Eastman Kodak Company (KODK): Gone in a Flash [pdf]

From the article:

"We are short shares of Eastman Kodak Company (“Kodak”, NYSE: KODK), a 138-year old commercial printing and imaging company whose stock has more than doubled since announcing a blockchain and cryptocurrency licensing partnership."

"Every groundbreaking innovation that captures market fascination has talented developers who apply the technology in a thoughtful manner. It also has imposters, looking to trade on the promise of the technology without any legitimate chance of delivering. Kodak has licensed its brand to the latter. [...] Eventually, possibly as soon as the next time Kodak reports earnings, a share price levitating on the hopes of blockchain technology will give way to the gravity of dying, old-world fundamentals."