Kodak’s stock tumbles yet again, immediately after disclosure that investors have converted financial debt into approximately 30 million typical shares

Published

3 years ago

August 3, 2020

Tesla stock surges after Piper Sandler boosts price target above $2300

Shares of Eastman Kodak Co.
KODK,
-25.46%
had been down 24% in afternoon investing Monday, placing them on monitor for a 3rd straight double-digit proportion decline, right after the electronic printing and film business, which is getting into the pharmaceutical-components enterprise, disclosed that holders of convertible notes had been exercising their right to convert individuals notes into frequent inventory. The inventory has now dropped 50% considering the fact that skyrocketing sixteenfold in three days to $33.20 on July 29, after the Trump administration introduced on July 28 that Kodak had been given a $765 million bank loan as component of a Protection Output Act directive to loosen the reliance on overseas sources for pharmaceutical substances. In an 8-K filing with the Securities and Exchange Fee on Monday, Kodak explained the holders of the 5.00% convertible notes owing 2021, which ended up issued in May well 2019, are transformed a total of $95 million of the notes into 29.9 million shares of Kodak widespread inventory, on July 29. That would indicate a benefit of $3.175 for every converted share, when the stock was at this time trading at $16.58. On July 27, Kodak granted Chief Govt James Continenza options to obtain Kodak inventory at various strike costs, which are now all in the dollars, to “protect” him from dilution of his share holdings, in case the convertible credit card debt issued in Might 2019 were being transformed into inventory. Kodak’s inventory has now rallied just about fourfold (up 256.6%) calendar year to day, even though the S&P 500
SPX,
+.79%
has attained 2.%.

Goodwin Townsend

General internet buff. Hardcore music maven. Typical foodaholic. Friendly student.

Portuguese historical films will premiere on 29 December.

Published

3 months ago

December 20, 2022

Herb Adkins

Portuguese historical films will premiere on 29 December.

Method Media Bermuda will present the documentary FABRIC: Portuguese History in Bermuda on Thursday, December 29 at the Underwater Research Institute of Bermuda.

A spokesperson said: “Method Media is proud to bring Bermuda Fabric: Portugal History to Bermuda for its 5th and 6th showing at the Bermuda Underwater Observatory. In November and December 2019, Cloth: A Portuguese Story in Bermuda had four sold-out screenings. Now that Bermuda has reopened after the pandemic, it’s time to bring the film back for at least two screenings.

“There are tickets Ptix.bm For $ 20 – sessions at 15:30 and 18:00. Both screenings will be followed by a short Q&A session.

Director and producer Milton Raboso says, “FABRIC is a definitive account of the Portuguese community in Bermuda and its 151 years of history, but it also places Bermuda, Acors and Portugal in the world history and the events that have fueled those 151 years.

“It took more than 10 years to implement FABRIC. The film was supported by the Minister of Culture, the Government of the Azores and private donors.

“Bermuda Media Method [MMB] Created in 2011 by producer Milton Raposo. MMB has created content for a wide range of clients: Bermuda’s new hospital renovation, reinsurance, travel campaigns, international sports and more. MMB pays special attention to artistic, cultural and historical content.

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#History of Bermuda #A photo #Portuguese

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Herb Adkins

Proud web evangelist. Travel ninja. Creator. Freelance food nerd. Passionate bacon fanatic.

CRISTANO RONALDO CAN MAKE UP A GIANT IN CARIOCA AND PORTUGUESE TECHNICIAN SAYS ‘There will be room’

Published

3 months ago

December 20, 2022

Herb Adkins

CRISTANO RONALDO CAN MAKE UP A GIANT IN CARIOCA AND PORTUGUESE TECHNICIAN SAYS 'There will be room'

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Herb Adkins

Proud web evangelist. Travel ninja. Creator. Freelance food nerd. Passionate bacon fanatic.

Maestro de Braga is the first Portuguese in the National Symphony Orchestra of Cuba.

Published

3 months ago

December 19, 2022

Herb Adkins

Maestro de Braga is the first Portuguese in the National Symphony Orchestra of Cuba.

Maestro Filipe Cunha, Artistic Director of the Philharmonic Orchestra of Braga, has been invited to conduct the Cuban National Symphony Orchestra, as announced today.

According to a statement sent by O MINHO, “he will be the first Portuguese conductor to conduct this orchestra in its entire history.”

In addition to this orchestra, the maestro will also work with the Lyceo Mozarteum de la Habana Symphony Orchestra.

The concerts will take place on 4 and 12 March 2023 at the National Theater of Cuba in Havana.

In the words of the maestro, quoted in the statement, “these will be very beautiful concerts with difficult but very complex pieces” and therefore he feels “very motivated”.

From the very beginning, Rachmaninoff’s Piano Concerto No. 2 will be performed by an Italian pianist (Luigi Borzillo), whom the maestro wants to bring to Portugal later this year. In the same concert, Mendelshon’s First Symphony will be performed.

Then, at the second concert, in the company of the Mexican clarinetist Angel Zedillo, he will perform the Louis Sfora Concerto No. 2. In this concert, the maestro also conducts Tchaikovsky’s Fifth Symphony.

“This is an international recognition of my work. An invitation that I accept with humility and great responsibility. I was surprised to learn that I would be the first Portuguese member of the Cuban National Symphony Orchestra. This is a very great honor,” the maestro said in a statement.

“I take with me the name of the city of Braga and Portugal with all the responsibility that goes with it, and I hope to do a good job there, leaving a good image and putting on great concerts. These will be very special concerts because, in addition to performing pieces that I love, especially Rachmaninov and Tchaikovsky, I will be directing two wonderful soloists who are also my friends. It will be very beautiful,” concludes Filipe Cunha.

Herb Adkins

Proud web evangelist. Travel ninja. Creator. Freelance food nerd. Passionate bacon fanatic.