The bonds are hanging in and there have been some big purchases. Seems like only the little guy is selling here. I've been as negative as anyone, but I think they have something in the works to cover the bond, say 75 cents.
that seems pretty steep....but who knows? I'm of the opinion that too much leaks of news in China so if it were going that high at 0.75, the bonds would be snapped up by now. I'm thinking more like 0.45 payoff and some equity dilution.