Supposedly the company is working on ways to get the cash in play. This is a copy-paste from last CC's transcript. A question was asked about the 2007 debt. Below is the answer Ms. Sung gave.
Refinancing is really not our first preference at this point in time. We strongly feel that our stock price is very undervalued, so refinancing might bring in too much of dilution to our current shareholders. So, that is really not our preference. The option that we are contemplating still is, we are hoping that we can still get the cash, at least a portion of it, get those interests and penalty payout by cash. And you know, as far as how we are going to get the cash into the space, there are different roots that we are actually looking to. Some of the banks actually would be able to provide, especially those banks, the Chinese bank that is operating in China was an United States branch; sometimes it will provide basically loan to the United States entity using the China entities assets, either collateral or guaranteed.
So, that is one of the options we are looking to. And the other one is just go straight to the Government authority that asks for special permission, which is what our Chairman is working on. It is still quite a large amount of work in order to get a special permission. So, right now we still need to work on that.
