Ann: 2010 Full Year Report Summary , page-8

Ring in,
You are right, but look at BEC-they have used the threat of insolvency to coerce their noteholders into rolling over their notes a few months back. HSK however is not in the same position-they are sitting on a wad of cash and do not have any bank debt-HSKG is in the box seat. I can only assume they are trying to do a deal with substantial noteholders like AXO did. I will be asking for the dosh back as that was all I was ever in this one for.
HSKG only.