Originally Posted by waflyboy

If this is a serious question then....

It doesn't. A stock is an instrument of equity. A bond is an instrument of debt. Sometimes the term "penny-stock" is used to refer to a stock that is trading below a certain price. However, to be technically correct, this term would probably be a misnomer in the case of MAG.

For what it's worth, I'd much rather be holding Mesa bonds than stock right now! (But am glad to not have either.)