{"id":62210,"date":"2018-02-09T00:43:26","date_gmt":"2018-02-09T05:43:26","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=62210"},"modified":"2018-02-09T00:46:52","modified_gmt":"2018-02-09T05:46:52","slug":"kodak-shares-are-headed-to-zero-short-selling-hedge-fund-says","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2018\/kodak-shares-are-headed-to-zero-short-selling-hedge-fund-says.html","title":{"rendered":"Kodak Shares Are Headed to Zero, Short Selling Hedge Fund Says"},"content":{"rendered":"<p>(Bloomberg) Blockchain has the potential to solve a lot of problems, but copyright infringement in the photography industry &#8212; the issue Eastman Kodak Co. has said it\u2019s tackling &#8212; isn\u2019t one of them, according to one short seller.   Kerrisdale Capital Management is betting that the once-dominant imaging company may face default and a debt restructuring in the next year-and-a-half, and proceeds from the firm\u2019s initial coin offering aren\u2019t going to change the outcome.   \u201cNo photographer would rather be paid in KodakCoins over real money,\u201d according to a report Wednesday from Kerrisdale, a hedge fund known for moving stocks with its outspoken calls. \u201cIt\u2019s a last-ditch stock promotion gambit for a company hurtling towards bankruptcy.\u201d<\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-02-07\/kodak-shares-are-headed-to-zero-short-selling-hedge-fund-says\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) Blockchain has the potential to solve a lot of problems, but copyright infringement in the photography industry &#8212; the issue Eastman Kodak Co. has said it\u2019s tackling &#8212; isn\u2019t one of them, according to one short seller. Kerrisdale Capital [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-62210","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/62210","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=62210"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/62210\/revisions"}],"predecessor-version":[{"id":62211,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/62210\/revisions\/62211"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=62210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=62210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=62210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}