Well the shorts have increased tremendously, which leaves only the newbies and illiterates left to buy and they do not have unlimited resources, therefore the coward spiral will ramp up quickly if this closes under 5 some of the newbies will start to bail and then down to $1 I wouldn’t be surprised if the SEC steps in and delist the company, but there may be a conflict there because of the ongoing SEC investigation
martymincer
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Everyone is entitled to their own opinion and as for proof? If you can read and you like to, read any of the lawsuits filed. 99 percent of you haven’t read any of them you simply blow them of as fraudulent, however, the executives issued a large number of stock options to themselves before the release and the volume spiked 2 days before the news release. Which means insider trading, this is no different the the case with former senator Collins of NY, where is he now? Jail
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SEC investigation
These will take 1-3 years to complete they have auditors that look at every company transaction company expenditures and every report. Even if they fire the guys who were involved and get new people in the investigation will still be at least 1 year, they will find illegal activity, its kind of like when a cop pulls you over even if you have done nothing wrong they can still write you a ticket.
Short term this stock has a ton of inexperienced buyers and that’s is your support the truth is the Corporation is treated as an independent person and the lawsuits that are filed are against the corporation, they also name individuals, either way you slice it the company will have to spend millions in attorney fees to defend the corporation, the individuals will be a separate charge. A publicly traded company is directly responsible for the actions of the executives actions in a class action suit.
The Loan is on hold until the SEC clears them this will not happen soon, they clearly violated many SEC regulations, that being said even if they were to completely exonerated, this would take at least a year. By that time the window of opportunity will have passed by and that Loan will have been reappropriated to another vendor.
Personally I can see how anyone who can read would buy shares in a company that has over 50 class action pending lawsuits and a ongoing SEC investigation. There are so many good company’s out there who have suffered during this pandemic downturn that are good long term investments.
The only thing i can think of that motivates the bull attitude is greed. You think you can buy a 6 dollar stock and have an opportunity to sell at 60 in a week or two, that is not going to happen with all of the lawsuits pending. Think reasonably guys -
You guys keep saying its going to pop, but none of you have anything real other than a loan that will never come to Kodak. It was a “Kodak moment” but now its a fading memory good luck you guys even a dead cat will bounce if he falls from a great height.
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Not sure what you bulls see here? Red the headlines hundreds of class action suits the company Kodak has to defend each charge, separately, even if they have done nothing wrong this is millions in attorney’s fees and months if not years in time. What is the upside? Are you thinking they will get the loan? With the number of law suits filed they will wait till this legal stuff is rectified prior to loan dispersement. That being the case they will not have access to the loan for many months, and by then someone else’s will have already fulfilled that obligation by that time kodak was a strong company but the have been gutting this company for over a decade selling off anything that was profitable. Tell me honestly why would anyone buy this stock?
Please don’t respond. With your 3rd grade toda moon remark. Tell me what you say to someone to encourage them to buy a stock with 50 plus class action law suits filed in the past 2-3 weeks?
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