SEC halts Kodak branded cryto miner

RattyMouse

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faberryman said:
Hard to believe it was never officially licensed. It was featured at CES.

https://www.bbc.com/news/technology-44845291
Click to expand...

Agreed. If this device was not using the Kodak name under license, then why didn't Kodak stop it? A company has to take action to protect its trademark. Declining to do so is grounds to losing control of the trademark.

I dont know if it's related, but EK shares are down -5.5% as of now, now down a full -25% for the trailing month.
 

faberryman

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Back under $4.00 where they were before the Kodakcoin run up.
 

RattyMouse

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Dmosher said:
I hadn't even heard of this.. The Kodak KashMiner.


https://www.yahoo.com/finance/news/sec-halts-sketchy-kodak-branded-165200404.html
Click to expand...

The Kash Miner was part of Kodak's cryptocurrency blitz earlier this year. Previous to that announcement the stock was languishing down near $3/share. After the announcement it blasted up to $12/share. Since then it has been on a continuous drop and is now just under $4/share. None of the cryptocurrency ideas have panned out and so the idea that somehow these corporate moves would represent something of a revival of EK's fortunes has evaporated.
 

BradS

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sheesh....it's all software (and computers) these days!
 
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