Dash2 (OP)
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January 13, 2018, 05:39:58 PM
Last edit: February 01, 2018, 07:23:59 PM by Dash2 |
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Please beware, Kodak Coin is not created by Kodak, but they just lending name for it. Original coin that was about to Launch on Jan 5th, 2017 was RYDE COIN, since no takers they approached Kodak to use their name. Their is no backing by Kodak, other then letting WENN team use their name for new coin. Kodak lending name for bitcoin hardware also. https://www.coindesk.com/kodaks-cryptocurrency-already-presold/https://arstechnica.com/tech-policy/2018/01/kodak-apparently-re-branded-a-paparazzi-licensing-platform-as-kodak-coin/https://en.wikipedia.org/wiki/KodakCoinPlease share this post, it will save lot of users. |
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cioloxl
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January 13, 2018, 06:07:35 PM |
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That's some next level scam. I guess Kodak is getting really desperate after being irrelevant for the last 15 years or so. What were they even doing before this "endeavour"? |
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Reikun2
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January 13, 2018, 07:02:10 PM |
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matheussiq8
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January 14, 2018, 12:25:00 PM |
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That smells desperation from a company that doesn't really found a footing in contemporary times.
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rattle99
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January 14, 2018, 12:37:24 PM |
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Thanks for the info man! I would have never known.
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Dash2 (OP)
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January 14, 2018, 04:59:34 PM |
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Your Welcome Guys  Share this post on twitter/facebook. Lot of new users into crypto currency will end up falling prey to this. I have also read somewhere the agreement between WENN & KODAK is that Kodak has ZERO liability. In return of using their name they will get roughly 50% of the proceeds in this case 50% of $25 million that will be raised by ICO. This nothing but both pure greed & smart move by Kodak to cash on the Crypto hype. |
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Dash2 (OP)
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January 14, 2018, 08:59:49 PM |
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If anyone from WENN & Kodak are reading this.
Please DISCLOSE your agreement & terms in place.
Example: In lieu of using KODAK name what Kodak company will get in return from WENN.
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Dash2 (OP)
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January 20, 2018, 07:55:28 AM |
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Their is more information coming in, thanks to media journalists. https://www. google. ca/amp/s/www .marketwatch. com/amp/story/guid/F8C5F942-FC6A-11E7-8AB6-ABAEF652B326 Please spread the word, last thing we want is due to these crooks, bad name for all cryptocurrencies. Please share this page on Facebook, Twitter etc. |
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smyslov
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January 20, 2018, 07:59:22 AM |
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Interesting read, Kodak used to be a big company and giving us this kind of computation is the dumbest they have done, do they have a good a good mathematician or cryptocurrency experts to come up with that figure, I will not invest in this kind of scheme it's vague and not profitable in the long run. |
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Dash2 (OP)
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January 20, 2018, 08:08:01 AM |
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When Eastman Kodak announced it would launch a cryptocurrency token by partnering with a photo agency, the stock price rocketed.
Kodak, the imaging company with roots in old-school photography, announced the partnership at the Consumer Electronics Show in Las Vegas on Jan. 8 and its share price skyrocketed by nearly 250%, from $3.10 the day before the announcement to a closing price of $10.70 on January 10.
The buzz has subsided slightly but the shares are still up over 200% from the beginning of last week.
Now, thanks to a Securities and Exchange Commission filing, more is known about the planned partnership between Eastman Kodak Co. KODK-1.48% and Wenn Digital, parent company of a paparazzi photo agency Wenn Media.
Wenn Digital Inc. filed a Form D, the paperwork required for the KodakCoin initial coin offering, or ICO, with the SEC on January 16. Wenn Digital, not Kodak, told the regulator the total offering of $6.75 million, scheduled for Jan. 31, will be available in $50,000 minimum investments to qualified investors only.
Wenn Digital is headquartered in a shared office space in Santa Monica, California, above a smoke products shop and a T-Mobile store, according to a photo on Google Maps.
A phone call to the number listed on the filing was answered by a programmer, who referred calls to the London-based headquarters. A representative from Wenn Digital’s outside public relations firm, Weber Shandwick, emailed that the company had no further statements at this time.
The KodakCoin offering is said to be an “other” category security, a “sale and issuance of agreement to issue tokens” and is being offered under Rule 506(c). That’s an exemption to the Securities Act of 1934 that allows a company to broadly solicit and generally advertise an unlimited dollar amount offering and still comply with securities laws. The company only needs to make sure all the investors in the offering are “accredited” investors and needs to take “reasonable steps to verify that the investors are accredited” such as reviewing W-2s, tax returns, bank and brokerage statements, credit reports and similar income and asset statements.
