Originally Posted by
seafeye
Maybe US Airways will buy Mesa and put an end to the maddness?
With shares at .03 i wonder what they can be bought for?
The company is in Chapter 11. The stock price means nothing. Normally the stock will be wiped out and its value will be 0 when the company emerges from Chapter 11. They generally reissue new stock for sale. Original stockholders are left with nothing. They don't even get any new shares.
If you want to purchase the company in chapter 11 you can submit a POR after the exclusive period runs out for mesa to submit their own plan. You would negotiate with the creditors committee in that case.