DID U.S. TAX DOLLARS FACILITATE INSIDER TRADING FOR KODAK WITH GOVERNMENT LOAN?
So this stinks to high heaven all the way down to perdition’s flames. The United States sometimes gives out loans to companies to facilitate the products to satisfy the public need. And that’s totally fine. The pandemic has created a LOT of need out there and there will only be more. And pharmaceutical ingredients will obviously be a big need moving forward. So it shouldn’t surprise us that the Trump Administration gave a $765 million loan to a company to produce those. But wait, the loan went to Kodak? WTF? They don’t make medical supplies! And even worse, they day before news of the loan hit the wires, Kodak’s stock went up a LOT. If that doesn’t sound like insider trading, I don’t know what does.
DINALD TRUMP AWARDED $765 MILLION LOAN, TOUTED CAMERA MAKER FOR PHARMA INGREDIENTS PRODUCTION
So what the hell is going on, here? Kodak Pharmaceuticals? Doesn’t exist. Well, until now. Because your tax dollars just “created” it. And no, Kodak doesn’t have the infrastructure to make pharmaceutical ingredients. But a lot of other companies do, and they didn’t get the loan. Why? Well, Trump touted Kodak’s “extraordinary leadership” and commented that they hired “some of the best people in the world to be taking care of that company and watching that company, watching over it.” Huh? What? What the hell does that even mean?
DAY BEFORE LOAN ANNOUNCEMENT, KODAK STOCK FROM $2.62 TO $42.88, WHICH STINKS TO HIGH HELL
But even more confusing, Trump never used his executive power to invoke the Defense Production Act to get companies to make things like masks and testing kits. And now that we are all truly up Covid shit’s creek, he gives a CAMERA COMPANY over three quarters of a billion dollars to make ingredients for pharmaceuticals? But it gets worse. Kodak stock averages trades of 52-215,000 shares a day. The day before the trade? 1,645,000 shares moved the day before the loan announcement. And the price? Before the loan news, a share cost $2.62. Now? $42.88. I don’t know about your math, but mine says that adds up to insider trading. And no one gave me a heads up.