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Kodak --- Welcome to the Swamp

  • Offline p_rushing
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#10
07-30-2020, 11:50 AM

(07-30-2020, 10:14 AM)The Drifter Wrote: Kodak CEO's personal fortune soars by $79MILLION after he bought thousands of shares in June before $765million government loan to the fallen photo giant sparked stock rally
  • Kodak CEO Jim Continenza's wealth has swelled by $79million thanks to a US government loan for the ailing company to produce pharmaceutical ingredients
  • On Tuesday Donald Trump announced a $765million government loan for the fallen photo giant to help confront the coronavirus crisis
  • Continenza's stock options had no value on Monday, but were worth $59 million on Wednesday following a rally in the stock
  • He owned 650,000 Kodak shares by June 23, which rose in value by $20million
  • However, his recent purchases of Kodak stock have raised eyebrows 
  • Continenza bought 46,737 shares on June 23rd at $2.22 and his profit for that purchase alone is nearly $1.6 million

https://www.dailymail.co.uk/news/article...-loan.html

This is normal for C-suite. They generally are limited in when they can buy and sell. While not great, it happens all the time. If you go after him, you have to go after every CEO.
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Messages In This Thread
Kodak --- Welcome to the Swamp - by HURRICANE!!! - 07-29-2020, 05:52 PM
RE: Kodak --- Welcome to the Swamp - by p_rushing - 07-29-2020, 06:27 PM
RE: Kodak --- Welcome to the Swamp - by mikesez - 07-30-2020, 09:23 AM
RE: Kodak --- Welcome to the Swamp - by p_rushing - 07-30-2020, 11:50 AM
RE: Kodak --- Welcome to the Swamp - by p_rushing - 07-30-2020, 05:01 PM
RE: Kodak --- Welcome to the Swamp - by p_rushing - 08-04-2020, 01:34 PM
homebiscuit - by homebiscuit - 08-04-2020, 01:53 PM



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