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Kodak loan deal on hold
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wtg
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quote:
The federal agency that announced a $765 million loan to Eastman Kodak Co. less than two weeks ago said the offer is on hold pending probes into allegations of wrongdoing.

“Recent allegations of wrongdoing raise serious concerns,” the U.S. International Development Finance Corporation said in a tweet Friday night. “We will not proceed any further unless these allegations are cleared.” Congress and the Securities and Exchange Commission are investigating the deal, and Kodak’s board said Friday it is also opening a review of the loan disclosure.


https://finance.yahoo.com/news...-loan-210926833.html


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We are all visitors to this time, this place. We are just passing through. Our purpose here is to observe, to learn, to grow, to love… and then we return home. - Australian Aboriginal proverb

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Posts: 37940 | Location: Somewhere in the middle | Registered: 19 January 2010Reply With QuoteReport This Post
Steve Miller
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Who knew Kodak was still in business? Confused


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Life is short. Play with your dog.

 
Posts: 34971 | Location: Hooterville, OH | Registered: 23 April 2005Reply With QuoteReport This Post
Jack Frost
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Some fortunes were made and lost on Kodak stock recently!

jf


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Posts: 17680 | Location: Maine | Registered: 20 April 2005Reply With QuoteReport This Post
Piano*Dad
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Not me!

Not one I owned ... well, I suppose it might be a tiny part of some fund here or there. But I certainly didn't have any specific shares in it.
 
Posts: 12538 | Location: Williamsburg, VA | Registered: 19 July 2005Reply With QuoteReport This Post
Steve Miller
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Kodak has 1200 employees and one scroungy building in upstate New York. How does anyone justify giving them $765 mil ?

The kickback percentage must be breathtaking. Where is it going?


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Life is short. Play with your dog.

 
Posts: 34971 | Location: Hooterville, OH | Registered: 23 April 2005Reply With QuoteReport This Post
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