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It's worth your time listening to Trump

So I am watching that stock clime between $4 and $6 every time it updates. I wonder how hi it will go.
 
I got in at $24, I forgot about and missed the opening. Also, trading was odd, was getting errors trying to buy market, so just set a limit and it processed.
 
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I love the idea of bringing drug manufacturing back to the US, but I'm more than just a bit squeamish about having the federal government play kingmaker. That doesn't strike me as being particularly capitalistic.
 
Hi,

The irony is Yuuuge in regards to people thinking Gov assisting aka controlling what businesses do on something like this but then absolutely despise Gov thinking they can mandate a business require customers to wear masks....

There is ZERO have your cake and eat it too when it comes to what the Gov is allowed or not allowed to do.

Gov has no right in private business....on ANY spectrum; Good or Bad for us.

Which relative is going to have one of those Biden's son type of jobs..........

Sincerely,
Theis
 
What if Trump tried to get big pharma to invest and they said eff you. You are costing us money. They probably figured they had him defeated. Boom hey Kodak do you want to help. This is national security infrastructure China unleashes Covid and they control 75% of pharma ingredients. Oh yeah that is just great for us.

They could do some really bad shit. We are at war it's not kinetic yet but it could be soon. WWII it was quite common for the Govt to take over businesses. I think he did the right thing. So did Kodak. The problem with Americans they have been slow to see this change in warfare. There is not a city in the rust belt that has not been attacked by China, with the help of our leaders. JMHO
 
Nothing is moving back without some incentive. This has been discussed here in many threads. And who is to blame?

Us.

Not even things that are critical to our survival.

I like the idea that there are only absolutes - 0s or 1s. But, I live in the analog world and know absolutes can only reflect reality to a certain degree.
 
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What if Trump tried to get big pharma to invest and they said eff you. You are costing us money. They probably figured they had him defeated. Boom hey Kodak do you want to help. This is national security infrastructure China unleashes Covid and they control 75% of pharma ingredients. Oh yeah that is just great for us.

They could do some really bad shit. We are at war it's not kinetic yet but it could be soon. WWII it was quite common for the Govt to take over businesses. I think he did the right thing. So did Kodak. The problem with Americans they have been slow to see this change in warfare. There is not a city in the rust belt that has not been attacked by China, with the help of our leaders. JMHO

Damn, and my post got removed for just a bit more than you've said. We ARE at war and need to realize that and not be 'Mr. nice guy.' Fight to WIN or just roll over and learn Chinese.
 
Nothing is moving back without some incentive. This has been discussed here in many threads. And who is to blame?

Us.

Not even things that are critical to our survival.

I like the idea that there are only absolutes - 0s or 1s. But, I live in the analog world and know absolutes can only reflect reality to a certain degree.

Greed.

Everyone wants more for themselves and fuck everyone else.
 
If it were so absolute....

Might as well have 90% of our armaments made in china too...
 
A fundamental aspect of Communism is when the Government owns/controls the means of production. A fundamental aspect of Socialism is when The People/Workers own and control the means of Production. Capitalism is an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.

Which of the above three true statements most parallels what Trump is doing with Kodak? I'm just saying that this is not Capitalism.

VooDoo
 
Insider trading seems to be gentleman's game these days, no one is persecuting anymore.

KODAK pump was just that a massive pump and dump and all the insiders got paid , while a bunch of fools were separated from their money





kodk%202020-07-29_11-04-05.jpg
 
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Hi,

How about this as a novel idea for Trump....

Lead from the front and bring ALL his business operations and manufacturing to the USA?
Lead from the front and revoke all H1B1 Visas currently authorized for Trump Inc and all its' subsidiaries?

He keeps demanding what other businesses need to do but.......

The guy has done good for my industry in regards to regulations pertaining to International business development and such but I am not naïve enough to think everything he does is good!!


Sincerely,
Theis
 
Hi,

How about this as a novel idea for Trump....

Lead from the front and bring ALL his business operations and manufacturing to the USA?
Lead from the front and revoke all H1B1 Visas currently authorized for Trump Inc and all its' subsidiaries?

He keeps demanding what other businesses need to do but.......

The guy has done good for my industry in regards to regulations pertaining to International business development and such but I am not naïve enough to think everything he does is good!!


Sincerely,
Theis
Wise words. Although there are two sides, one you have no chance it's good, the other you have a chance it's good. So you have to pick a side, like it or not. I choose the one where I have a chance.
 
I love the idea of bringing drug manufacturing back to the US, but I'm more than just a bit squeamish about having the federal government play kingmaker. That doesn't strike me as being particularly capitalistic.
Capitalism and the free market are dead for the most part and have been for some time. In the US
 
Hi,

How about this as a novel idea for Trump....

