I believe your skepicism about LEND is warranted and evidently a lot of others share it with 50% of the shares listed as short.
But, the more I looked the stranger it got. I haven’t seen a company with shares (except on the pink sheets) trade like this. 5% of the outstanding shares trade on an average day @ $50ea, 1M sh, and the cap is $1B.
You’re probably right about this going to $ZERO but given the heavy trading activity and short interest it could go either way in a hurry. I think it’s too risky for me.
