I think Tutor explained in one of his posts why Larry did this. Another option was further dilution to get the funds. Fundies need to make money, and they are gonna make it in one way or another. If you want to know the in-depth explanation find tutor's post about it, I don't remember it from top of my head.
As for the destruction of the share price, it was more to blame on the leaky business model and mindless expansion at the expense of shareholders' equity. Therefore, lend the shares or not, it was gonna happen.
Now, you may ask why I am still holding. It is because I was a believer and became greedy (and FOMO after selling afterpay at $35), and at this point holding or selling doesn't make much difference to me. So, I gonna ride it till the end of the line.
P.S. I know your post was related to the ethics of Larry. But I just ended up ranting a bit without explaining properly why Larry did it.
I think Tutor explained in one of his posts why Larry did this....
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Last
$1.16 |
Change
0.005(0.43%) |
Mkt cap ! $1.264B | |||
| Open | High | Low | Value | Volume |
| $1.14 | $1.19 | $1.13 | $12.72M | 10.95M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5215 | $1.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.16 | 31770 | 4 |
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| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$1.15 |
Change
0.005 ( 1.14 %) |
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| Open | High | Low | Volume | ||
| $1.14 | $1.19 | $1.14 | 1743719 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
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