BT why did HNC seemingly "trigger" the VA risking their 100 or...

BT why did HNC seemingly "trigger" the VA risking their 100 or so mill exposure just before they were about to equitise their C-notesunsecured for about 15% of CMR at 42c ?

Playing for high(est) stakes ?

Now they hold the pole possie for the lot.

And the other C-note holders will prob get there's back along the way.

Only losers will be the shareholders .... as always

Lets see how it pans out. As I said there are bigger issues in play and these are being looked at methinks.

IMBOOCAWP !