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Old 04-10-2008 | 01:56 PM
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ksrasg
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Default Is mesa's end near?

2 new articals

http://pacific.bizjournals.com/pacif...html?ana=yfcpc
http://biz.yahoo.com/ap/080410/mair_...tice.html?.v=1


First with their stock closing at 81 CENTS a share they want to issue 37.8 million dollars of stock. now their market cap is 21.8 million. which would greatly dilute the current share holders value.

2nd mesa is sueing big sky for 4.8 million dollars. for breech of contract on leases of 1900's. Big sky (nair) says they have continued to pay the leases and has filed counter suit.

sounds of absolute desperation.
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