We have lots of opinions here....let's try this one on:
Goldman sells a $2.25b secured loan in the Spring. Sells 84m shares FOR JCP in the late summer.
Then their OWN analyst write up a crushing report downgrading the stock and goes thru CHap 11 recovery levels.
Why would they do that?
Answer one is, yes, to collect fees to offset JCP long holdings...
simple. Good ole lloyd the squid gets to play debtor-in-possession when the inevitable chapter 11 scam arrives. It will. Meantime, they will allow ullman and the other board posers to keep spinning and lying.