A private investment company, Kerrisdale, has recently released their report for the year in which they have recorded a negative report for the first time in a while. The Kerrisdale management team, however, came out to explain the drop in their business dealings. According to them, the negative report was as a result of the deal made between Kerrisdale and Kodak, but it seems that Kodak is not making much progress and so they have Kodak’s stock which has been rising and at the time of the report release the stock had risen by a whopping 187%. Read more at nymag.com about Sahm Adrangi.
Kerrisdale had been in a partnership to create an image licensing platform with Kodak, using the blockchain enabled the system. There were also plans to start up a photo-centric Cryptocurrency by the two companies. The report states that Kodak had all the required potential to execute its Cryptocurrency plan. They had all the right business words that they presented which included blockchain and smart contracts. However, a closer look at the various advantages of employing the blockchain method for the particular project presented showed in no uncertain terms that the project was never going to get off the ground and it was poorly formatted and thought out.
Sahm Adrangi who is Kerrisdale’s chief investment officer started working in the company when it started in 2009. Adrangi has been a part of Kerrisdale’s active management team, and he has dealt with everything concerning the company’s development and management. He worked with Lornacrefund as an investment analyst and was also chosen to be part of a bankruptcy reforming group that was looking into the Chanin capital partnership bankruptcy. Sahm Adrangi gave out insights into solving the problem advising creditors to settle for a mutual understanding with the firm instead of taking it to court. Follow Sahm Adrangi on linkedin.com.
Sahm Adrangi was at Deutsche bank working with the leveraged group financially. Sahm was of great help on the structuring of the various bank debts and assisted in creating bonds that sold for relatively high prices. He also got to advise the company on injecting money to finance the due debts. Sahm Adrangi is a graduate of Yale University with a bachelor of arts in economics.