Category Archives: Coming To The Stock Market

Kerrisdale Capital And Sahm Adrangi Release Negative Report Concerning Kodak’s Latest Stock Prices

Sahm Adrangi is the head director at Kerrisdale Capital, a management and investment firm that operates in the private sector. Sahm and Kerrisdale Capital released a report recently on their thoughts of the Kodak Company and their recent dramatic rise in stock prices. While Kodak has been in the industry for many decades and has been highly successful at one point, today they are on the low end with lacking technology to meet the competitive market’s needs.

Eastman Kodak made an announcement that they were in partnership with a cryptocurrency group, which saw their stocks rise tremendously the following day. Unfortunately, Sahm Adrangi believes that this announcement timing was an attempt by Kodak to profit off the initial interest due to cryptocurrencies effect on the market these days. Kerrisdale’s report explained that this was a shady business practice that was nonsensical and was designed by a management team with zero credibility. Sahm also believes that despite this last attempt at recouping funds, Kodak will ultimately fall anyway because of their lacking technology and business fundamentals which will not produce results or profits.

Kerrisdale is standing in the short position on Kodak, which means they will profit in the instance that Kodak shares decline. Sahm Adrangi held a conference to discuss this report on Kodak in February.

Sahm’s experience is attributed to his strong educational background coming from Yale University and the many years he has spent in the practice today. He has taken Kerrisdale Capital from a million dollar company to assets surpassing more than 150 million dollars today. Sahm Adrangi learned a great deal during his time at prestigious investment companies such as Chanin Capital Partners and Longacre Management Fund. Sahm Adrangi will continue to use his investing insight to build Kerrisdale Capital and find the most profitable companies to invest in. Kerrisdale has also made a habit of issuing report son good and bad companies to get involved in, including Kodak.

https://seekingalpha.com/article/4052332-conversation-former-hedge-fund-analyst-long-shares-gnc

PULSE Evolution to go Public and Aims High

Pulse Evolution Corporation announced their plan to go public and be listed on the national stock exchange. The company is known for the production of hyper-realistic digital humans, most notably in the likeness of Michael Jackson and Tupac. The company reported their second quarter’s operating expenses for the three and six month periods, totaling $3,452,673 and $7,024,761. Although seemingly high, a large portion of these expenses are contributing to the production of digital assets for future use in the technological and entertainment industries. The company also develops software and strategies to further project their assets into the virtual reality and artificial intelligence fields. Pulse.co says that net loss for shareholders during these periods were $3,292,373 ($0.03 per share) and $6,511,536 ($0.05 per share).

Pulse is acknowledged for its innovation in creating photo realistic digital humans, featured in works such as “Benjamin Button” and “Jack the Giant Slayer”. They are also recognized for their work on digital human performances. The 2014 Billboard Music Awards featured a live performance of a digital human in the likeness of Michael Jackson. In 2012, during the Coachella Music Festival, they made headlines when their rendering of a virtual Tupac took the stage and performed along side Snoop Dogg and Dr. Dre. The company believes their future digital humans will provide engaging human interfaces for applications, classrooms and wearable augmented reality glasses. The company strives to make digital humans present in society, and bring a human form to otherwise digital mediums.

Executive Chairman John Textor stated he was “extremely pleased” with the outcomes of Pulse from their early development stages and with the direction the company is taking. Textor believes the next steps for the company are to further advance the use of digital humans. They will continue to produce them for use in education, entertainment and telecommunication. Due to dedicated and strategic investors, Textor considers the company “to be a leading developer of virtual reality and artificial intelligence.” Textor also believes the company is ready to be “recognized on a national exchange” and he “looks forward to the next stage of development.”