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are you going to let the trustee know there hasnt been a board of directors election or BOD meeting in over 18 months which i think you mentioned is against Nevada law? thanks for sending the trustee the letter.
looks like Kenny Lewis former CEO of Bank of America shaking someone's hand, not sure who the 2nd dude is.
this is a good idea. you might try to contact Evan from the equity committee website and he has an meail list to get the word out. 'Squeaky wheel gets the grease' as the old saying goes. Go for it!
also saw some things on epiq11.com today regarding Mesa. not sure if there was anything unexpected on there . anyone care to comment
i looked up "mesa airline shareholders meeting" on the internet and this is the last meeting i could find. it was held on held on January 6, 2009 just over 18 months ago. there may have been one since then but i certainly couldnt find anything. i even looked on the mesa airline website and this was the last meeting listed on the mesa press release section. maybe its time for a shareholders meeting? check out the 3 links below
http://www.redorbit.com/news/business/1619454/mesa_air_group_shareholders_approve_increase_in_authorized_shares_of/index.html
http://phx.corporate-ir.net/phoenix.zhtml?c=78947&p=irol-newsArticle&ID=1241698&highlight=
http://phx.corporate-ir.net/phoenix.zhtml?c=78947&p=irol-news
Atlas i agree with this 100%! for the doubting Thomas shareholder out there, can you name some other q stocks with assets exceeding liabilities where the commons survived bankruptcy, this may strengthen their resolve in owning a q stock thanks
do you think there will be enough time to get something else done with more shareholder support before the POR comes out? It appears the POR is due out soon
no POR has been issued that i know of. i have noticed nothing has posted to epiq11.com since last Friday. it seems like almost everyday something was getting posted but nothing since last week. who knows maybe the commons stay intact and the trustee knows this and therefore she doesnt think an equity committee is necessary at this time . JMO
anyone hear anything from the trustee on the equity committee? wonder how we are doing on getting the committee set up?
i think this is a pretty good response considing the mesaequity.org equity committee website was only set up a week and a half ago.
any word about the EC?
it sounds like this could be positive. did you find this on Pacer?
i guess there's a hearing tomorrow in New York bankruptcy court for Mesa . hopefully some positive developments come out of it
anyone know who decides if there should be an equity committee or not? is it the trustee or the bankruptcy judge?
i wonder how many shareholders faxed in their EC letters to the mesaequity.org website and how many shares they hold? i have no idea.
7/4 update. have a good 4th!
http://mesaequity.org/updatespressinfonews.html
hope we get some good news soon! something anything would be nice
anybody know how the mesa equity committee efforts are going? happy 4th of july weekend!
there's a good Chapter 11 Status Report doc 885 on epiq11 regarding whats going on with the bankruptcy says POR by the end of the month. we will see
saw this on an airline pilot message board yesterday
It suggests that, for better or worse, things are slowly wrapping up.
One counsel for MAG states in their application that as of May 31, MAG had $60.8 million unencumbered cash on hand or deposit and that MAG is currently in the process of formulating a POR. They state that MAG "anticipates" filing a POR and disclosure statement in July.
They also state that the "operational transition into Chapter 11 has been unusually smooth" and that MAG has "established a harmonious relationship" with the Creditors Committee.
Another counsel states that it has "undertaken discussions with other parties that may be interested in investing in or acquiring the Debtors".
Expect news soon...
winglet
http://www.airlinepilotforums.com/regional/47058-mesa-air-group-chapter-11-info-delta-lawsuit-105.html
yes we definitley need an EC ASAP... read yesterdays docs on epiq11.com
with Plan of Reorginization (POR) potentially coming out in July 2010
and MACQUARIE CAPITAL undertaking "discussions with other parties that may be interested in investing in or acquiring the Debtors." debtors meaning Mesa Air
from what i have read on Macquarie, it is the largest investment bank and the top ranked Merger & Aquisition advisor in Australia. they basically help/advise companies/entities with buyouts, aquisitions mergers etc
Evan
many are curious as to how the shareholder response is going? is it possible to give us an idea 1)how many individual shareholders have responded and 2)number of MESAQ shares you are forwarding on your daily faxes to Ms Schwartz? thanks for your help...
i faxed my letter in and also mailed it to the trustee in the mail and suggest everyone fax and mail too.
United States Trustee - Southern District of NY
Tracy Hope Davis
Acting US Trustee for Region 2
33 Whitehall Street, 21st Floor
New York, NY 10004
Attn: Andrea Schwartz, Esq.
EC...it might make sense to send a press release about the committee formation/website address and the July 2nd deadline looming and send this press release to Rueters Wall street jrnl or Pheonix and Arizona newspapers/news services to get this word out...
especially with a july 2nd deadline coming up...maybe send this press release to reporters who have previously reported on Mesa...just one news service writing about the EC would do a lot to get the word out on the EC...jmo
i will send in the new letter in today, all you shareholders who sent in the initial letter yesterday please send in the new letter too... we can get this committee set up!
did the website go down again?
looks like the website is back up and running
http://mesaequity.org/
Equity Committee is forming for MESAQ. Cork check out the posts for Mesa Air
Wow! awesome work Mesa shareholders on getting this letter/website on the move! i sent my letter into Ms Schwartz regarding my shares,,,lets keep positive peoples! thanks again
and another 2008 article by Ms Schwartz titled
Recent Delaware Chancery Court Decision May Be "Wake-Up" Call for Shareholders to Play Larger Role in Corporate Bankruptcies
http://www.abiworld.org/committees/newsletters/PublicComp/vol5num5/recent.html
Famous
here is a very interesting 2008 article cowritten by Andrea B Schwartz (of the Office of the United States Trustee for
Southern District of New York (Manhattan) who is handling the Mesa bankruptcy) Ms Schwartz's article is titled "Shareholders Retain Significant Rights in Bankruptcy"
..maybe she will recall her article and agree that Mesa Shareholders Retain Significant Rights in Bankruptcy...
http://www.turnaround.org/Publications/Articles.aspx?objectID=9658
saw this post regarding an equity committee's role
http://www.notananalyst.com/tag/equity-committee/
someone in this article states
This is the quietest bankruptcy in the history of the airline industry
i agree a request for an equity committee makes sense since the company claims they have more assets than in liablities.
is there any chance of an Equity Committee getting appointed? i havent heard any talk of this.
maybe its not as bad as sp looks
http://pr-canada.net/index.php?option=com_content&task=view&id=218386&Itemid=58
saw a few new documents up on epiq11 last nite. i guess they deal with a July court date..
i saw this on airline pilot forum...i guess this is some sort of chat room for pilots...
http://www.airlinepilotforums.com/regional/47058-mesa-air-group-chapter-11-info-delta-lawsuit-103.html
Hey cork...some interesting UA/Mesa news on MESAQ last nite...lets see what happens!