I said it may be the explanation. RH may also have been helping manipulate the stock lower for very powerful and connected market players and I think it's ridic

I said it may be the explanation. RH may also have been helping manipulate the stock lower for very powerful and connected market players and I think it's ridiculous for anyone to insist on dismissing that possibility just because it involves some conspiracy. Claiming "liquidity issues" and drawing on their credit line may even just be a cover for that. But to answer your question, both Lehman Brothers and MF Global claimed not to have any liquidity problems right up until the second they filed for bankruptcy.