I don't have any knowledge as to why CCP has now loaned ANY an accumulated $24M, but I certainly wouldn't say they were in their right minds in having done so. At one point it looked like they had gotten their offshore, vest-pocket shell bank out of ANY and scrubbed it off on Opus. It's possible they wound up needing to avoid a Manafort, in other words, getting busted for borrowing from a legitimate bank based on prior, "performing" offshore self-loans secured with overstated assets. Futzing with banks is the sort of thing that draws a lot of regulatory scrutiny, much more than small-potatoes pump-and-dump securities. Also, CCP isn't public, so they don't have to answer to the SEC.
On this theory, they have since poured more and more money in to make ANY appear solvent and legit. This also served to let them avoid recognizing the haircut on their own books, which would make them look like suckers to their private investors.
Perhaps they were delusional enough to believe that they were going to strike it rich with all of those, $2, $3, $4 and up warrants they were accumulating? EK is quite the pitch man, and they've got PT Barnum as well. Anyway you look at it, they're getting what they deserve.
So, to offer an answer to your question, CCP hasn't acted in the past as if they are in their right minds, they've acted like sleazy manipulators. In this case, it looks like they'll get caught holding the bag, and I agree, in "a short time at that".
