Mesa Air Group, Inc. (fka MESAQ)

[sometimes_right]

further elaboration: "historic shareholders and 'qualified creditors' own at least 50% of the value..." My point was concerning the common shareholders requirement, sorry for inadvertently omitting details concerning creditors (they always try to forget us though).

However, this still is VERY positive, as it allows NEW "vulture" investors (me/you/whomever) to purchase the other -50% that historic shareholders dump during BK and "stand on the shoulders of the giants" that preceded us as the EQUITY remains intact (although perhaps diluted to some degree if bondholders agree to any debt for equity swap arrangement)and PPS rises toward fair market value as Chapter 11 progresses towards completion. Of course the historic shareholders also stand to benefit in such an instance as they may eventually gain full recovery or more by holding on to their shares throughout the Chapter 11 process, provided that this crucial factor exists - assets are GREATER THAN liabilities.

It's somewhat a misnomer saying "commons will stay intact" as it is the EQUITY that might stay intact depending upon the unique circumstances of any given Chapter 11 restructuring case... and IS so, then usually new shares are issued to common shareholders reflecting the value of their ownership of the newly restructured corporate entity...

ALL in my opinion, of course.

reference to OTC BB King's statement of the actual regulation on different mb:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=45819076