For the short term, hanera’s explanation can be used by millions of investors to justify the stock movement. If many people accept this for now, KODK will go to 35. There is resistance at 15 and 20, but with 100M shares trading, the resistance could be taken in hours.
There is no need for real revenue for now. Just a credible story. KODK might be undervalued in the first place. Will billions of revenue and 400M market cap, it’s still cheap.
I bought quite a bit yesterday. Should have sold GBTC and switched to KODK!