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/

Stream Energy Lends a Helpful Hand to Hurricane Victims

Dallas residents were proud to be doing business with Stream Energy after the way they handled themselves after the devastation of Hurricane Harvey, read more. Some businesses take a neutral stance in crises because they feel as though it has nothing to do with them. Other businesses get down to the customer’s level. Others even contribute funds to the cause. Stream Energy showed its true colors after the hurricane, and it was the color of compassion.

Read more interesting related news her on renewableenergyworld.com.

 

Stream Donates to Red Cross

One of the first things that Stream Energy did to offer help to Harvey victims was donate a hefty $25,000 to the American Red Cross. The American Red Cross is well known for helping people who survive disasters such as hurricanes, fires and so on. The organization uses the money that people donate to get victims back on their feet ASAP.

 

Stream Employees Gather to Help

Stream has such a compassionate culture that their employees voluntarily went out and started helping some of the victims in the community. They helped those people find clothing, shelter and other resources.

 

Stream Reimburses Employees

Stream also made efforts to reimburse the employees and the victims for the time that they lose because of the incident. They started a crowd fund with the employees who helped and the funds from that went well past $100,000. Additionally, Stream gave its customers a break on some crucial services. They did not charge their energy or wireless customers any late fees if they had trouble paying their bills because of the disaster, for example. It’s times like these when people really get to see the heart of a business, and Stream showed its warm heart during these tough times.

 

About Stream Energy

Stream Energy is a Texas-based provider of a suite of services such as energy, mobile and home services. The company was founded in 2005 and has been growing rapidly ever since. It has received recognition for its contributions to hurricane victims and its overall community-friendly persona. Stream currently operates in eight states and will continue to expand each year.

 

Related Source: https://technewsspy.com/2017/11/08/stream-energy-dallas-texas/.