Need to invest in a good place? Consult Paul Mampilly!

Stock market is a tricky market. Every day the market sees fluctuations in prices. People gain profit or loss in a split second decision. For example, if a person decided to keep his high-priced shares in the investment market, thinking tomorrow the price could go even higher, would face a loss if the prices of that particular shares were to drop the next day. Similarly, if a person decided that instead of pulling out his shares which were not giving him any kind of profit, he would keep the shares in the market just for one more day and would be extremely delighted if the prices of the shares were to go sky high. The bottom line is: No one knows what kind of fluctuations they might see in the stock market. No one except investment expert Paul Mampilly.

Paul Mampilly started his academic career by completing his BBA degree in Finance and Accounting from Montclair State University. After receiving his MBA Degree from Fordham Graduate School of Business, Paul Mampilly started his professional career in 1991 when he joined Bankers Trust as an Assistant Portfolio Manager. Because of his knowledge about when and where to invest during alarming situations, Paul moved forward by managing multimillion dollar accounts at Deutsche Bank and ING. It was in 2006, when he was recruited by Kinetics Asset Management. He was called for the job so he could manage the hedge fund of the organization. The firm was worth $6 billion. Under the clever leadership of Paul, the firm’s asset rose to a staggering $25 billion, in a very short time.

Paul Mampilly, now, works at Banyan Hill Publishing where he uses his investment expertise to help people in increasing their wealth. With a resume this strong, Paul Mampilly could have easily worked anywhere he wanted and could have earned a handsome salary, but he decided to leave Wall Street because he thought it only served a minority of people. After leaving the Wall Street, Paul started a newsletter. He wanted to serve a majority of people and through his investment newsletter; he now helps many people invest their money.

Sahm Adrangi on the Absurdity of KodakOne

Sahm Adrangi, head of Kerrisdale Capital, had quite a bit to say about Eastman Kodak Company’s (NYSE:KODK) image rights management platform called KodakOne. His thoughts about this 138-year old company were not at all favorable.

While Kodak’s stock doubled after they announced a blockchain and cryptocurrency licensing partnership, Sahm Adrangi asserts that nothing will be achieved by the use of blockchain as an image copyright platform.

Kerrisdale believes blockchain does not minimize the amount of resources necessary to prevent copyright infringement, nor does it lower the risk. Kodak has discussed paying photographers with KodakCoins, a cryptocurrency that would be used with KodakOne.

Sahm Adrangi argues that Kodak’s actions are a stock promotion and an attempt to take the focus off of their troubled financial position. Though blockchain is in fact a legitimate technology for some industries, Sahm Adrangi does not believe photo licensing and management is one of them.

Kerrisdale Capital called KodakCoin nonsensical as a way to pay photographers because it’s only marketed to accredited investors, which means only photographers with a net worth of $1 million or an annual income of $200k can participate in the ICO. While cryptocurrency will be used by speculators, it will not be used by many image buyers or photographers.

Kodak did not develop, nor do they own, any blockchain technology. KodakOne was developed by WENN Digital. Kodak is simply a licensor that will collect royalty payments when transactions are processed. This means that the success of KodakOne is tied to WENN Digital.

With rising debt and a negative cash flow, Adrangi believes Kodak’s management has failed its investors. After Chapter 11 bankruptcy in 2011, Kodak failed to resolve the issues that led to the Chapter 11 filing. Sahm Adrangi believes Kodak’s recent actions are an attempt to prevent a fall back into bankruptcy.

The above referenced issues, along with suspicious trading activities by Kodak shareholders, are just some of the reasons why Kerrisdale Capital has called the equity worthless.