Nasdaq says Mesa risks delisting

January 4, 2008 7:38 PM ET

Mesa Air Group, parent company of go! interisland airline, has received notice from Nasdaq that it risks delisting for failing to file its 10-K, according to a filing with the Securities and Exchange Commission Friday.
Mesa (NASDAQ: MESA) failed to file its 10-K for the fiscal year ended Sept. 30. The company announced last week that it had delayed the filing until Jan. 15.

Mesa said it plans to request a hearing before a Nasdaq listing qualifications panel.

The company said that it expects to meet the projected filing date, which will precede its hearing.

http://news.moneycentral.msn.com/pro...104&id=7997157


I will admit my stupidy, I'm not sure what this 10-K report is, but there stock has been around $2.00 per share (give or take a few).....and nothing in their favor so far from the Hawaiian law-suit, but it doesn't look to good for them!

 

Ooh, Schadenfreude!

 

The 10-k is the annual report. Not the slick published kind for public consumption, but the SEC mandated annual report and statement of financial condition. Delaying the release of this is not a good thing.

 

Maybe JO is trying to hide the fact they are pulling an Enron.

 

They may have delayed the filing in order to provide more definitive information on the pending outcome of the Go! lawsuit. If it gets delayed any further than Jan 15, I think that would be a bright red flag.

 

Smells just like Enron. I think some books are getting padded. I think the feds should investigate.

 

Or scrub every computer, laptop, and TI-82 of "porn"

 

Over/Under on whether or not Mesa is around in TWO years?

My bet is on the UNDER!

 

You should be more concerned with what airline JO will ruin next. It won't be good for pilots in the industry regardless.

 

As mentioned, the 10K is a report the SEC that every publicly traded company has to make. Here is what they look like:

http://finance.yahoo.com/q/sec?s=MESA