Kodak and the leak

#52
#52
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.
Click to expand...
Man I wish someone would cut me in next time
 
  • Like
Reactions: Orangeburst
#53
#53
Insider trading on a stock doing 100k shares a day is suicide. Let's say all 1.5M shares over average are suspect, the SEC can quickly find out who bought every single one of those shares. If they can tie them back to anyone from .gov or Kodak they're all toast. When I was in big 4 there was someone in our DC M&A office that shared merger info with his dad and a couple friends. I think the total profit was less than $50k between all of them. They suspended or revoked his CPA license I can't remember, barred him from appearing in tax court for several years, working on any SEC client, and made him pay restitution. That's on top of being fired and blackballed from all big firms. If the government wants to get you they will.
 
  • Like
Reactions: Rickyvol77, tbh, Rasputin_Vol and 1 other person
#57
#57
lawgator1 said:
You have to think the SEC is looking into it and trying to track connections to the trades.
Click to expand...

Nah, they're too focused on the rollout of a 10-game conference-only schedule.

In all seriousness though, yeah...this will hopefully get the investigation that it is certainly due.
 
  • Like
Reactions: tntar heel
#61
#61
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. 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.

View attachment 296158
Click to expand...

Going to jail is a helluva reason to not run the scam that you are suggesting.
 
  • Like
Reactions: tntar heel and NorthDallas40
#63
#63
#64
#64
lawgator1 said:
Thanks for the info.

Tell me, are you buying that the 1 million stock options, the day just prior to announcement of the deal, was to make up for a dilution a year ago?

If so, I have some really nice swamp land you might be interested in.
Click to expand...
You should provide your riveting counter to the SEC to consider in their investigation? I’m sure it will get the proper attention it deserves.
 
#65
#65
lawgator1 said:
Thanks for the info.

Tell me, are you buying that the 1 million stock options, the day just prior to announcement of the deal, was to make up for a dilution a year ago?

If so, I have some really nice swamp land you might be interested in.
Click to expand...

Trump may take that swamp land, considering he's the best at draining them. He'll need something to do, soon.
 
New posts
You must log in or register to reply here.

VN Store



Back
Top