Observer From United States of America, joined Jun 2007, 78 posts, RR: 0 Posted (5 years 1 week 5 hours ago) and read 772 times:
Does anyone know what happened at the Mesa shareholder meeting Tuesday (5/13)? There's nothing on any news site, nothing on the Mesa-Air.com site, Plane Business or anywhere that I can find. The only action was a notice to delay announcing the March quarter results (no surprise there). I'm assuming shareholders rejected issuing new shares to cover the callable bond because the stock is below $1. So does Mesa use the Hawaiian Air refund on the bond to pay the $37.8m callable bond, or hoard it for a Ch. 11.
Does anyone know anything about the shareholders' meeting?
PHOENIX, May 14 /PRNewswire-FirstCall/ -- Mesa Air Group, Inc. ("Mesa") (Nasdaq: MESA - News) announced today that its shareholders have approved the issuance of shares of common stock as may be necessary to repurchase all of its outstanding Senior Convertible Notes due 2023. In the event the noteholders require the company to purchase all or a portion of the Notes on June 16, 2008, the Company may now elect to satisfy its repurchase obligations by issuing shares of common stock up to its authorized number of shares.
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From United States of America, joined Jun 2007, 78 posts, 
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