Originally Posted by
tpersuit
Mesa has over $500 million in assets, according to their filings. That seems like a lot that can be grabbed up in liquidation.
They can only get what people are willing pay and since a BK court isn't in the business of selling assets I'd bet they only get pennies on the dollar for their assets.
I don't know how much MESA owes in total. I don't know who the creditors, bondholders or shareholders are (I know I am not any of those). Most likely they are not individual people but corporations, funds, etc. I don't know how this is going to play out, but JOe is a c*ckroach and knows how to survive. We'll all have to wait and see.
OO.