If one sentence sums up the farce that the hyper-speculative ponzifest that is the 500% club in China it is “Hanergy Group was basically using the listed company as a means to produce collateral in the form of shares that it could then pledge to secure financing.” While the stock has been cut in half, lenders remain mired in opacity as they try to figure out, as Bloomberg reports, which of Chinese billionaire Li Hejun’s many creditors