Correct me if this dosent make sense. Mesa goes into bankruptcy not because of debt but becuase of legacy costs and to much capacity. They lose money and this is the only way to get someone to budge over these costly contracts, deals, whatever. They have a little cash and have positive equity. If they need more money they can reorg. clean up there act and sell some shares to raise some money. What is the difference if it is old or new stock, There could be dilution but they really would not benefit that much if they cancelled and issued new stock without us. I do not know what the insider stock holdings are but airlines are notorious for giving there employees stock. I have to find out that #. So that might be another reason not to cancel. I know there are no guarantees but does all this make sense? Matt
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