Thread by @arapaho415

@mopeng @Archivist1000 1/ To answer @Archivist1000, "'I’d be looking at who was buying that thing yesterday [Jul 27, 2020]. If there was some insider buying happening, that’s interesting knowing it’s this type of headline... (con't)

https://twitter.com/mopeng/status/1288606151924314113

@mopeng @Archivist1000 2/ ...which is basically just trying to drive the price up in my opinion,' [Benzinga's PreMarket Prep co-host Dennis] Dick said."
WSJ published announcement at 6am EDT on Jul 28, 2020. (more...)
wsj.com/articles/kodak…

@mopeng @Archivist1000 3/ So any Kodak trading on Tuesday, Jul 28, 2020 wouldn't be considered insider trading. But closer look is needed on previous day activity.
Benzinga's PreMarket Prep co-host Dennis Dick:
'All I want to know is who got the memo yesterday? Look at the pop on this thing yesterday

@mopeng @Archivist1000 4/ ...ahead of the news. That’s a big candle. That’s the biggest up move it’s had in two months,' Dick said."
"Kodak shares were up 25% on Monday [Jul 27, 2020] ahead of the big news." (more...)

@mopeng @Archivist1000 5/ Of interest to me was this, WSJ (archived article⤵️):
Kodak's "loan is from the US International Development Finance Corporation*, 👉a gov't agency akin to a bank👈, the [US govt] officials said."
*headed by Jared Kushner's college roommate Adam Boehler
archive.is/7CEKg

@mopeng @Archivist1000 6/ #AllRoadsLeadToJared
May 14, 2020:
"EO on Delegating Authority Under the DPA [Defense Productions Act of 1950] to the 👉CEO of the US Int'l Development Finance Corp.👈* to Respond to the COVID-19 Outbreak" (con't)
*Jared's college roommate, Adam Boehler
whitehouse.gov/presidential-a…

@mopeng @Archivist1000 7/ ...The loan is the first of its kind under the Defense Production Act, which the Trump administration has previously invoked to speed the production of Covid-19 related supplies such as ventilators." (more...)

@mopeng @Archivist1000 8/ "Kodak’s loan has terms similar to a commercial loan and must be repaid over 25 years, [Kodak CEO] Mr. Continenza said. He said Kodak will produce 'starter materials' and 'active pharmaceutical ingredients' used to produce generic medicines [including hydroxychloroquine]."

@mopeng @Archivist1000 9/ The Chief Executive of DFC is Adam Boehler, Jared Kushner's college roommate. On Jul 31, 2020, The Subcommittee on Economic and Consumer Policy of the House Oversight Cmte issued a report on the WH failures in contract management. (link in next tweet)

https://twitter.com/ThomasS4217/status/1289573479382097925

@mopeng @Archivist1000 10/ See page 12 of the House Subcommittee of Economic and Consumer Policy report⤵️ issued on Jul 31, 2020 for excerpt in previous tweet: (more...)
oversight.house.gov/sites/democrat…

@mopeng @Archivist1000 11/ Background on how Jared's college roommate got such a lofty position, acting as the head of a US government 'bank."
Per Wikipedia, Boehler was nominated on Jul 10, 2019, and unanimously confirmed by the US Senate on Sep 26, 2019." (more...)
<Thread⤵️>:

https://twitter.com/arapaho415/status/1289247117932785665

@mopeng @Archivist1000 12/ Jared Kushner's college roommate, Adam Boehler, was handed sweeping authority as head of US gov't 'bank' for domestic #COVID19 response for a two year period (link in tweet #6 of this thread). /end

@mopeng @Archivist1000 Update.
13/ Jul 31, 2020: @JedGarren
"Memphis-based Southeastern Asset Management struck gold this week, with its large stake in Eastman Kodak Co., the venerable maker of photographic film." (more...)

https://twitter.com/mopeng/status/1289892232971993094

@mopeng @Archivist1000 @JedGarren 14/ ...— or 56% of the company — in May 2019, according to a filing with the U.S. Securities and Exchange Commission (SEC). They maintained this stake as of a February 2020 filing, and no filing since has indicated a significant sale of stock in the company by the funds." (more)

@mopeng @Archivist1000 @JedGarren 15/ "Based purely on the recent price movement — ignoring how hard it may be to actually sell 48 million shares — Southeastern's shares rose in value from about $96 million to about $1.1 billion this week." #ThatsABigIncrease! (more...)

@mopeng @Archivist1000 @JedGarren 16/ With Tuesday's announcement of [US Gov't] DFC $765 million loan, "Kodak's stock shot up from $2 per share on July 24 to $33 per share July 29, before retreating to $23 by 11 a.m. July 31." h/t @mopeng (more...)
bizjournals.com/memphis/news/2…

@mopeng @Archivist1000 @JedGarren 17/ Southeastern Asset Management Inc. officers:
O Mason Hawkins: Chairman/Principal and Board member
G Staley Cates: Vice Chairman/Principal and Board member
Ross Glotzbach: President/CEO/Principal (more...)
bloomberg.com/profile/compan…

@mopeng @Archivist1000 @JedGarren 18/ Old article, so may be outdated--please advise if inaccurate now.
Bloomberg Sep 11, 2013:
"Southeastern Asset Management Inc., the investment firm that joined Carl Icahn in opposing Dell Inc.'s buyout, acquired a 12% voting stake in News Corp. (con't)
expressnews.com/news/local/art…

@mopeng @Archivist1000 @JedGarren 19/ ...making it the largest shareholder after Chairman Rupert Murdoch."
"Southeastern's biggest holdings at the end of the second quarter [2013] included Chesapeake Energy Corp., holding company Loews Corp., delivery company FedEx Corp. and satellite broadcaster DirecTV." (more)

@mopeng @Archivist1000 @JedGarren 20/ "Saudi Prince Alwaleed Bin Talal🇸🇦 is another large News Corp. investor, with 6.6% of the voting shares, based on data compiled by Bloomberg. He has supported Murdoch through the hacking [scandal] episode. Southeastern previously teamed up with [Carl] Icahn... (con't)

@mopeng @Archivist1000 @JedGarren 21/ ...in a shareholder revolt at Chesapeake Energy. Hawkins, 65, also joined with investors advocating for a sale of Knight-Ridder Inc. in 2005."
Found this⤵️ on Vice Chairman/Principal G. Staley Cates
Jul 1, 2015:
The Poplar Foundation (more...)
memphismagazine.com/features/colum…

@mopeng @Archivist1000 @JedGarren 22/ The Poplar Foundation:
"Source of funds: G. Staley Cates, chairman, Southeastern Asset Management.
Mission: Urban education and 👉ministry👈; Soulsville, Sears Crosstown, Salvation Army, sports."
Cates is "co-founder of 👉New Hope Christian Academy👈" /end