I came up with a debt resolution method.

PortfolioAlert · 2026-04-03T07:08:24+00:00

First, we must firmly avoid any downward revision. Second, we need to stabilize the stock price. Third, we can release default risk by creating expectations that "maturity may not be paid, may default, or may be delayed," thereby pushing the convertible bond's price down to a negative premium, such as seventy or eighty percent. Related parties can gradually accumulate chips, and after they have fully accumulated, any handling method is acceptable—either hold until maturity for redemption, push the stock price for a strong redemption, or convert to increase holdings. However, the risk is that we absolutely cannot play the delay game. 1. The underlying stock must not collapse (a collapse would mean real default and delisting, and the entire market would lose). 2. The convertible bond must not be subject to speculative trading by funds (if the price surges due to speculation, buying the bond at low prices becomes risky).

PortfolioAlert

2026-04-03 07:08:24

First, it’s absolutely forbidden to downgrade it; second, you need to stabilize the stock price; third, you can gradually release default risk. Use the expectation that “it may not be paid at maturity, it may default, and it may be delayed” to smash the price, driving the convertible bond down to negative premium—say, around seventy or eighty. Related parties then slowly accumulate positions. After everything is collected, it can be handled however—either hold it to maturity for repayment, or push up the stock price for a strong redemption, or let it convert into an increase in holdings. But the risk must never be played with by dragging it out.

The underlying stock can’t collapse (if it collapses, it’s real default, real delisting—everyone loses).
The convertible bond can’t be aggressively hyped by funds (if it’s pumped and the price rises, then buying up the debt at a low price turns out to be a bad outcome).

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