Sahm Adrangi states that KODAKOne and KODAKCoin do not function correctly and that they cannot benefit Kodak shareholders. He added that the rise of shares is not yet justified. Sahm said that the lead developer of KODAKOne which happens to be WENN Digital Inc., as well as KODAKCoin ICO, which is the strategic advisor of the company have flawed backgrounds. Another company that offers advisory services that is said to have a dubious history is AppCoin Innovations Inc.
A day before making an official announcement about launching KODAKOne, the board of directors of the company granted restricted stock. Mr. Adrangi said that the act of granting the restricted stock seems highly suspicious that draws an SEC investigation. Sahm Adrangi noted that the partnerships which were announced by Kodak are not likely to save the firm in case of negative flow of cash or a decline in revenues earned. Kerrisdale Capital is set to benefit in case the share price of Eastman Kodak Company falls.
Kerrisdale shares vital information on developing, well established as well as non-performing companies. The company’s insights want to encourage or discourage people from investing in stocks of particular companies. If research says that a company is growing and is gaining ground, Sahm shares this information with the public so that they can invest in it and makes huge returns after a short period. He has researched many biotechnology companies such as Zafgen, Sage Therapeutics, Unilife, Bavarian Nordic and many others.
Kerrisdale has also written reports on many telecommunication companies giving insights on big companies like Globalstar, ViaSat Inc as well as Dish Network. When it comes to the mining sector, Sahm Adrangi has given prospects and market valuations of some of resources companies. First Majestic Silver and Northern Dynasty minerals are some of the companies in the sector he has focused. Sahm has also exposed many other fraudulent companies such as the China Marine Food Group, Lihua International, and China-Biotics. Kerrisdale research and insights have benefitted many investors across the world.
Mr. Sahm attended Yale University where he attained a degree in economics. He began his career at Deutsche Bank where he worked for some years. He later moved to work at Chanin Capital Partners. Sahm Adrangi has also worked at Longacre Management. He is also an international speaker who has given speeches at major investment conferences such as Sohn Conference and the Activist Investor Conference.