Still researching...
I find snippets here and there that might add to the picture or just reinforce it.... but must admit that info gleened from an array of articles might not add up to accuracey?...
From the article Athyrio posted...
"During a gruelling session of questioning, many peppered at him by Lehman Brothers analysts, the MFS share price went into a death spiral, falling from $3.18 to a close of 99c.
The short sellers made a killing."...cont.
and considering this obvservation from different, recent article....
"So, when the economy hit the skids over the last couple of years, Fortress found itself leveraging its assets and accruing around 1.5 billion dollars of debt of which it has defaulted a few times now on it's payments (some of which was to Lehman Brothers who were a global financial services player which was declared bankrupt in 2008 and now needs all of its money back ASAP)" ..cont
found here...
http://www.eastbourneherald.co.uk/canada/Bankrupt-Mountain-During-the-Olympics.6012941.jp
I do think the info has been simplified and...cant vouch for the content at all.
I suppose it could show the GFC domino effect and that Lehman Brothers continue to impact?
I remember CEO C White trying to answer Steve Mayne at the MFS EGM...trying to say something about the analysts...and got cut off and howled down.
http://video.maynereport.com/
look for the video 'mfs fiasco'
I like Steves work but his eager persuit of directors may have drowned out more detail.imlo.
I want the details to be found...dont you?
OCV
octaviar limited
