07-30-2020, 03:55 AM
(07-29-2020, 03:20 PM)divmenow Wrote: Explain to me how the SEC can allow what happened in KODK today? It’s hilarious this crap can happen and stocks like MO go down lol.
KODK is bankrupt and runs from $2 to $50. Not bad for a washed up film company who now says they are developing the next wonder vaccine haha!!
Wish we could profit from this one on the way down lol. But I don’t see any options.
From now on I’m going to follow Robinhood most followed haha!!
What did KODK do wrong that would require the SEC to intervene? They were granted a loan from the government in order to switch their factories to produce medical ingredients. That is basic, generic medicinal stuff. Not a single word about vaccines. They are switching from being a company in a dying field with no future to basically a generic drug company. At least that is my limited understanding of what is happening here.
This sort of a change definitely deserves a positive reaction from the markets as now there is some hope for the future. Again, I don't see what they did wrong to justify a SEC intervention?
You can always short it if you feel like it. I'll be looking into doing this too in the coming days if I find some time because there is probably quite a bit of hopes and dreams included in the current stock price.