DFC Says It’s Deal With Kodak Is On Hold
Written by DJ Sight on August 10, 2020
I wonder how those Kodak stocks will be looking this next after the U.S. International Development Finance Corporation announced that it’s deal with Kodak is put on hold until things get cleared up with the insider trading suspicion.
Back in July Kodak received the Federal Loan for $765 million dollars to go in the pharmaceutical business and produce ingredients for generic drugs in the US.
After some suspicious activities with the CEO Kodak and his stock options with the company has raised eyebrows with a few important people.
The deal was supposed to allow Kodak Pharmaceuticals to create 300 jobs in Rochester to produced the generic drugs.
Kodak just can’t get a break it’s going to be interesting to see the outcome of this situation.
