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Uh Oh. Mesa just cancelled the note agrmnt

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Uh Oh. Mesa just cancelled the note agrmnt

Old 02-09-2009, 10:24 AM
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Default Uh Oh. Mesa just cancelled the note agrmnt

Just saw that Mesa cancelled the agreement with the bondholders. I believe that was the one issuing all that new stock?
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Old 02-09-2009, 10:27 AM
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damn beat me to it heres the link though


Mesa Air Group Announces Termination of Agreements with Certain Holders of Senior Convertible Notes due 2024
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Old 02-09-2009, 10:30 AM
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What does this mean?
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Old 02-09-2009, 10:39 AM
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couple things.

1. sounds like JO may have been up to something illegal again...
"In response to a recent regulatory inquiry regarding such exchange agreements"

2. The holders of these notes can now demand payment. Payment JO cant make.
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Old 02-09-2009, 10:42 AM
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how much was due on these particular bonds?
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Old 02-09-2009, 10:45 AM
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Here's their money ...... no worries.....



http://www.monopoly-history.com/images/1985money.jpg
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Old 02-09-2009, 10:48 AM
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Originally Posted by overworked View Post
how much was due on these particular bonds?
Im having trouble finding the press release on these but I believe it was 73 million on Jan 30th and something like 20 million first week of Feb. Anyone have that info?
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Old 02-09-2009, 10:58 AM
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Strange that there has been no reaction in the price of Mesa stock today.
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Old 02-09-2009, 10:59 AM
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Originally Posted by RiddleEagle18 View Post
Im having trouble finding the press release on these but I believe it was 73 million on Jan 30th and something like 20 million first week of Feb. Anyone have that info?
Mesa Air Group Announces Termination of Agreements with Certain Holders of Senior Convertible Notes due 2024
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Old 02-09-2009, 11:01 AM
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I meant the press release regarding the exact amount of the notes due.
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