As I predicted in my March newsletter, the purchaser of Asia Aluminum bonds will get nothing. My predictions were quoted in an extensive article in The Asset Magazine of Hong Kong. According to the Financial Times: Holders of $535m of payment-in-kind notes will get less than a cent in the dollar. Mainland Chinese banks were made as good as whole. If you don’t understand the rules, don’t play the game. I have proved that I know the rules.