Sahm Adrangi is the launcher of Kerrisdale capital management. He is also the Chief Investment Officer in the firm. The firm was founded in the year 2009. Sahm Adrangi has been in the center of the firm’s development since when it was established. Adrangi is famous for his involvement in short selling and publishing research.
Kerrisdale capital management targets on long-term value investment and unique event-driven occurrences. Sahm Adrangi believed that KADAcoin and KODAKOne were critically crippled and would never offer any material benefit for Kodak stakeholders. Adrangi received a bachelors degree of arts in Economics from Yale University.
Members of KODAK Board of Directors have granted themselves a restricted stock contrary to the company’s requirements. According to Sahm Adrangi, the scenario happened a day before the publicization of the of KODAKOne establishment.
Sahm Adrangi also has a negative report about Eastman Kodak Company.
He says that Kodak publicized partnership is not able to do anything to save the company from declining revenues. Sahm also claims that WENN digital inn which is the leading developer of KODAKOne, and its strategic advisor on the KODAcoin ICO Appcoin innovation inc are companies with a dubious background mostly.
Kerrisdale capital has also published a negative report complaining about its short position in Eastman Kodak Company. It is an imaging and commercial printing company whose stock has risen by 187%.
This is after announcing a partnership to start up a blockchain. This is by enabling a photo-centric cryptocurrency and image licensing platform.
Sahm Adrangi believes that the announcement is hollow and are trying to chase ICO craze that has nothing to do to offsets Kodak’s unsustainable capital structure and weak fundamentals.
Kodak faces a lot of problems such as significant debt maturities, liquidity is tightened and also restrictive debt covenant while finances fall in a free manner.