17/10/2008 - Shah Capital Management increases from 9.62% to 11.6%
14/10/2008 - UBS AG increases from 10.77% to 11.43%
10/10/2008 - Shah Capital Management increases from 8.69% to 9.62%
06/10/2008 - Shah Capital Management increases from 6.98% to 8.25%
30/09/2008 - Shah Capital Management increases from 6.66% to 6.98%
And now look at this! See below for the revised Auditor notes after they released the latest Financial Statements!
See definition of a Put Option: A put option gives the bond holder the ability to receive the principal of the bond whenever they want before maturity for whatever reason. If the bond holder feels that the prospects of the company are weakening, which could lower its ability to pay off its debts, they can simply force the issuerer to repurchase their bond through the put provision. It also could be a situation in which interest rates have risen since the bond was intially purchased, and the bond holder feels that they can get a better return now in other investments.
So has the interest rate risen or the company is weakening? ( Our pet monkey with a peabrain chooses the former.)