[alfredallan1]

Indeed, one wonders what sort of due diligence the investors conducted.. I suspect (since convoluted shell structures are not (at all) uncommon in practice) it could have been that they weren’t actually aware of the full potential ramifications, or to the extent that they were, they didn’t imagine it’d go to the (literally) extreme scenario. In any case, a tale of caution this certainly is.

[mathattack]

There are plenty of Lenny stock punters who gamble full well knowing they don’t know what’s going on underneath. They expect larger returns in exchange for the added risk.