Kodak and the leak

#26
#26
Vol737 said:
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.
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Could easily be a low level employee of Kodak. They are supposed to guard against that. But who knows? Now, if it did come from within you have to think that between the company's own security system and the SEC they can trace and find that leak.

TheColdVolTruth said:
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.
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Given the spike in volume it seems like it would be a broker of some kind. We are talking $300 million of sudden action, not the secretary's neighbor buying a hundred shares.
 
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#28
#28
There was an RFP out for over a month. Wouldn't have been too hard for people to figure out who the contenders are with some basic research. How many companies are geared up for this, and how many of those want to make a product that is probably never going to do better than break even due to the rock-bottom prices that the countries who use slave labor and toxic filler products can offer to the mass retailers? Probably, all their sales will be to the U.S. government. At $2-something a share, it was probably seen as being worth the gamble with an announcement looming. How much could you really lose if Kodak didn't get the loan? I don't see this as an ominous insider deal.
 
#30
#30
lawgator1 said:
Given the spike in volume it seems like it would be a broker of some kind. We are talking $300 million of sudden action, not the secretary's neighbor buying a hundred shares.
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I think your math is a little off. 1.6M shares at the Monday high of $2.62 is a little over $4M. Even at today's high of $50 it is around $80M. The action yesterday is not relevant to insider trading since the news was public knowledge. I doubt it was a secretary's neighbor, but you may be surprised what a few low level execs or high level managers could swing. A $4M purchase is certainly within reach. I'm not saying this couldn't implicate the gov side of the deal, but I don't think the corporation could be ruled out either. It should be investigated, and if anyone acted inappropriately, they should be hammered.
 
#31
#31
TheColdVolTruth said:
I think your math is a little off. 1.6M shares at the Monday high of $2.62 is a little over $4M. Even at today's high of $50 it is around $80M. The action yesterday is not relevant to insider trading since the news was public knowledge. I doubt it was a secretary's neighbor, but you may be surprised what a few low level execs or high level managers could swing. A $4M purchase is certainly within reach. I'm not saying this couldn't implicate the gov side of the deal, but I don't think the corporation could be ruled out either. It should be investigated, and if anyone acted inappropriately, they should be hammered.
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You are correct. I was thinking of the share volumes the following days. My mistake.
 
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#32
#32
lawgator1 said:
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.
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Raise your elephant tail if you know who profited on insider trading!

17elephantAdd-jumbo.jpg
 
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#34
#34
lawgator1 said:
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.
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I'm sure Billy Barr is on it!
 
#35
#35
VolunteerHillbilly said:
There was an RFP out for over a month. Wouldn't have been too hard for people to figure out who the contenders are with some basic research.
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Yeah yeah yeah… I see what you are saying. But the timing and the spike in volume is what draws the red flag. Had this been a gradual build up for over the last several weeks, you might be able to make the case for innocent trading. But a random spike on the day the deal is released? Nah... not buying it. Somebody spilled the beans. They jailed Martha Stewart under less obvious events.
 
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#36
#36
Don't care as long as Kodak makes plenty of hydroxychloroquine.
 
#38
#38
Enjoy the speculation it was Don Jr., or Schumer, or Barr. But that's all it is, speculation. Could be the CEO's secretary. Someone could have hacked their emails.

I will say this. Notwithstanding the speculation that nothing will be done about this, I am not so sure. The share volume/price action issue has gotten considerable attention in the media, as noted above. A lot of people are going to be asking questions, and you can bet that CEO and his team will be given a solid grilling by the SEC.

Plus, people are irritated at the notion of someone profiting off of the virus. If it were shown that someone within the government or at Kodak leaked this info for financial gain for themselves or others, I think there will be considerable public pressure to act on that.
 
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#39
#39
evillawyer said:
I'm sure Billy Barr is on it!
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So, here's the crazy reality:

If Trump is pretty confident that he's gonna lose the election, there is effectively NOTHING preventing him making a sh*t ton of money at this point - basically cashing in his chips.

For instance, given the combination of Trump's power to control governmental contracts ("You are choosing Option A, or I'll fire you") and his power to pardon (anyone), through his agents/3rd parties (to provide plausible deniability), he could have:

(1) Ensured Kodak was going to get the contract;
(2) Known this in advance;
(3) Quietly informed select people (e.g. his kids control his companies, but really anyone);
(4) Said people use offshore accounts to buy call options way out of the money;
(5) Cash in upon stock pop.

Most importantly, if anyone - I mean ANYONE gets caught doing this, Trump simply gives everyone a Presidential pardon.

Trump basically has a license to print money. Kodak is just a simple for instance. This really applies to any stock market, company, etc. in the US at this moment.

He lacks any modicum of ethics, so this is 100% possible.

Welcome to the Banana Republic of America.

