How do you use this knife?

I have seen other, similar looking knives, in which the blade swung open when the ring was pulled.
 
If you are looking for a small "keychain" type knife you would probably be better off with a small Spyderco (e.g. LadyBug) or a Kershaw (e.g. LFK). While the "pull back" knife is an interesting gimmick, I suspect that it is not very well made.
 
oh a spydie ladybug would be a sweet keychain knife. gonna kick out the blind horse knives snap knap as my obligatory suggestion for a key chain knife tho :D
 
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