who are the customers for this? What is the revenue stream going to look like? All kinds of questions that Kodak could have answered upon releasing this news.

One analyst called it, "taking a flyer" on the bitcoin mania.
 
williaty said:
Kodak is just cashing in on the ignorance surrounding the fad. In a month or two, the world will figure out that blockchain is a just a description of some fancy math and it isn't worth anything without a solid business plan behind it and every company that rode the boom up is going to ride the crash back down even farther.
Click to expand...

Very true. CNBC said that Kodak was "taking a flyer" on the bitcoin mania.

Without a solid business behind this, a large crash is coming. Kodak has not explained how their previously failing business model is somehow changed by them making a new cryptocurrency.
 
The until now secret project has an internal name "PROJECT KR 135-36" The expected initial offering to be around 64 a share. However analysts believe a more realistic price would be 25 and others as high as 200. Go figure!
Best Mike
 
You must log in or register to reply here.
Photrio.com contains affiliate links to products. We may receive a commission for purchases made through these links.
To read our full affiliate disclosure statement please click Here.

PHOTRIO PARTNERS EQUALLY FUNDING OUR COMMUNITY:
Ilford ADOX Freestyle Photographic Stearman Press Weldon Color Lab Blue Moon Camera & Machine
Top Bottom