LogFAQs > #940803737

In LK news, remember the shares Goldman Sachs seized from the chairman as collateral for his margin loan? They said they sold all of it, and received an average price of $2.75 per share. They got back $200 million out of the $500 million they were owed, so unless they can find some other assets of the chairman to seize, they took a loss of $300 million on the margin loan. I think everyone here who traded LK sold at a higher price than $2.75 or are still holding, so we all did better than Goldman Sachs on this one.