Originally Posted by
mach946
I see alot of wishful thinking about MESA's demise. The whole industry is hurting. With regard to the bond issue. IM sure MESA will convince the holders of such bonds to stand by a little longer while they recover. The Bond holders will agree rather than see MESA just go under, and they get nothing.
MESA is going to pull out or get bought out. Thos are the only viable alternatives.
The stock would have to go back up above $10 to get rid of the bond payment. I don't know about you but if I have something that's worth less than a dollar and have a chance to sell it for $10, I'm taking it.