I guess I don’t understand how that price jumped so high with the announcement. LEND traded almost as high as 14 during the day. I understand the 2.7 billion is almost the entire loan portfolio of the company. How can there be earnings in the future of the company to justify the jump? Is this just day trader speculation or can someone explain this?
Also, I understand the sale was in order to meet margin calls. I’m not sure what that means exactly but I assume it means they aren’t out of the woods yet.
