Mesa hurting

[phoenixflyer]

YOU TELL ME?


http://www.earthtimes.org/articles/s...n,709608.shtml

 

[Clocks]

I barely understand that...and probably incorrectly.

But it sounds like Mesa is forcing some of its share holders back into the old deal, which could allow them to demand payment, which I thought Mesa doesn't have the cash to afford? Could they be trying to get into bankruptcy to wipe out some of their debt?

 

[SpiraMirabilis]

Mesa doesn't have to pay the bonds with cash.

 

[Clocks]

Ah, probably just a paperwork thing then.

 

[falconvalley]

"In response to a recent regulatory inquiry regarding such exchange agreements, the Company has advised each of the parties to these agreements of its intent to rescind the same."

What's that all about?

 

[BobDDuck]

What's that all about?

It means JO got caught doing something illegal... again.

 

[RWH1986]

Can somebody with a finance degree explain this to me in plain English.

 

[JaceTheAce]

Ut oh!

 

[kellwolf]

Can somebody with a finance degree explain this to me in plain English.

:yeahthat:

I remember that they can pay back with stock rather than cash on some notes. Maybe that's what this is about since they just got the okay to ##### themselves out with more worthless paper certificates.

 

[surreal1221]

Rut-roh. . .

Perhaps the trickory cat is out of the bag and holders might decide they want their cash - now.

 

[falconvalley]

Reminds me of Spies Like Us when Chevy Chase is placing a scapel on the dude's chest and the doctors are shaking their heads as he moves it around.

 

[meyers9163]

Holy COW! 4 cents? Is something going on? Cam anyone? Whats going on over there right now. Closing of JFK, stock at 4 cents, and a court case with DAL, in addition to the cancelation of those stock options?

 

[kellwolf]

Holy COW! 4 cents? Is something going on? Cam anyone? Whats going on over there right now. Closing of JFK, stock at 4 cents, and a court case with DAL, in addition to the cancelation of those stock options?

Anybody wanna buy an airline. I just checked the couch cushions. I'm good for 400 shares right now.

 

[surreal1221]

Appeal case is coming up on two weeks.

Still no opinion from the court.

 

[kellwolf]

Appeal case is coming up on two weeks.

Still no opinion from the court.

What happened on the 31st? The court decide to hear it again later?

 

[surreal1221]

No, it's still on going and no opinion has yet been rendered by the court.

 

[CrippleHawk]

Courts can take a while.

 

[surreal1221]

Depends.

We put a child molester away in 3.5 days.

 

[AMH]

Anybody wanna buy an airline. I just checked the couch cushions. I'm good for 400 shares right now.

I'll match that. I can not think of a happier way to lose 16 bucks.

 

[SpiraMirabilis]

Mesa just approved the issuance of like 70 million shares of common stock, is what happened.