LAGE Manufacturing, LLC. will soon be selling a .22 conversion kit that they have developed for the SWD Cobray M-10 and M-11 submachine guns.
This design uses your existing upper receiver and cocking knob with a drop-in barrel insert, bolt assembly, magazine adapter and modified UZI .22 LR magazines. The magazine inserts in the pistol grip mag' housing just like the original 9mm magazine.
LAGE currently manufacture a range of slow-fire upper receivers for M-11, M-10/9 (a version for the M-11A1 is in development). These uppers slow the rate of fire from 1100 RPM to 600 RPM, making the gun much more controllable.
These guns are well known for eating through ammunition with their very fast rate of fire. The cost of these uppers are around $760.
Many thanks to Jeff for the information, photo and links.
I read many shooting magazines from around the world and I came across this advertisement in an Australian magazine. It shows what must to be the current AIA M-10 range being produced.
I scanned it into the computer. Click the image below to enlarge it.

Australian International Arms (AIA) calls the M-10 the the 5th generation Lee-Enfield, read more about it here.
I fired up Skype and actually tried calling one of the Australian companies at the bottom of the advert to see if I could get any more information about the rifles. Unfortunately after trying two numbers I realized my rough timezone calculations were a bit off. Checking a timezone website confirmed this!
It is a pity they do not offer the 7.62×39 version anymore. Not at all practical but a 30 round AK-47 magazine on a bolt action rifle would be … unique! Although the special edition M10-B3 that has a M134 mini-gun barrel is very cool
I have no new information about their availability in the US.
A photo of the M10 No4 MK4 Classic:

A photo of the M10-B2 Match:

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