16 Apr

Eastman Kodak Is Under Fire By Sahm Adrangi Of Kerrisdale Capital

Eastman Kodak is a longtime printing and photography corporation that was a former giant in the industry with over 100 years of experience under their belt. Today, the company is largely under speculation within the investment industry thanks to investors like Sahm Adrangi. Sahm is a reputable investor that stated up Kerrisdale Capital, a private investment managing company. Kerrisdale recently released a report on Eastman Kodak discussing why they are problematic despite the 187 percent increase in company stock value. This increase took place after the company’s announcement to partner up with a cryptocurrency group that allowed them to launch their own image-licensing platform that is blockchain-enabled.

Based on the current issues that face Eastman Kodak, which is largely the same issues they faced 6 years ago when they almost hit bankruptcy, these attempts at taking advantage of the crypto craze is nothing short of a scheme. Sahm Adrangi calls into question the integrity of the company’s management when they are not even attempting to fix their current issues, which should be apparent to this longtime company. Despite these recent partnerships and image-licensing technologies, Kodak has not gained any public attention, which will lead to a decline in revenue again.

The unjustified hype of their shares has also taken hold of many investors that investing before doing proper research in the company, which is why Sahm Adrangi is working to release reports on these problematic companies. Kerrisdale Capital backs up their statements 100 percent, which is also why they currently stand to profit in the face of Kodak’s failure. As CIO for Kerrisdale Capital, Sahm Adrangi is always certain of his decisions and research into a company’s background and this has led to many investors waiting for his advice before making big investments in the first place. Thanks to Sahm Adrangi’s investment decisions, Kerrisdale Capital has accumulated hundreds of millions of dollars over the years, investing in many different companies around the globe.

https://www.bloomberg.com/research/stocks/private/person.asp?personId=252047507&privcapId=109092301&previousCapId=109092301&previousTitle=Kerrisdale%20Capital%20Management%20LLC

12 Apr

The Operators of The Frontera Fund Respond to Trump’s Pardon of Joe Arpaio

Michael Lacey and Jim Larkin are only two of the hundreds, possible thousands of victims of former Sheriff of Maricopa County, Arizona: Joe Arpaio. Lacey and Larkin are journalists who previously wrote for the Phoenix New Times, which they also owned. Michael Lacey, Jim Larkin, and their newspaper had been focusing their efforts on getting Joe Arpaio out of office for a very long time. Their journalistic efforts nearly got them in a lot of trouble, but ultimately caused a large settlement to be awarded to them. Learn more about Michael Lacey and Lacey: http://www.bizjournals.com/phoenix/potmsearch/detail/submission/6427427/Jim_Larkin and http://james-larkin.com/press/

The journalists and the many other victims, for just a brief moment, believed their troubles were behind them in July of 2017. Joe Arpaio was charged and convicted with criminal contempt of court. But, before victims could be awarded justice at sentencing, Donald Trump pardoned Joe Arpaio.

The move by Trump didn’t exactly come as a surprise. Joe Arpaio and Donald Trump have a very similar fan bases, and Donald Trump had suggested the possibility of pardoning Joe Arpaio already. As you can imagine, victims of Arpaio are livid. They expected justice but got none.

In response to the pardoning, Michael Lacey listed out the alleged crimes of Joe Arpaio: Running a concentration camp, racial profiling, torture, battery, and negligent homicide. The fact that Joe Arpaio was only convicted of contempt of court is a “failure of the justice system,” according to Michael Lacey.

So how did Joe Arpaio manage to remain Sheriff of Maricopa County for over two decades? By intimidating, smearing, and threatening his political opposition. Arpaio even abused his power in order to prosecute political rivals. In a recent interview conducted by the Phoenix New Times, Michael Lacey lists, in detail, the long list of crimes committed by Arpaio.

As previously mentioned, Lacey and Larkin were nearly sent to prison by Joe Arpaio but instead were awarded a near 4 million dollar settlement for the illegal arrest. Arpaio arrested them for publishing court documents in their paper, but the courts ruled that a citizen has the right to publish the content of a subpoena served to them. Arpaio believed he had successfully locked up two of his biggest critics but actually added fuel to their fire.

Using the cash from the settlement, Michael Lacey and Jim Larkin were able to create two new organizations. They created Front Page Confidential and The Frontera Fund. With the help of these two new organizations they are continuing their fight against Joe Arpaio.

The Frontera Fund is a charity working to correct the damage done by Arpaio, and Front Page Confidential is where they continue their journalistic efforts against him.