SEC halts Kodak branded cryto miner

[Dmosher]

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


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

 

[faberryman]

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

https://www.bbc.com/news/technology-44845291

 

[RattyMouse]

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

https://www.bbc.com/news/technology-44845291

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]

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.

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

 

[RattyMouse]

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


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

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]

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