Originally Posted by
Rabid Seagull
...or if the stock looks like it'll stay at .29, they can do a 10 for 1 reverse stock split and magically make the stock worth 2.90 overnight (for 10 consecutive days of course
). I don't think the NASDAQ/ delisting is that big of a deal....but I don't know, I just drive the bus
Yeah it will have to be about 100 to 1. They just approved about 800 million more shares so that should dilute the shares to pennies... I'm sure that JO will find some way to screw everyone though... My guess, he drops the stock down to .02 while the bondholders try to cash in and get any bit of money they can, he gets mesa out of its debt obligations and then buys 500 million shares at 2 or 3 cents. Immediately after that MESA announces a company stock buyback making him a billionaire, he then buys delta and American and the entire US aviation system collapses causing a catastrophic worldwide depression and the US is turned into a third world country...