Let’s say for shits and giggles that the loan syndicate that...

Let’s say for shits and giggles that the loan syndicate that bailed LTR out (for $500M?) when the sale “collapsed” (wink wink) were/are also shorting.

I mean - why not? They receive interest on the original loan, and on the shares loaned out. They have made a tidy (huge) profit already so far if so.

Let’s also say (for shits and giggles) that they collectively get cold feet and feel their original capital is at risk - they decide to pull the pin on their loan and walk away from LTR (prob with a break fee).

SP tanks - they make even more money or even better (for them) forces LTR into administration/liquidation.

DYOR IMO