Kodak and the leak

[lawgator1]

Kodak, the camera and film company, had toiled as a penny stock (less than $5/share) for several years, with low volume. Daily volume was pretty much between 50,000 and 150,000 shares per day.

On Friday July 24, the closing price was $2.10 and volume was 75,000.

On Monday, July 27, however, volume was 1.6 million shares! Price went up quite a bit, to $2.62/share.

There was no news justifying a ten fold increase in volume, or the price action.

Tuesday, volume exploded to 272 million shares. WTF, from 75,000 shares to 272 million shares in three days ????? Price way up now, to $7.94.

Then last night it was announced that Kodak was being given a huge loan by the federal government to provide supplies to be used in vaccines, etc. The price this morning is just below $40 a share. Volume already this morning is 125 million shares.

So in three days, the stock went from trading 75,000 shares to trading hundreds of millions. The price went from just over $2 to $40. And the massive trading surge occurred BEFORE the public news of the federal action. Somebody needs to go to jail. It either came from inside Kodak, or from the federal government. An investigation needs to occur ASAP to find out WTF happened here.

 

[hog88]

Kodak, the camera and film company, had toiled as a penny stock (less than $5/share) for several years, with low volume. Daily volume was pretty much between 50,000 and 150,000 shares per day.

On Friday July 24, the closing price was $2.10 and volume was 75,000.

On Monday, July 27, however, volume was 1.6 million shares! Price went up quite a bit, to $2.62/share.

There was no news justifying a ten fold increase in volume, or the price action.

Tuesday, volume exploded to 272 million shares. WTF, from 75,000 shares to 272 million shares in three days ????? Price way up now, to $7.94.

Then last night it was announced that Kodak was being given a huge loan by the federal government to provide supplies to be used in vaccines, etc. The price this morning is just below $40 a share. Volume already this morning is 125 million shares.

So in three days, the stock went from trading 75,000 shares to trading hundreds of millions. The price went from just over $2 to $40. And the massive trading surge occurred BEFORE the public news of the federal action. Somebody needs to go to jail. It either came from inside Kodak, or from the federal government. An investigation needs to occur ASAP to find out WTF happened here.

If what you posted is accurate, I agree.

 

[Stew Cook]

Kodak, the camera and film company, had toiled as a penny stock (less than $5/share) for several years, with low volume. Daily volume was pretty much between 50,000 and 150,000 shares per day.

On Friday July 24, the closing price was $2.10 and volume was 75,000.

On Monday, July 27, however, volume was 1.6 million shares! Price went up quite a bit, to $2.62/share.

There was no news justifying a ten fold increase in volume, or the price action.

Tuesday, volume exploded to 272 million shares. WTF, from 75,000 shares to 272 million shares in three days ????? Price way up now, to $7.94.

Then last night it was announced that Kodak was being given a huge loan by the federal government to provide supplies to be used in vaccines, etc. The price this morning is just below $40 a share. Volume already this morning is 125 million shares.

So in three days, the stock went from trading 75,000 shares to trading hundreds of millions. The price went from just over $2 to $40. And the massive trading surge occurred BEFORE the public news of the federal action. Somebody needs to go to jail. It either came from inside Kodak, or from the federal government. An investigation needs to occur ASAP to find out WTF happened here.

Yeah, nothing will be investigated during this administration.

 

[PEPPERJAX]

Kodak, the camera and film company, had toiled as a penny stock (less than $5/share) for several years, with low volume. Daily volume was pretty much between 50,000 and 150,000 shares per day.

On Friday July 24, the closing price was $2.10 and volume was 75,000.

On Monday, July 27, however, volume was 1.6 million shares! Price went up quite a bit, to $2.62/share.

There was no news justifying a ten fold increase in volume, or the price action.

Tuesday, volume exploded to 272 million shares. WTF, from 75,000 shares to 272 million shares in three days ????? Price way up now, to $7.94.

Then last night it was announced that Kodak was being given a huge loan by the federal government to provide supplies to be used in vaccines, etc. The price this morning is just below $40 a share. Volume already this morning is 125 million shares.

So in three days, the stock went from trading 75,000 shares to trading hundreds of millions. The price went from just over $2 to $40. And the massive trading surge occurred BEFORE the public news of the federal action. Somebody needs to go to jail. It either came from inside Kodak, or from the federal government. An investigation needs to occur ASAP to find out WTF happened here.

Quick get on top of that investigation and please keep us informed. TIA!

 

[TheColdVolTruth]

Kodak, the camera and film company, had toiled as a penny stock (less than $5/share) for several years, with low volume. Daily volume was pretty much between 50,000 and 150,000 shares per day.

