Kodak Postpones KodakCoin ICO, Company Stock Price Tumbles
The much-hyped $20 million KodakCoin ICO was supposed to debut on Jan. 31. Instead, the iconic brand announced the night before launch they needed at least several more weeks to get to know their customers better, as they enter the “accredited investor verification phase,” leaving the 40,000-plus potential buyers who want dibs on Kodak’s “photo-centric cryptocurrency” waiting.
Skittish investors fled KODK, as the stock tumbled 13% after gaining 200%-plus when the KodakCoin ICO was announced. Source