Sahm Adrangi
February 07, 2018
Chief Investment Officer, Kerrisdale Capital

Eastman Kodak Company (KODK): Gone in a Flash

  • KODAKOne, KODAKCoin and the use of blockchain in operating an image copyright platform makes little sense and will never get traction
  • WENN Digital Inc., lead developer of KODAKOne, and its strategic advisor on the KODAKCoin ICO, AppCoin Innovations Inc., are companies with highly dubious backgrounds. 
  • Kodak’s announced partnerships will not save the company from declining revenues, negative free cash flow and mounting default risk. 
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