guys,It could be a positive news:1) eliminate all debt is NOT...

guys,

It could be a positive news:

1) eliminate all debt is NOT the most important factor for Chinese to invest but it could be counted easily when the manipulator doing his work. The most important factor is still the $1 billion capex which is the obstacle for applying bank finance. Just tell the mgt not too greedy.

2) It pave the way to negotiate with Chengde (Herbei Group) about strategic shareholding arrangement.

3) new placement is expected. $1 billion capex will be on the table. I wish there is no undertable between Chengde and the mgt.

Negative:

1) The note holders should fully understand their investment will be fck off in Apr 2010. It is NO NEED to give them such a good terms since everyone understand AXO will fck up if it cannot get finance. So just give AXOG 10 cents is enough cos they will get nothing if they do not agree.

2) the undertable agreement between the big note holders and the mgt should be ......lets see what happen. I wish the fcking mgt does not buy time again.