Thread: Mesa Stock
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Old 03-11-2009 | 03:48 PM
  #15  
powrful1
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Joined: Jan 2008
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From: R U Serious?
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Well the other problem is the bond holders that took the stock deal....last month there was 75 million shares....today there are about 106 million and change. When the flooding is done there will be about 975 million at the very least.....this will further pressure the stock downward.

Fast forward to this being done and if the shares have any value you would be looking at about 1 cent. That would mean there would have to be a 9,750,000 to 1 split minimum. Of course a reverse split would also pressure the stock lower, so you would really have to shoot for a 10,000,000 to 1.

So the chance of coming out of this without being delisted slim to none, although being delisted isn't the end of the world...that would be losing the Delta injunction where the clock is ticking on that.
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