I've seen it before where Google and Yahoo! Finance screwed up the after hours trading numbers. You are correct though that they are at 4 cents. Sometimes one trade can mess with the system.

I called it a week ago that they are close to filing, though. $500 million in debt and only $45 million in cash. Plus they have over $100 million in notes due in January and February. Suits all over the place. Over at XJT, where we are in a tight squeeze, we have about $140 million in debt with $90 million in cash. We now only have $60 million in notes due, years down the road.

In order for Mesa just to survive through January, they need some short of financing or issuing of new stock to pay off those notes. That still doesn't get them by the Delta and Aloha suits they still need to win.