Hong Yuan Holding Group (HGYN)

[N4longterm]

Everybody here has said he is a bit on the arrogant side.

My theory is that the attorneys were telling him all along to give up, but he thought he could bamboozle the judge into wiping out his mistakes (toxic debt). When the judge didn't give him full access to the DIP financing, he realized the battle was lost.

For all we know he may have just walked away, since we haven't seen any filings since the letter.

GLTA