Old Kodak Becomes Cryto-Star

Kodak shares screamed up 119% yesterday after announcing at the Consumer Electronics show in Las Vegas that it intends to do an Initial Coin Offering to raise up to $20 million create Kodak Coins on the Ethereum blockchain that will allow photographers to register their pictures on the blockchain in order to protect their copyrights.

The ICO will be conducted as a private placement, will open on January 31, 2018 and will be open to accredited investors from the U.S., UK, Canada and other select countries. ”

“Kodak [also] maintains a coin mining operation at its headquarters in Rochester, New York, and has licensed its name to server computer hardware used to mine coins, giving it a potential source of revenue in the mining of the Kodak Coins.”

https://www.barrons.com/articles/kodak-ceo-blockchain-significant-though-not-a-doubling-in-stock-price-1515544067

About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
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