On Friday July 24, the closing price was $2.10 and volume was 75,000.

On Monday, July 27, however, volume was 1.6 million shares! Price went up quite a bit, to $2.62/share.

There was no news justifying a ten fold increase in volume, or the price action.

Tuesday, volume exploded to 272 million shares. WTF, from 75,000 shares to 272 million shares in three days ????? Price way up now, to $7.94.

Then last night it was announced that Kodak was being given a huge loan by the federal government to provide supplies to be used in vaccines, etc. The price this morning is just below $40 a share. Volume already this morning is 125 million shares.

So in three days, the stock went from trading 75,000 shares to trading hundreds of millions. The price went from just over $2 to $40. And the massive trading surge occurred BEFORE the public news of the federal action. Somebody needs to go to jail. It either came from inside Kodak, or from the federal government. An investigation needs to occur ASAP to find out WTF happened here.

Your timeline is off a little in that the deal was announced premarket yesterday. That's why the explosive move yesterday. The volume on Monday is certainly questionable and worthy of scrutiny, but it was common knowledge yesterday morning. I think WSJ was the first to break the story, but it was everywhere premarket. Again, the trading volume on Monday is very questionable and not a good look for anyone on either the corporate side or gov side with knowledge of the deal. The prior seven trading days saw volume ranging between 70k and 220k shares, and Monday that spiked to 1.6M prior to news being released.

 

[TheDeeble]

Kodak, the camera and film company, had toiled as a penny stock (less than $5/share) for several years, with low volume. Daily volume was pretty much between 50,000 and 150,000 shares per day.

On Friday July 24, the closing price was $2.10 and volume was 75,000.

On Monday, July 27, however, volume was 1.6 million shares! Price went up quite a bit, to $2.62/share.

There was no news justifying a ten fold increase in volume, or the price action.

Tuesday, volume exploded to 272 million shares. WTF, from 75,000 shares to 272 million shares in three days ????? Price way up now, to $7.94.

Then last night it was announced that Kodak was being given a huge loan by the federal government to provide supplies to be used in vaccines, etc. The price this morning is just below $40 a share. Volume already this morning is 125 million shares.

So in three days, the stock went from trading 75,000 shares to trading hundreds of millions. The price went from just over $2 to $40. And the massive trading surge occurred BEFORE the public news of the federal action. Somebody needs to go to jail. It either came from inside Kodak, or from the federal government. An investigation needs to occur ASAP to find out WTF happened here.

This article is from Monday the 27th. So it was known before last night.

Kodak tapped to be leader in U.S. prescription drug manufacturing

Kodak tapped to be leader in U.S. prescription drug manufacturing
by Ginny Ryan & Jane Flasch
Monday, July 27th 2020


Rochester, N.Y. — Eastman Kodak Company is poised to be on the forefront of a federal initiative to shift production of generic prescription drugs to the U.S., including some used in the fight against COVID-19.

A $765 million federal loan through the U.S. International Development Finance Corporation (DFC) will be given to Eastman Kodak to produce pharmaceutical products in Rochester and at the company's facility in St. Paul, Minnesota.

 

[lawgator1]

This article is from Monday the 27th. So it was known before last night.

Kodak tapped to be leader in U.S. prescription drug manufacturing

What time did that come out on Monday, do you know? From 75,000 shares Friday to over a million shares Monday.

 

[volfanhill]

 

[Ernest T. Vol]

Blue horseshoe loves Kodak

 

[TheColdVolTruth]

What time did that come out on Monday, do you know? From 75,000 shares Friday to over a million shares Monday.

That's where the issue is. The article he linked references the report from WSJ, but it was after the bell Monday. Yesterday's trading was in result to the news, but Monday's trading looks bad. The Kodak CEO was asked about the spike in volume Monday prior to the news release, and he didn't have much to say other than they did a good job of keeping the secret. Keenan pressed him a little more, and the guy said they had knowledge of the deal for a week.

 

[allvol123]

...

 

[lawgator1]

That's where the issue is. The article he linked references the report from WSJ, but it was after the bell Monday. Yesterday's trading was in result to the news, but Monday's trading looks bad. The Kodak CEO was asked about the spike in volume Monday prior to the news release, and he didn't have much to say other than they did a good job of keeping the secret. Keenan pressed him a little more, and the guy said they had knowledge of the deal for a week.

You have to think the SEC is looking into it and trying to track connections to the trades.

 

[Boca Vol]

Blue horseshoe loves Kodak

Perfect!

 

[Vol737]

Kodak, the camera and film company, had toiled as a penny stock (less than $5/share) for several years, with low volume. Daily volume was pretty much between 50,000 and 150,000 shares per day.