Companies offering securities, in this case crypto tokens, under Rule 506(c) do not have to register their offering of securities with the SEC in the traditional way such as with an initial public offering via an S-1. All they need to do is electronically file Form D, a brief notice that includes names and addresses of the company’s promoters, executive officers and directors, and some details about the offering, but not much else.
Kodak and its officers names are nowhere on Wenn Digital’s Form D, but it does have the names of seven officers, two directors and is signed by an attorney. That team can also be found on the webpage that Kodak, who is licensing its iconic brand name to the initiative, posted to promote the initiative.
The filing says its previous name was Wenn Ryde Holdings. Wenn Media’s New York headquarters directed MarketWatch to email Wenn Digital CEO, Jan Denecke, in Germany. His email address has a Ryde.One extension. A phone message left for outside attorney Christina Gagnier, who signed the filing on behalf of Wenn Digital, was not returned.
A report by ArsTechnica said that KodakCoin seems to be a re-branding of an earlier initial coin offering called Ryde coin that is now defunct. The project had a page on the crowdfunding site Start Engine. Ryde coin was being pitched as late as early January as a way of expanding the licensing business of its creator.
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revvv
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January 21, 2018, 05:48:53 AM |
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I will be laughing at this thread soon like I did at similar threads for Ethereum, Power Ledger and many more. Kodak lending their name is not something done lightly. They take a lot of responsibility and they have to make sure they coin is legit valid product. A lot of companies didnt start well at the beginning and they just needed a partner to start properly.
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Dash2 (OP)
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January 21, 2018, 06:21:47 AM |
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I will be laughing at this thread soon like I did at similar threads for Ethereum, Power Ledger and many more. Kodak lending their name is not something done lightly. They take a lot of responsibility and they have to make sure they coin is legit valid product. A lot of companies didnt start well at the beginning and they just needed a partner to start properly.
Are you suggesting information above is fake? How can u be so stupid to compare Ethereum which was a new platform to this? Why you think they called off ICO just before launch? Please don’t be a laughing clown 🤡 in the town... At least read above they post. I am sure you are a puppet account of this kodakcoin scammer. |
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revvv
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January 21, 2018, 07:11:38 AM |
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I will be laughing at this thread soon like I did at similar threads for Ethereum, Power Ledger and many more. Kodak lending their name is not something done lightly. They take a lot of responsibility and they have to make sure they coin is legit valid product. A lot of companies didnt start well at the beginning and they just needed a partner to start properly.
Are you suggesting information above is fake? How can u be so stupid to compare Ethereum which was a new platform to this? Why you think they called off ICO just before launch? Please don’t be a laughing clown 🤡 in the town... At least read above they post. I am sure you are a puppet account of this kodakcoin scammer. I am not saying the information is fake, but you cant accuse it as a scam. It is public knowledge about the rebrand. They are not hiding it. Kodak rebranding a product is not something little, if they fail they are gone. This token is in accordance with U.S. federal securities laws requirements which not a fucking coin in existence does at the moment. About ethereum there were threads like this saying it was a scam just google, same stuff over and over. And you guys are easy to call things scam like you are accusing me to be a "kodak puppet" (Kodak is a real work company at least). Do you think Kodak wants to sell to you guys in bitcointalk LOL. You need to be a bloody credited investor because of the federal law.I am not a qualified investor. I think you have to put at least $50k and be a credited investor (millions of net worth) This coin has no market here on this forum. I am not shilling and I wont be able to invest because of the requirements so bad luck. |
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sxafir
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January 21, 2018, 07:17:28 AM |
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Exchange dev?
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Dash2 (OP)
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January 24, 2018, 03:39:48 PM |
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Dash2 (OP)
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February 01, 2018, 07:23:06 PM |
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dzkrb1966
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February 01, 2018, 07:31:53 PM |
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Today in the news I saw information about this coin. A well-known brand that has long worked on the international market has decided to increase its capitalization. The lights knew that this attracted the attention of tax and other organizations, but went to this rather brave step, proving that this is not fraud.
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dr8k_
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February 01, 2018, 07:50:36 PM |
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wow.. good save, my friend was really interested in this "Kodak" brand hype. thank you for the info! you deserve a cookie |
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