Lead from the front and bring ALL his business operations and manufacturing to the USA?
Lead from the front and revoke all H1B1 Visas currently authorized for Trump Inc and all its' subsidiaries?

He keeps demanding what other businesses need to do but.......

The guy has done good for my industry in regards to regulations pertaining to International business development and such but I am not naïve enough to think everything he does is good!!


Sincerely,
Theis

i gotta tell you, it sounds great what you suggest. here’s the problem....the SECOND trump said or did ANYTHING regarding his businesses, they’d be be all over his ass for using his office to benefit his business....whether it was legit or not. i think if he so much as made a phone call to suggest the lawn was looking shaggy at a golf course, they’d accuse him of something super evil and try to hang him for it.
 
Just remember... For every man that makes a Dollar in the Market, another man looses a Dollar.

Hobo
 

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And where is the SEC???🙄

You are joking right if SEC would be doing its job Musk be sitting behind bars and Tesla would be a nothing burger, thesedays even the most obvious pump and dumps by insiders don't get investigated (most recent are the ''vacine fraudsters' insiders made cca 200mio just on these pump and dump trades and the dumb fucking Robinhood traders never learn allways pile in like flys to a turd, insider trading has become new normal. I could list you a list of obvious insider trades pages long just from the past 3-4 months.

Moderna doesn't even have a product yet just pumping the stock with SM posts and tweets ,note they are just selling ,lets just say maybe they know vaccine they are touting might not pan out and stock will crash soon after.
Ed7iN6kWsAAhftU



Rule of law doesn't exist newer has, never will its just an illusion to keep the plebs inline

These days only the most inept fraudsters get caught like this guy .That is before Munchin writes of the PPP loans

https://www.justice.gov/opa/pr/flor...-lamborghini-sports-car-charged-miami-federal

 
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You are joking right if SEC would be doing its job Musk be sitting behind bars and Tesla would be a nothing burger, thesedays even the most obvious pump and dumps by insiders don't get investigated (most recent are the ''vacine fraudsters' insiders made cca 200mio just on these pump and dump trades and the dumb fucking Robinhood traders never learn allways pile in like flys to a turd, insider trading has become new normal. I could list you a list of obvious insider trades pages long just from the past 3-4 months.

Moderna doesn't even have a product yet just pumping the stock with SM posts and tweets ,note they are just selling ,lets just say maybe they know vaccine they are touting might not pan out and stock will crash soon after.
Ed7iN6kWsAAhftU



Rule of law doesn't exist newer has, never will its just an illusion to keep the plebs inline

These days only the most inept fraudsters get caught like this guy .That is before Munchin writes of the PPP loans

https://www.justice.gov/opa/pr/flor...-lamborghini-sports-car-charged-miami-federal


Yes. That was a joke and you are absolutely right about others that have skated by with just a slap on the wrist or no consequences at all.
 
I honestly believe that you have to pull a Madoff scheme before anyone will even look into your fraudulent dealings. Who knows; maybe today you could get away with something like that.
 
I got in at $24, I forgot about and missed the opening. Also, trading was odd, was getting errors trying to buy market, so just set a limit and it processed.
From Market Watch:
Bearish short sellers—in Wall Street parlance—got their faces ripped off by Eastman Kodak stock over the past two days. It sounds brutal, but it’s common Street-jargon. It also appears to be a fair description for what just happened to the bears. The short squeeze has been epic.
_____
Just short it at $30 , ride it down to $15 and double your money......

Hobo
 
From Market Watch:
Bearish short sellers—in Wall Street parlance—got their faces ripped off by Eastman Kodak stock over the past two days. It sounds brutal, but it’s common Street-jargon. It also appears to be a fair description for what just happened to the bears. The short squeeze has been epic.
_____
Just short it at $30 , ride it down to $15 and double your money......

Hobo
Like a rock..........

 
Now all whim and emotion. Kodak was near dead. Now it has steady long term growth in it's future. The people in at 50 may be losers today but will they be in five years?
 
Just remember... For every man that makes a Dollar in the Market, another man looses a Dollar.