Trump_Banana_Republic_Dictator_3_Crop.jpg
 
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#40
#40
MontyPython said:
So, here's the crazy reality:

If Trump is pretty confident that he's gonna lose the election, there is effectively NOTHING preventing him making a sh*t ton of money at this point - basically cashing in his chips.

For instance, given the combination of Trump's power to control governmental contracts ("You are choosing Option A, or I'll fire you") and his power to pardon (anyone), through his agents/3rd parties (to provide plausible deniability), he could have:

(1) Ensured Kodak was going to get the contract;
(2) Known this in advance;
(3) Quietly informed select people (e.g. his kids control his companies, but really anyone);
(4) Said people use offshore accounts to buy call options way out of the money;
(5) Cash in upon stock pop.

Most importantly, if anyone - I mean ANYONE gets caught doing this, Trump simply gives everyone a Presidential pardon.

Trump basically has a license to print money. He lacks any modicum of ethics, so this is 100% possible.

Welcome to the Banana Republic of America.
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How much tin foil did you use in your hat?
 
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#42
#42
MontyPython said:
So, here's the crazy reality:

If Trump is pretty confident that he's gonna lose the election, there is effectively NOTHING preventing him making a sh*t ton of money at this point - basically cashing in his chips.

For instance, given the combination of Trump's power to control governmental contracts ("You are choosing Option A, or I'll fire you") and his power to pardon (anyone), through his agents/3rd parties (to provide plausible deniability), he could have:

(1) Ensured Kodak was going to get the contract;
(2) Known this in advance;
(3) Quietly informed select people (e.g. his kids control his companies, but really anyone);
(4) Said people use offshore accounts to buy call options way out of the money;
(5) Cash in upon stock pop.

Most importantly, if anyone - I mean ANYONE gets caught doing this, Trump simply gives everyone a Presidential pardon.

Trump basically has a license to print money. He lacks any modicum of ethics, so this is 100% possible.

Welcome to the Banana Republic of America.

View attachment 296158
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Did these guys put together that business plan?

D061D5D9-9BCE-48B9-AEA5-28F19975B76F.gif
 
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#44
#44
FLVOL_79 said:
I find it amusing that people here act like they haven't done their own insider trading before. If you havent, you're investing wrong.
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I actually passed up an opportunity about 2 months ago. The stock went from around $70 to just under $90 right now. I didn't want to get anywhere near it because I was afraid of this very thing happening... a sudden spike in trading right before a major announcement. I passed up on 2-3 others under similar conditions over the last 18 months - 2 years.

I know a few interesting people.
 
#45
#45
MontyPython said:
A fine film indeed.

Feel free to poke a hole in any part of the theory. Again, this presumes Trump doesn't believe he'll win.

And... GO
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For your theory to be plausible Trump would have to pardon everyone prior to any charges being filed AND has figured out a way they can prevent the SEC from filing a civil complaint and taking all of the ill gotten gains. Not to mention NY can prosecute for insider trading which Trump cannot prevent with a pardon.

The man must be a criminal mastermind.
 
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#46
#46
MontyPython said:
A fine film indeed.

Feel free to poke a hole in any part of the theory. Again, this presumes Trump doesn't believe he'll win.

He literally could make tens of billions of dollars, and the American people would have zero recourse. ZERO.

And... GO
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A president can do lots of things. Maybe he will declare war on China to help his re-election chances. Or just casually bomb the **** out of Somalia. Maybe he will pardon every white collar criminal. Maybe he will sell the national parks. Maybe he will declare the whole state of California a national park and rename Trump National Park. You just mindlessly speculated about nonsense.
 
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#47
#47
volfanhill said:
A president can do lots of things. Maybe he will declare war on China to help his re-election chances. Or just casually bomb the **** out of Somalia. Maybe he will pardon every white collar criminal. Maybe he will sell the national parks. Maybe he will declare the whole state of California a national park and rename Trump National Park. You just mindlessly speculated about nonsense.
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That's true. But if ever there was a President where such speculation made some sense ...
 
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#48
#48
Rasputin_Vol said:
Yeah yeah yeah… I see what you are saying. But the timing and the spike in volume is what draws the red flag. Had this been a gradual build up for over the last several weeks, you might be able to make the case for innocent trading. But a random spike on the day the deal is released? Nah... not buying it. Somebody spilled the beans. They jailed Martha Stewart under less obvious events.
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Could be. I trust the SEC to figure out if anyone dipped too deeply into the honey pot. I wish I had been on this. Kodak was cratered anyway but not really in danger of liquidation. No way to lose.
 
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#49
#49
FLVOL_79 said:
I find it amusing that people here act like they haven't done their own insider trading before. If you havent, you're investing wrong.
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I remember in the 90s when everyone in Atlanta thought they were an insider on Post Properties going public.
 
#50
#50
Wait until they find out the contract is with Eastman Chemical
 
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