Kodak Crashes 45% After Gov’t Loan Deal Placed On Hold After Recent Allegations
A tawdry tale of a once enormous and iconic company, now begging for crumbs at the government trough.
In late July, Kodak shares soared more than 2,000%, from $2.80 to $60 per share in a matter of two trading sessions following the loan agreement with the government.
The Wall Street Journal reported over the weekend the Securities and Exchange Commission (SEC) is reviewing how the company controlled the disclosure of the loan.
This article was originally posted here: https://www.ac2news.com/2020/08/kodak-crashes-45-after-govt-loan-deal-placed-on-hold-after-recent-allegations/.