Just like it was near when they were negotiating the bonds… just like it was near when they couldn’t find pilots… just like it was near for the last 3 years.

Keep dreaming. There not going away anytime soon.

This spring they did a reverse stock split that helped them pay the bonds. It was a drastic, last minute move of desperation that help them last a lil longer, but Mesa is indeed on its deathbed.

This may help:
Investopedia explains Reverse Stock Split
For example, a 1-for-2 reverse split means you get half as many shares, but at twice the price. It's usually a bad sign if a company is forced to reverse split - firms do it to make their stock look more valuable when, in fact, nothing has changed. A company may also do a reverse split to avoid being delisted.

That is funny. Thanks for the help but I don't need any financial education from you. If your basing your opinions on a reverse stock split I suggest you put your money into something safe like a CD.

Like I said, keep dreaming.

To the pilots at Mesa:

If you think the MEC is being fair with this whole PBS problem, let me give you something to think about. I am in no way affiliated with Mesa but I do have friends there, some of which are part of the MEC. This is coming straight from them:

About 85% of the MEC DOES NOT WANT to send PBS to the pilot’s to vote. The 15% that do are quickly being lectured on why they shouldn’t send it to the pilot’s to vote. These are mostly the senior guys that are greatly benefiting from PBS.

Keep that in mind when you write to the MEC. The pressure to vote on it must come from the pilot’s.

I know a few good people at Mesa too. Not ONE of them is running the show. Actually I don't know any pilots at any airline that are running the show.

SECONDLY a PA-44 is a Seminole. :cool:

They did not do a reverse stock split. Mesa ADDED shares.
Express Jet did.......1-10 I believe.
You are a anti Mesa drama queen.

Thank you for clarifying that. I was actually looking through the financials myself because I could have sworn up and down that I don’t remember a reverse split happening.

A lot of people like him live in fantasy land…

I'll know the end is near if/when JO disappears out of country. He is the king rat and if you know he has a golden raft (to stick with the boat analogy) ready and waiting for him.

I'm still surprised they haven't been delisted yet, I thought that was supposed to happen months ago. I guess I don't understand the stock market well enough.

They had 6 months to get their stock up to a dollar. Then they had 12 months, then it was postponed again due to the economy. What is more interesting is that Mesa didn't reverse split the moment they went below a dollar like Xjet did. That tells you a whole lot about the quality of operation they got and their intention of delaying the inevitable. I don't think there's anyone out there that uses the stock as a way to gauge how Mesa is doing. Despite all the hype, and with the exception of those that got in when it was 5 cents..... the stock has been at the SAME level pretty much all year, everyone knows it's worthless and it's full of day traders.... MESA BE POPPIN! Get Ready of Takeoff!

I'm not even sure I understand What The EFF that means. I'm a furloughed Mesa pilot, and for the most part everyone I know hates PBS, even a few of the senior guys do because the results are (1) NOT reliable and (2) are subject to more than a little manipulation by management with little "tricks" like "Unstacking". Not to mention FLiCA and PBS are not even close to being in sync because of Management manipulation of the system.

If you don't know what you're talking about, sometimes it's better to just say nothing. Peace out.