Sahm Adrangi Doesn’t See Kodak’s Big Picture as Good

Sahm Adrangi seems to have a keen eye for detecting bad investments, and he makes the best he can out of them. While most investors would run away from investments that are doomed to failure, Sahm Adrangi and his company Kerrisdale Capital go in full force to short the stock option and make a profit. Shorting a stock is essentially betting against a company’s success and while it’s risky, Sahm Adrangi has made a fortune for himself and his company’s clients from doing just that.

Sahm Adrangi’s newest prediction making headlines are concerning his reservations over Kodak’s new KodakCoin and KodakOne systems that are currently being developed. He has called the plan around KodakOne’s proposed image licensing program “flat-out silly” and just an attempt to get investors excited rather than to serve any real purpose to their photographer customers. While Kodak promises that the KodakOne system will not only detect copyright infringement but also collect revenue for the customer for the unlicensed use of their work, Sahm Adrangi and others believe that the system just will not work due to legal and technical problems with the system.

Their newly announced cryptocurrency KodakCoin is also facing similar scrutiny from the negative report of the Kerrisdale Capital’s Chief Investment Officer. He does not believe photographers will be happy with accepting KodakCoin for their work and will insist on getting paid in real currency. The negative report states that this is all attempt to gain the money of investors by jumping on the wagon of the success of certain cryptocurrencies.

There are also issues facing Kodak due to the unscrupulous business practices of their partner company Wenn Digital as well as their own board members who have been making trades that Adrangi believes will be subject to an SEC investigation. This information was seconded by an expert who used to work as an SEC Enforcement lawyer. While only time will tell if Kodak will have to claim Bankruptcy as predicted, but with the information released it does not look good for the company.

http://nakreport.com/2018/01/09/kerrisdale-capitals-sahm-adrangi-remains-thumbs-down-on-northern-dynasty-minerals/