Hobo
But the person who loses a dollar gains whatever product or service they purchased. The free market is a positive sum game. Your religion of the state is the real definition of negative sum game you’re talking about
 
Will be interesting to see all the bag holders on this one. As the insiders slowly unload their stock at record prices before the bad news on vacines efficacy hit the floor. Meanwhile, insider trading is the new norm fully endorsed by DJT

Big Pharma Will Be Exempt from COVID-19 Vaccine Liability Claims
A senior executive from AstraZeneca, Britain's second-largest drugmaker, told Reuters that his company was just granted protection from all legal action if the company's vaccine led to damaging side effects. This is a unique situation where we as a company simply cannot take the risk if in ... four years the vaccine is showing side effects," said Ruud Dobber, a top exec at AstraZeneca. "
In the contracts we have in place, we are asking for indemnification. For most countries, it is acceptable to take that risk on their shoulders because it is in their national interest," said Dobber, adding that Astra and regulators were making safety and tolerability a top priority.

European officials told Reuters that product liability was a significant discussion to secure new vaccine drugs from Pfizer, Sanofi, and Johnson & Johnson.

As for the US, well, when it comes to the legal framework around vaccines, the US Food and Drug Administration (FDA) already has a law called the Public Readiness and Emergency Preparedness (PREP) Act, which provides immunity to vaccine companies if something goes wrong.

With AstraZeneca, and many US big pharma companies rushing COVID-19 vaccines to market with governments granting them immunity if the vaccine has side effects, all suggest corporate elites and government regulators have very little faith in these drugs.

Maybe these rushed vaccines are more for optics, get consumers back into airplanes, hotels, resorts, and malls.
The major red flag is how governments are allowing big pharma to rush experimental vaccines, with no legal recourse if something goes terribly wrong.

A highly anticipated clinical trial for a potential COVID-19 vaccine managed in part by the American drug company Moderna has resulted in some adverse effects in more than half of the trial's participants, with one test group reporting "severe" symptoms.


Kodak — after its Crypto-Scheme in 2018 Caused Shares to Surge 300% Before Recrashing — Gets Trump-Pump Worth 2,190% Before Recrashing

People who have been around this zoo for an additional two years remember that Kodak last was infamous for a crypto-insider-stock-grant scheme when it announced on January 9, 2018, that it would create its own crypto, called KodakCoin, which at the peak of the crypto-idiocy, caused its stock to quadruple in two days, from $3.10 to $12.40, before it re-collapsed. As you’d expect from an outfit like this, on January 8, the day before the announcement, seven independent directors had awarded themselves huge stock grants.
So, on Monday, Kodak’s shares [KODK] closed at $2.62, up 25%. On Tuesday, President Trump’s announcements started. By Wednesday morning, shares hit $60 for a microsecond, a 2,190% gain in less than two days, before giving up nearly half of it and closing at $33.20. This chart shows the daily action, including the effects of the KodakCoin-scheme:


US-Kodak-shares-2020-07-29-2yr.png



At the White House briefing, Trump said, “Today my administration has taken a momentous step toward achieving American pharmaceutical independence — a very, very big, big step — a focus of our campaign to bring America’s critical supply chains and medical manufacturing back to the USA. We’ve been working on this for a long time.”

And after a lot of blah-blah-blah, the President got to the nuts and bolts: “Kodak will now produce generic active pharmaceutical ingredients, which is a big deal. Using advanced manufacturing techniques, Kodak will also make the key starting materials that are the building blocks for many drugs in a manner that is both cost-competitive and environmentally safe. We’ll be competitive with almost all countries, and soon with all countries.” Etc. etc.

And Robinhood traders converged on it. Shares soared from $2.62 on Monday to $7.94 on Tuesday at the close. On Wednesday, they opened at something like $18 and under huge volume shot to $60 for a microsecond, a 2,190% gain in less than two days. Then the shares began to melt. This is today’s action:

I sure would like to know who put that bug into his ear. And who bought those shares before the announcement because clearly, some people did. On Monday, the day before Trump’s announcement, trading volume, at 1.64 million shares, was 22 times the volume on Friday and 20 times the volume on Thursday, and the price jumped by 25%. Under the magnifying glass – the two weeks just before the announcement:

US-Kodak-shares-2020-07-29-2wk.png


Hopefully these insiders – along with totally panicked short-sellers – unloaded their shares into the apps of Robinhood accounts at $40 or $50 or $60 – the lucky one.

This outfit (KODAK) that tried to pull a fast one with a crypto scheme will maybe get a $765 million loan from taxpayers to start a company that maybe will manufacture all kinds of pharmaceutical products, or base materials for pharmaceutical products, without ever having manufactured a single pharmaceutical product. OK, no biggie, these are just generic products. It’s not like they’re trying to invent anything.


