Based on SEC "inquiry" MESA has withdrawn bond settlement deal due to settle tomorrow.

The potential put amount tomorrow is $45 million. At the end of Sept (fiscal year-end) MAG had $64.9 million in cash. They have not reported 12/31 (1st qtr) yet their cash position is not known, but if the bondholders all seek redemption, its probably means big trouble. Mesa's press release says they can't talk to the bondholders till Wed even though put decision is due tomorrow.