SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : mxp (mesa Inc)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ron Schipper who wrote ()3/12/1997 8:42:00 AM
From: Frederick Smart   of 394
 
Heads up all Series A holders. I've been doing some research and what I suspected should prove to be true. The 8% PIK gravy train won't be running that much longer. Very shortly we should expect Mesa (ie. Rainwater) to offer us a premium for our preferred shares. The premium paid would be a small price to pay, given the great long term prospects for this company. To effect this Mesa needs a 2/3rds vote in favor of conversion to common stock. With Rainwater holding 50+% of the cards, getting the addional 16-17% is a slam dunk at this point. I expect this to be announced very shortly. Before you know what's happening you'll get called out of your position - happy for the return, short or intermediate term - but sorry to be out if you were to take yourself out another year or more as this thing begins to gather some real steam.

I would be a buyer of both the common and preferred in this range to take advantage of this deal and also ensure you won't be bought out prematurely. The time is right for Rainwater to strike.

Good luck to all!
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News