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Old 02-12-2009 | 04:50 PM
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TheDashRocks
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From: DHC-8 CA Furloughed
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Originally Posted by Pontius Pilot
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.
Unless a reverse stock split occurs, like Express Jet.
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