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oldpennydog

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oldpennydog

Re: None

Monday, 02/14/2011 12:49:09 PM

Monday, February 14, 2011 12:49:09 PM

Post# of 16651
From the PR:

"Mesa expects to emerge from Chapter 11 as a private company and issue new notes, common stock and warrants to creditors."

If I remember correctly, there was a deal with the IRS that the "owners" (meaning stockholders), must stay the same or they would be penalized. Quite possibly the current stockholders will be given common stock in the new private company so it doesn't invalidate the IRS clause.

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