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red sox 777 04/06/20 6:32:53 PM #410:	CaptainOfCrush posted... Didn't LK just default on some interest payments today? Not exactly a good sign. I think that was the chairman/CEO defaulting on a margin loan, which is actually a good thing from my point of view. They defaulted on the margin loan because the stock fell 75% overnight so of course their position was wiped out and they ended up in debt. But it means that chairman/CEO were actually keeping their own money in LK stock, and even betting on it with margin, so they must have believed in the company's business......or at least I hope? --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! <cite>red sox 777 posted [p:936906867] in Stock Topi... [t:78520274]...</cite> <quote>CaptainOfCrush posted... </cite> <quote>Didn't LK just default on some interest payments today? Not exactly a good sign.</quote> I think that was the chairman/CEO defaulting on a margin loan, which is actually a good thing from my point of view. They defaulted on the margin loan because the stock fell 75% overnight so of course their position was wiped out and they ended up in debt. But it means that chairman/CEO were actually keeping their own money in LK stock, and even betting on it with margin, so they must have believed in the company's business......or at least I hope? --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest!</quote> ... Copied to Clipboard!
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