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Old 02-12-2009 | 12:25 PM
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Pontius Pilot
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Joined: Feb 2008
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From: CRJ FO
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Its definitely a duplicate thread...but I don't think everybody reads through all available posts to determine whether or not they are re-hashing something...nor should they be required to. Free exchange of ideas and all that.

Mesa has 60 days from January 5th to comply with the NASDAQ listing regulations - i.e., it must have an average value of $1.00 or greater for 10 consecutive business days or it will be delisted. They have successfully fought delisting a few times now, but I doubt they will be able to continue. When the stock is finally delisted it will be worthless. So it doesn't matter how cheap it is right now, eventually it won't have an exchange to trade on.

I don't foresee them being able to raise the price to $1.00 any time in the near future. People are looking for bargains right now, but they will steer clear of the airlines because of the lack of ability to raise money. Analysts know our industry is in trouble and it isn't going to turn around any time soon. As a result, nobody is going to touch this stock in the near future. I don't care how savvy the management is.

Then there won't be any more Mesa stock threads at all.
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