Me neither. My own comments here on HN when the story broke were very positive and impressed for that very reason: it would have been a great feat, buying back

Me neither. My own comments here on HN when the story broke were very positive and impressed for that very reason: it would have been a great feat, buying back the company at 20% above than its present value, especially when he said early investors would have the option to stay in. It seemed like such a great move, the only problem being how to raise such a huge amount of money. But then he tweeted "funding secured", so that's very solid... I mean, he's a CEO, he knows securities law, he would never post something like that without good reason, right...? Now it just looks like one of his worst blunders. I believe most people don't even realize how bad it is yet. Based on all I'm reading, the SEC has a strong case, and so do the civil lawsuits. I'm not a psychologist, but the more I think about it, the more it seems like the type of ego-driven blunder you can only make when you're surrounded by people who worship at your feet 24/7.