Sounds like bond may have borrowed via a non recourse loan...

Sounds like bond may have borrowed via a non recourse loan supplying his linc shares as collateral....the way these loans work are that the shares are offered up at big discount. The borrower (ie seller) gets funds without anyone knowing he has in effect sold down share holding....the lender who subsequently have the shares (as collateral) either on sells the shares or lends the script to short selling hedge funds.....this could explain the sharp sell off in the stock price.....as non recourse the borrower can walk away with their cash......sounds familiar?....may also explain the delay in posting share holdings.