On Friday July 24, the closing price was $2.10 and volume was 75,000.

On Monday, July 27, however, volume was 1.6 million shares! Price went up quite a bit, to $2.62/share.

There was no news justifying a ten fold increase in volume, or the price action.

Tuesday, volume exploded to 272 million shares. WTF, from 75,000 shares to 272 million shares in three days ????? Price way up now, to $7.94.

Then last night it was announced that Kodak was being given a huge loan by the federal government to provide supplies to be used in vaccines, etc. The price this morning is just below $40 a share. Volume already this morning is 125 million shares.

So in three days, the stock went from trading 75,000 shares to trading hundreds of millions. The price went from just over $2 to $40. And the massive trading surge occurred BEFORE the public news of the federal action. Somebody needs to go to jail. It either came from inside Kodak, or from the federal government. An investigation needs to occur ASAP to find out WTF happened here.

Something stinks to the high heavens if this is true. This is where I’m all about enforcement with regard to the markets. I would like to think the SEC is already looking into this.

 

[TheColdVolTruth]

You have to think the SEC is looking into it and trying to track connections to the trades.

They should, but I don't expect anything anymore. I remember Solyndra defrauding the US taxpayer for hundreds of millions. It's interesting that some who were appalled at that don't see an issue here, and vice versa.

Here is a vid of the CNBC interview. The question of Monday's volume spike is asked around the 2:20 mark. The CEO seems awkward throughout. That doesn't make him guilty of anything, but he seems uncomfortable throughout the entire interview.

https://www.cnbc.com/video/2020/07/...s-continenza-on-shift-to-drug-production.html

 

[DC_Vol]

Something stinks to the high heavens if this is true. This is where I’m all about enforcement with regard to the markets. I would like to think the SEC is already looking into this.

I wonder how many Congressmen made a boatload off of this.

 

[DancingOutlaw]

Yeah, nothing will be investigated during this administration.

I mean the executive branch has zero control of the SEC but sure.

 

[lawgator1]

I wonder how many Congressmen made a boatload off of this.

Someone did and word got out. Seems pretty obvious.

Have no idea whether Congress would have known of this ahead of time, or whether it was solely known within the administration. Would seem like quite a few people within Kodak, the White House, and the agency involved would have to know of it ahead of time.

 

[Vol737]

I wonder how many Congressmen made a boatload off of this.

R or D, I don’t care. If they did, they should get creamed by the SEC.

 

[TheColdVolTruth]

Someone did and word got out. Seems pretty obvious.

Have no idea whether Congress would have known of this ahead of time, or whether it was solely known within the administration. Would seem like quite a few people within Kodak, the White House, and the agency involved would have to know of it ahead of time.

The Kodak CEO said they knew for about a week prior to the news being released.

 

[lawgator1]

The Kodak CEO said they knew for about a week prior to the news being released.

Right, which means somebody within the agency and the administration -- probably more than one somebody's -- knew even before that.

Look, I have no idea where the leak came from, but its obvious there was one and that it went far and wide.

 

[Vol737]

Here’s the funny thing...I was on Yahoo Finance the other day typing in ticker symbols and doing a little research. Was trying to type in one stock, hit enter too soon and up popped Kodak. Yep, it was like $4 bucks or something I think. Thought to myself, that’s not what I wanted, stupid Yahoo! Was Yahoo trying to tell me something? Well, guess I’m the stupid Yahoo now. I shoulda bought a boat load.

 

[Vol737]

Right, which means somebody within the agency and the administration -- probably more than one somebody's -- knew even before that.

Look, I have no idea where the leak came from, but its obvious there was one and that it went far and wide.

Yep, human nature. Someone is always going to try and scam the system if they think they can make some serious $$$ and get away with it. Probably an underling somewhere that passed it along to a friend in the business and then set up an account under a different name or entity.

 

[TheColdVolTruth]

Right, which means somebody within the agency and the administration -- probably more than one somebody's -- knew even before that.

Look, I have no idea where the leak came from, but its obvious there was one and that it went far and wide.

I don't think anyone could argue that information wasn't leaked and insider trading didn't occur. I think it certainly did. I don't know if the impropriety occurred on the gov side or the corporate side, but someone should get nailed over this. I just happen to doubt that it happens.

 

[DC_Vol]

Someone did and word got out. Seems pretty obvious.

Have no idea whether Congress would have known of this ahead of time, or whether it was solely known within the administration. Would seem like quite a few people within Kodak, the White House, and the agency involved would have to know of it ahead of time.

The Putin hoax demonstrated there is no shortage of leakers inside the Beltway. Smart money is on Shiff!