ICO's were always the Hot option for investors to multiply their investment even though they're are much more riskier as an investment than a cryptocurrency listed on an exchange. Last year, some of the ICO's had given 100X returns to their investors. Some of those project were Icon (ICX), Ethos (ETHOS), Komodo (KMD), TenX Pay (PAY) among others.
Recently, Eastman Kodak also announced their ICO and it was scheduled to be happen on 30th January but at the last moment it got postponed by the company.
As explained on their Website, the Eastman Kodak intended to run an ICO which would offer Security Tokens as exempt offering which basically means the Company doesn't have to register their token on US Securities and Exchange Commission (SEC) and that is why company needs to verify the accredited status of their investors.
SEC has come certain conditions for the individual participating in Kodak ICO. The individual/company must have a net worth of $ 1 Million or annual Income more than $200000 among other conditions.
Kodak announced that it needs several weeks to analyze the accreditness of the potential investors which actually amount to 40k and the company will notify the new ICO sale date shortly on its Twitter account and their website.
Although, after the Kodak's ICO announcement, its Stock price rose sharply from $3.1 to $11 which itself was a significant rise in a stock within a period of only 24 hours. Now, the stock got down after the Kodak announced postponed its ICO.
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