There are so many amazing aspects to this story: The traders that hit that stock like a swarm of locusts, the brazen insider-trading the day before the President started pumping the stock, and not just pumping it verbally but by promising $765 million in taxpayer money to a company that has been limping along and declining since it emerged from its Chapter 11 bankruptcy in 2013. And this company is supposed to start a new division to make pharmaceutical products with zero experience in making pharmaceutical products.

This is what happens when the government borrows something like a trillion dollars every two months and throws it in every direction, with the President personally getting into the trenches and throwing his share too. .
 
Kodak Granted Chairman 1.75 Million Options The Day Before Trump's $765 Million Loan To Company

The day before a $765 million loan from the government was announced, Kodak granted its executive chairman Jim Continenza 1.75 million options as the result of what is being called an "understanding" with the Board of Directors
. The options had not been listed in his employment contract, nor were they made public, according to Reuters.

The announcement of the loan the next day took shares of Kodak from about $2.50 on Monday to, at one point, $60. Shares now trade at $22. Kodak's executive chairman's options are now worth tens of millions of dollars, as a result.


They were reportedly granted to "shield Continenza’s overall stake in the company from being diluted by a $100 million convertible bond deal clinched in May 2019".
The idea of granting options simply for this reason is unusual, as raising capital and the resulting dilution is a run-of-the-mill part of business and because options are usually for long-term incentives. For example, off the top of our heads, we cannot recall ever seeing an options issuance for this reason in the past.

Most companies have "wide latitude" in assigning these options but three corporate governance experts told Reuters that Kodak's move was "unusual".

Jim Continenza has $83 million reasons to smile


Sanjai Bhagat, a finance professor at the University of Colorado said: "The compensation committee’s job is not to protect the CEO from every adverse effect on the stock price. It’s to get the CEO to think about long-term value.”
Regardless, the approach is "permissible", according to the report. Kodak disclosed the award in an SEC filing, but one source says the options grant happened because of an "understanding with the board".
The company also granted options to three other executives on Monday, worth about $712,000 each.

The chairman's paper gains amounted to about $83 million at the end of this week, compared to $53 million in gains he would have made if it wasn't for his additional options. About 29% of the options he received on Monday vested immediately.
One person close to the company said: “The issue is the board wanted to make sure the CEO had the same economic alignment as was contemplated when he took the job.”
Kodak's spokeswoman said Continenza “is a strong believer in the future of the company, and has never sold a single share of stock.”
We bet he's an even stronger believer after Monday.
 
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A fundamental aspect of Communism is when the Government owns/controls the means of production. A fundamental aspect of Socialism is when The People/Workers own and control the means of Production. Capitalism is an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.

Which of the above three true statements most parallels what Trump is doing with Kodak? I'm just saying that this is not Capitalism.

VooDoo

Recieving a loan is not the same thing as government taking over the means of production.
I agree they are walking a tightrope here and I’m not thrilled by it by any means, but this is pretty far separated from communism.
 
I use many things as a financial "Barometer"... The stock market being one of them.

The run up over the past few months, to me, is simply an indicator of inflation. It's just taking more US Dollars (USD's) to buy something now as opposed to a year ago. There is nothing new in the market.

Hobo
 
Seems someone is not quite onboard with Chairman Trump , Republican communist party & Peoples Democratic Socialist party ideas where whole economy is directed by Government and Fed handouts to select oligarchs to be.


Kodak Government Deal On Verge Of Collapse: DFC Says "Recent Allegations Of Wrongdoing Raise Serious Concerns"
Ever since Reuters reported last week that Kodak had granted its Chairman, Jim Continenza, some 1.75 million options (in what appears to be less than an "arms-length deal" and as the result of what was called an "understanding" with the Board of Directors), just one day before the infamous $765 million loan from the government was announced on July 28, which was meant to transform the one-time photography titan (since bankrupt) into a China supply-chain alternative to produce pharmaceutical products in Rochester and at the company's facility in St. Paul, Minnesota, and which sent its stock price from $2 to $60 in two days....

Someone lost much of those 765 million and will continue to lose if the deal falls through.
kodk%202020-08-08_10-24-03.jpg

... making the Kodak chairman richer by tens of millions overnight, the stench of impropriety was spreading, sparking demands from Democrats for a probe of potential backroom dealings between the Trump administration and Continenza, and culminating with an alleged SEC probe last week into the legitimacy of the deal.

And now, just ten days later, it appears that the entire deal is on the verge of collapse with the government's International Development Finance Corporation tweeting late on Friday that.

Last Friday, Kodak announced that it will appoint a special committee to conduct an internal review of the process surrounding the company's agreement, although if the IDFC is indeed putting the deal on hold that may well be moot; the only question is whether any insiders and funds that liquidated stock and generated impressive overnight profits will be forced to clawback their gains.
 
