This is true. I view toxic lending the same. Doesn't matter if it's a pay day loan, title loan or company shares.
There is no gun to Linda or anyone elses head. The supposed victim is begging for any lifeline. I get it, business is survival of the fittest, just like humanity. Everything thing has a couple agonal breathes before it's over.
I do however believe, the Asher case was ultimately settled on June 18 2018, because it had come to light exactly how they were skating on thin ice, legally, with their loan practices in other lawsuit regarding Asher. Just by reading the files. If there is any credibility to the naked shorting narrative, this is where I found it.
This is pure conjecture on my part, but it is conceivable Kramer arranged to naked short DBMM into oblivion due to the default. Vindictive, yes, but hardly out of character for the likes of Kramer. I also think he was not surprised by the revocation and accepted the settlement because of the assumption DBMM was finished. Besides, if this thesis is valid, Kramer would have made far more than the debt by now, so why not cut ties.
Again not an excuse for horrible corporate management. Definitely not any sympathy for either parties here.
Kramer is not the only individual out here doing this. But naked shorting is not always involved. Generally, these toxic lenders, make all kinds of promises about converting the debt but ultimately tank the company, receiving triple of the loan value and disappear. But occasionally, get greedy and short on the way to it's demise. Illiquid tickers have little to no shares available to short, so they make up some. Knowing the company is going to zero and can't defend itself.
