Eastman Kodak introduced on January 30 that the release in their KODAKCoin cryptocurrency can be behind schedule thus far. overview the standing of attainable traders. The prolong was once introduced the day prior to the release of the Preliminary Coin Providing (ICO), in keeping with the January nine press liberate.
As defined at the corporate’s web site, Kodak intends to release an ICO providing safety tokens as “exempt be offering” – which means the corporate does no longer will have to no longer sign in its ensure with the SEC (Securities and Trade Fee), however simplest “accepted traders” can take part within the ICO. The SEC calls for that an accepted particular person investor has a web price more than $ 1 million, or an annual source of revenue of no less than $ 200,000, in addition to different prerequisites.
The corporate claims to wish “a number of weeks” to ensure accepted traders “standing of those that have carried out to spend money on the ICO, which Kodak studies is greater than 40,000 folks
Doable traders from out of doors the US might be regarded as in keeping with their native jurisdictions, the compa big apple added.
In keeping with Marketwatch, Kodak inventory costs ( KODK) rose sharply after the discharge of the click liberate on January nine, emerging from three.1 to almost $ 11 the next day to come, on the other hand, after the announcement of the prolong on January 30, the inventory value fell through greater than 18% and continues to say no on February 1.