If management either tricked or defrauded (I think that is Bull..) who got burnt the most? Management, esp the Richardsons, own the biggest chunks of KXL and many bought the PP at (ahem) much higher levels.

Now, I am thinking if you are big, rich and savvy enough, you could perhaps buy in, then short through some other accounts that are in names of family members (maybe someone knows the rules there) to profit from the fall, but is that plausible? Isn't the old rule that if there are 2 theories, the one that is less outlandish is the most likely? And, if this was the case, why wouldn't stakeholders at some point sell their holdings, as that news would further drop SP. I think if there was a conspiracy or even overpromotion, we would've seen a quicker SP drop, and the insiders woudn't have bought in so high, or bailed out long ago.

JMO.

ps Hey, YLO doing great for me, and paying me over 1% a month to hold (little pump there for my biggest holding).