Morrison & Foerster partner Vladimir Maly advises caution to investors over Kodak’s decision to hold an initial coin offering in the Global Capital article “Kodak pioneers cryptocurrency as listed company capital tool.”
“We’ve never been in this situation before where a listed company also has a cryptocurrency, which offers a competing means for investors to take a view on its future,” he said. “The way Kodakcoin’s price interacts with the stock price will be very interesting. The coin could sap liquidity from the share market.”
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