What a joke, with all of the drug companies already established, WHY invest in Kodak?
Kodak shares tank more than 40% as government loan is put on pause while allegations investigated
Shares of Eastman Kodak plunged more than 40% on Monday after a federal agency said it was reviewing a previously announced $765 million loan for the onetime photography pioneer to produce drug ingredients.
“Recent allegations of wrongdoing raise serious concerns. We will not proceed any further unless these allegations are cleared,” the U.S. International Development Finance Corporation said in a tweet Friday.
The review of funding comes as the Securities and Exchange Commission is reportedly investigating how the company disclosed the deal with the government.
The deal kicked off a frenzy of trading activity, which saw the stock jump 600% in the span of just two days.
more:
http://www.cnbc.com/2020/08/10/kodak-shares-tank-more-than-40percent-as-government-loan-is-put-on-pause-while-allegations-investigated.html
DO SOMETHING!
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