Kerrisdale Capital and their CIO Sahm Adrangi have recently issued a very negative report on the Kodak Eastman Company and their two announced products KodakOne and KodakCoin. This does not fair well for the company that has been struggling considerably for the last several years. If Sahm Adrangi, who has a long history of successfully shorting the stocks of companies that he believes are engaging in poor business practices or outright fraudulent, is correct, Kodak Eastman knows that their new products are doomed for failure.

With Kodak constantly looming around the edges of bankruptcy, it’s understandable why so many people believe that they are making their final efforts to keep bankruptcy at bay for just a little longer at the expense of their investors. Cryptocurrency has been getting a lot of attention in both the media and the investment world as of late and KodakCoin appears to be trying to join the craze to make a quick buck. If Sahm Adrangi is correct, their new products KodakOne and KodakCoin will not only fail but probably never even reach their final stages of development due to considerable problems technically and legally.

Sahm Adrangi graduated from Yale University in 2003 and is the founder and chief executive officer of Kerrisdale Capital Management. Sahm Adrangi is known for publishing his research on companies and arranging short sales of stocks. He has been able to predict the failures of several different companies and has made considerable amounts of money by short selling these companies’ stocks. He recently made the news for the successful short sales of 2 different pharmaceutical companies that were developing drugs with little to no positive effects for the patients that would be taking them. He published his research on these companies and their medications while they were still in the research phase.

Sahm Adrangi has made a fortune for himself and his investors by making these predictions. With news organizations like CNBC reporting on his negative report on Kodak, it seems like it may only be time before the inevitable happens and Kodak claims bankruptcy.

http://fortune.com/2016/04/21/sahm-adrangi-kerrisdale-short-sale/