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Why? They're using the blockchain for what most people said it was supposed to be used.

I'm actually pleasantly surprised they're moving forward with some innovation and I guess the stock rise reflects that.

OTOH yes, I'm pessimistic they'll actually accomplish something, but who knows? I don't know if the market will discount this soon.

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Blockchain might be useful here, sure.

Is that use worth 44% of their stock? Doubtful.

You're overestimating how much of Kodak is actually a viable business. Most of their revenue still comes out of their "Print Systems" (!) division. KODK's latest 10-K is filled with albatross risk statements like "The ability to generate positive operating cash flows will be necessary for Kodak to continue to operate its business."

Honestly if they nail this 44% is small potatoes, this is a dying company with little to no future revenue streams. I'm surprised it didn't go higher.

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