Sahm Adrangi Releases a Negated Report on Kodak and Its Cryptocurrency Venture

Kerrisdale Capital Management has released a negative report on Eastman Kodak Company. The private investing company explained its short position in the commercial print company. According to t Kerrisdale Capital, Kodak announced the launch of its photo-centric cryptocurrency as well as the blockchain-activated licensing program. While the blockchain is rewarding and has the potential to grow many industries, KodakOne is dishonest about the 187% rise in stock it has registered since the commencement of the cryptocurrency business.

The Kodak Report

Sahm Adrangi, the head cheerleader of Kerrisdale Capital negated the Kodak report for the following reasons:

  • KodakOne’s plan to utilize the cryptocurrency platform to solve copyright issues was not viable. He termed it as flat out silly.
  • His report indicates that hashing the images through cryptocurrency would not protect them from copyright issues. He also added that photographers would instead be paid in cash than in Kodak coins.
  • The new business proposal by Kodak is false investment bait. Despite the cases of assurance from Kodak, the business idea is not economically, viable. The cryptocurrency platform will not detect irregularities.
  • Sahm Adrangi continued to state that the cryptocurrency idea is Kodak’s way of capitalizing on the blockchain. Given that Kodak is already experiencing technical issues before launching the business, it is bound to fail.

Contribution

It is not the first time Sahm Adrangi has blown the whistle on a large corporation. The chief investment officer of Kerrisdale is used to questioning the sole intention of large corporations. Adrangi first made a name for himself when he blew the whistle on large Chinese corporations. Among the companies he exposed are China-Biotics and Lihua International.

Overview

Sahm Adrangi founded Kerrisdale Capital Management LLC in 2009. He has since been involved in the firm’s development after investing about $1 million. Adrangi’s leadership has grown Kerrisdale’s revenue to more than $150 million. Before founding Kerrisdale Capital, Adrangi worked for Longacre Fund Management LLC, the Deutsche Bank and finally, Chanin Capital Partners. The alumnus of Yale University studied economics and arts. He is well versed in investment skills and hedge fund management.

www.valuewalk.com/2017/11/sahm-adrangi-kerrisdale-capital-luxoft/

One thought on “Sahm Adrangi Releases a Negated Report on Kodak and Its Cryptocurrency Venture

  1. Finally it is not a good thing to be be concerning with because this is a case that will not be allowed by the business owners and the rest of the people in which australian essays and this is what causes a lot of people to be ignore of what the company and what the business is talking about and this will soon stop because of lot of intelligence professionals and the people interest about it

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