[Frameworks] Gamestop Kodak?

[Mike Morris]

Well, I'm glad to see this idea has got a little bit of a response!
I didn't realize Robinhood wouldn't give the ability to have a say at shareholder meetings. I've purchased the stock through my IRA in Fidelity, and have about 11 shares now. As a sidenote, I did make a surprising amount when Trump announced Kodak would be making supplies for vaccines. 

At any rate, I still think this might be an interesting experiment. I need to do a little more research, but maybe the question to ask would be how many shares of stock would our community need to purchase to have some kind of controlling interest in Kodak? 

If Robinhood isn't an option for that, an IRA at Fidelity takes about $2500 to open. Maybe there are other more traditional platforms for purchasing stock that don't require so much upfront investment. 

10 shares right now is about $100. 
If we got 1500 people to buy 10 shares each, we'd be at 15,000 shares, which is a drop in the bucket if we're talking about 9 million shares being traded yesterday, but would the vote we'd have even with that be effective in steering some decisions at the company?
MikeDallas, Texas / Cairo, Egypt

***********

PS when u own shares with Robinhood as a shareholder u do not have any say in how the company is run or its marketing policies since Robinhood is a broker mostly for small investors.


D

> On Jan 28, 2021, at 3:14 AM, graemehogg at irational.org wrote:
> 
> 
> Yes indeed. I dont understand fully how stocks work but I thought holders can make demands on companies. My playing around maths came up with this
> 
> 1725 FW + 1 friend =            2450
> 217 orgs on filmproj21            0217
> 817 individuals + 1 friend (filmprj21)    1634
> 
>                     4302
> 
> 108,000,000 divided by 4302 = $25,000 EACH!
> 
> By adding friends and maybe upping what organisations could buy you get this
> 
> 
> 1725 FW + 2 friends =                  5175
> 217 orgs on filmproj21                  2170    each org acting as 10 x
> 817 individuals + 3 friends            3268
> 
>                                        $10,613  still a lot.
> 
> And yes, im sure we'd all prefer to spend that much on film stock..........
> 
> Anyway, something to do whilst stuck at home home schooling all day ever day.....
> 
> 
> On Thu, 28 Jan 2021, FrameWorks Admin wrote:
> 
>> Hi Graeme,
>> There are 1725 subscribers on FrameWorks. Each one would have to put up $62,600 between s/he and their friends.
>> A hard slog. Especially when you consider that Kodak stock is not a great investment.
>> And considering that they will not boost profits by making more super-8 film, the stock will go down and we will all lose.
>> However, if each of us bought $62,000 of Kodak film rather than Kodak stock, it would surely have more of an effect!
>> Their profits would soar and they would invest their wealth in making more film, so.
>> Pip
>> 
>> 
>> 
>> 
>>> On Jan 28, 2021, at 7:37 PM, graemehogg at irational.org wrote:
>>> 
>>> 
>>> Hi all. As its a numbers game perhaps we should start with some.
>>> 
>>> Pip, how many single subscribers to FW are there?
>>> 
>>> If each subscriber could also 'rally' a set of friends/contacts to bolster numbers it might be a good excercise.
>> 
>> 
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> 
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