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Kodak loan deal on hold

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https://well-temperedforum.groupee.net/eve/forums/a/tpc/f/9130004433/m/7933957497

08 August 2020, 07:30 PM
wtg
Kodak loan deal on hold
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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When the world wearies and society ceases to satisfy, there is always the garden - Minnie Aumônier

08 August 2020, 09:35 PM
Steve Miller
Who knew Kodak was still in business? Confused


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Life is short. Play with your dog.

09 August 2020, 04:44 PM
Jack Frost
Some fortunes were made and lost on Kodak stock recently!

jf


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Be calm, be brave, it'll be okay.

09 August 2020, 05:20 PM
Piano*Dad
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.
10 August 2020, 08:50 PM
Steve Miller
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.