DISCOVERY AIR INC 8.375 PCT DEBS T.DA.DB.A

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Minority Shareholders Update

[Alejaho]

I already gave my logic, menolittle. Removing the ability to convert the debentures into shares also removes the ability for the instrument to gain value. Its like changing a common share to a preferred. This is a fundamental change to the nature of the instrument. If there is nothing prohibiting it from happening in the debenture trust indenture then there should be. Also, the way that clairvest is reportedly buying shares of DA and then writing them off does not display any confidence in the company. I dont know what their game is, but i dont trust them, as i dont trust DA management at this point. DA was a profitable company that was buying other profitable companies, and now its losing money so that it can go bankrupt so clairvest can buy the assets for pennies on the dollar and the debenture holders get nothing. If you dont see this risk menolittle, then, either you are blind, or as i said earlier...