Perhaps there’s no community more steadfast than the congregation of coffee connoisseurs. Organo Gold, an enterprise offering top-tier coffee, tea, and wellness products, bonds coffee, tea, and beauty enthusiasts alike. Founded in 2008, Organo Gold aims to provide consumers with uncompromised, unparalleled, and world class products that foster health and boost productivity. Though their roots stem from coffee production, Organo Gold transcended the java realm when they introduced an all new products and robust line of products. From nutritional shakes and beauty bars to spore powder and grape seed oil, Organo Gold strives to enhance the well being of consumers.
As staunch supporters of organic farming, Organo Gold’s goods are made solely from natural ingredients. Some of their more recent creations that are taking the industry by storm include red teas, soaps, toothpaste, and body management supplements. While their teas bode well for the immune system, their body management products regulate stamina and performance. Moreover, Organo Gold’s toothpaste makes for a fresher and brighter smile, and the Ganoderma lucidum found in their soaps creates softer skin. Perhaps the strongest tool at their disposal is the Organo Gold’s King of Coffee.
Touted as the tastiest nutrient-rich instant coffee on the market, Organo Gold’s King of Coffee is second to none. Revered by their consumers, King of Coffee contains Ganoderma lucidum spore powder, an antioxidant that promotes wellness. No doubt a favorable ingredient, Organo’s Gold King of Coffee is both delicious and beneficial. Organo Gold’s amassed such a loyal following from consumers that they implemented their Organo Gold Independent Distributors policy. This policy enables consumers to sell signature coffee products and endorse their favorite beverages while earning financial rewards. No doubt a neat concept, Organo Gold is an idiosyncratic organization attempting to bolster the coffee community.
Sahm Adrangi is the Chief Executive Officer of Kerrisdale Capital. In a surprising turn of events, the CEO has issued a negative report relating to the prospects and performance of Eastman Kodak Company. Adrangi says that KodakOne and KodakCoin are smokescreens that will be blown away soon. The Kerrisdale executive does not mince his words relating to the developments in which Eastman Kodak has seen its shares rise by over 187%. Adrangi cautions that the spike in the shares owned by Kodak is not based on facts but mere hype. Mr. Sahm Adrangi, further, observes that Kerrisdale holds a short position in the company and is set to gain; if Kodak fails as it is expected in the near future.
The Negative Report
The Kerrisdale Capital CEO says that Kerrisdale Capital is sure of smiling its way to the bank owing to the mistakes that EKC has made. In a report issued vial CNBC, the CEO points out that the recent rise of EKC shares are baseless, and termed them as hot air. EKC offers printing and imaging services to commercial clients across the globe. Prior to the rise in share prices, Eastman Kodak had announced a partnership in which it was seeking to launch an image licensing cryptocurrency platform powered by blockchain technology. In the CNB report, the Kerrisdale official says that the whole venture is not but smoke and mirrors.
How Eastman Kodak Will Be Affected
According to the CEO of Kerrisdale Capital, Sahm Adrangi, and the company in general, the concept that Kodak was selling regarding KodakOne and KodakCoin was a hoax, and that the two entities were unlikely to give Kodak customers a return for their investments. Pundits say that if the prediction by the Kerrisdale team does come to fruition, Kodak will be subjected to a rude shock for its business. Mr. Sahm Adrangi clarifies that since his company holds a short position, they stand to gain from the backlash and failure by Kodak to deliver on its promised business ventures.
Kerrisdale Capital is a private equity services provider and an asset and investment manager in the USA. Kodak announced that it was launching a blockchain enabled licensing platform and a cryptocurrency. Kerrisdale says it does not believe, even for a second, what EKC are saying. Kerrisdale Capital specializes in long-term investments and an opportunistic venture at situations that are catalyzed by certain events. Although Kerrisdale has nothing to lose, it highlights that the practice demonstrated by the senior management at EKC is worth investigation by the SEC.