The Financial Post reports in its Wednesday, March 18, edition that goeasy disclosed significant loan losses last week, causing its stock to drop. A Bloomberg dispatch to the Post reports that Jehoshaphat Research short seller Victor Bonilla had previously warned about goeasy's financing risks and alleged $300-million in delayed credit losses. Following goeasy's update, Mr. Bonilla remarked, "My impression is that they've come clean about it." goeasy shares fell after Mr. Bonilla's bearish note in September, despite the lender's denial. The stock dropped again in November when goeasy missed third quarter analyst estimates due to higher-than-expected loan-loss provisions. Then shares sank 57 per cent on March 10, after goeasy disclosed $331-million in net charge-offs for the fourth quarter, including $233-million in writedowns tied to consumer loans, interest and fees from its Lendcare Holdings unit. goeasy also announced an overhaul that would revise past disclosures of Lendcare payments, a plan to stabilize the business with a focus on direct-to-lending and confirmed Felix Wu as permanent chief financial officer. All in, the stock is down more than 80 per cent since the Jehoshaphat short report.