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I listen but buy less than 1/2 of what any of them are trying to sell , But it is more than worth my time to vote one way or the other next year is going to be a gas . Then again every year your alive is a gas something always happens good or bad life goes on maybe .
 
From Market Watch:
Bearish short sellers—in Wall Street parlance—got their faces ripped off by Eastman Kodak stock over the past two days. It sounds brutal, but it’s common Street-jargon. It also appears to be a fair description for what just happened to the bears. The short squeeze has been epic.
_____
Just short it at $30 , ride it down to $15 and double your money......

Hobo

Couldn’t get any damn shares to short. I was trying to short 1,000 shares at $50, and kept trying to get shares all they way down into the $30’s.
 
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I dont give a damn about shares etc..... this president is trying everything he can do to revitalize and bring jobs back to this country. i have been to Rochester and the Kodak plant was dead as fried chicken. Beautiful city BTW. Just a damn shame the state is governed but liberal puppet asshats. infact the whole upper state of NY is really quite lovely. Probably why the clintons like it so much.
 
If anyone would be working on bringing jobs back, that would be done by investing into big infrastructural projects not by giving money to select corporations for vaporware and checks to folks sitting at home.
 
That’s not how that works.

Not sure if sarcasm
Shares of Eastman Kodak Co. KODK, -30.71% plummeted 45% in active premarket trading Monday, after reports the U.S. International Development Finance Corp. is withholding its planned $765 million loan after the deal came under regulatory scrutiny. The stock had rocketed 13-fold in two days, after it was announced on July 28 that the IDFC would provide Kodak a the loan to help produce the ingredients to maker generic drugs. Under question how Kodak controlled the disclosure of the loan, as the stock soared 25% in active trading the day before the news was reported, amid active stock option trading. Kodak disclosed on Friday that it appointed a special committee to oversee and internal review of recent activity by the company and related parties in connection with the announcement of the potential government loan. As of Friday's close of $14.88, the stock had pulled back 55% since July 29.
 
i gotta tell you, it sounds great what you suggest. here’s the problem....the SECOND trump said or did ANYTHING regarding his businesses, they’d be be all over his ass for using his office to benefit his business....whether it was legit or not. i think if he so much as made a phone call to suggest the lawn was looking shaggy at a golf course, they’d accuse him of something super evil and try to hang him for it.
Is that fundamentally any different than how they’re dealing with Trump already?
 
Ammo is slowly running out 5-6 trillion were already spent ,all the tax cuts broadened further (property tax cut) and now payroll tax cut is next, so you have to ask who is going to pay for all this shit and what has actually been gained except the wild stock market.
Meanwhile, you could have hundreds of billions worth of infrastructure projects started to boost the economy and these tend to generate large multiplier effects vs the money spent on Wall Street . Only reason to keep the WS afloat is to prevent a run on underfunded 401k
 
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Vaccine fraudsters at it again.

Moderna Neglected To Disclose Pentagon's Financial Support In Applications For More Than 100 Patents

Despite receiving nearly $1 billion in taxpayer money via "Operation Warp Speed", the drugmaker is planning to charge as much as $37 for a single dose, or up to $60 for two courses, of its experimental mRNA COVID-19 vaccine. That's far and away the highest price point disclosed yet.

Patent advocacy group KEI is taking Moderna and its executives to task for neglecting to disclose government funding received by the company during its early stages, before the coronavirus pandemic.

Despite receiving $25 million from the Department of Defense's "Defense Advanced Research Projects Agency" - or "Darpa" - Moderna has never disclosed this, or any other, government funding in its applications for 126 patents and 154 patent applications. KEI has lodged a request with the DoD and Darpa to remedy this in patents.

As KEI points out, Moderna's "failure" to disclose its government funding could have serious consequences for Americans hoping to get their hands on an affordable vaccine. The disclosures could affect everything from the US government’s worldwide royalty free license, to the public’s march-in rights, to obligations to make inventions available to the public on reasonable terms.

When approached by the FT, Darpa confirmed that Moderna was required in its contracts to disclose the funding in any patent applications that stemmed from research that the US government helped fund.

Now, Darpa is actively looking into which Moderna patents may have been produced with Darpa support, so the US government can take credit where credit is due.

Now, keep in mind that Moderna is trying to charge as much as $37 per dose for its vaccine, when the vaccine being developed by AstraZeneca and the University of Oxford is priced at about $3 per dose.

Maybe Moderna can make amends for these mistakes by cutting the price its charging the US government for a vaccine that it developed with the help of a massive infusion of government money?