Mesa CEO Ornstein Buys 39,000 Shares of Stock
 

AP
Mesa Air Group CEO Buys 39,000 Shares
Friday January 18, 2:16 pm ET



Mesa Air Group Chief Executive Jonathan G. Ornstein Buys 39,000 Shares of Stock

NEW YORK (AP) -- The chief executive of regional carrier Mesa Air Group Inc. bought 39,000 shares of stock, according to a Securities and Exchange Commission filing Thursday.

In a Form 4 filed with the SEC, Jonathan G. Ornstein reported he bought the shares for $2.65 to $2.75 apiece on Tuesday.

Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

Mesa Air Group is based in Phoenix.

That's $124,410 @ Friday's close price of $3.19. Mesa Air Group recorded a consolidated net loss from continuing operations of $71.5 million in fiscal 2007, representing a basic and diluted loss per share of $(2.31) only 3 days prior.

Hmmm . . ..:confused:

Either he's trying to put his money where his mouth is or he knows something others don't and expects good things in the future.

Good things for him doesn't normally mean good things for pilots

I think that J.O is on a path to secure his position as a LAMA CEO. ( Majority ownership in the company place's him on the top for ever. He will have more votes on the board for himself than any other investor.) Mesa is doomed, I believe in the men and of woman at Mesa but if you can get out,
please do.

As the CEO of a publicly traded company JO is not able to buy a stock based on information that he knows but know one else does. That is called insider trading and it is very illegal.

Yeah, he'd never do that!:rolleyes:

http://mesalies.blogspot.com/2006/04...tein-1992.html

LOL my thoughts exactly slice. Let's not forget the whole "porn" incident either...

Sounds right up JO's alley...and maybe he can have Martha Stewart spice up his cell when he checks-in :D

What is the "porn: incident. I never heared of that, but again, I do not know much about Mesa and JO:eek:

During the recent Haiwiian Airlines lawsuit, mesa's CFO allegedly deleted files relevant to the lawsuit from company servers. The Judge threw the BS flag, and the CFO responded with this explanation/excuse: "I was surfing internet porn on company computers and wanted to delete the evidence"

Nobody bought that one, Mesa lost the lawsuit, and the CFO (a big-time FOJO) had to be publicly "fired". In reality it appears they sent him to china to work on the new startup airline.

Typical MAG Hijinks.

Not the type of criminal you want to work for, trust me.

It would be nice to round up the JOs and the Icahns, the Lorenzos and some of the other heartless executives that have molested this fine profession.

They would look good wearing pinstripes, with an inmate number on their chest...just my opinion.

FF


Added after posting...Foxcow, I agree ! The list is long.

Lets add Hulas, Tilton, Steinland, etc to that list.

JO can't buy stock, but his son and daughter can if you catch my drift.

Yeah, like thats ever stopped J.O.:rolleyes:

The man has millions of shares...80k is nothing to him if by buying the stock he can get his other shares to rise 25 cents each...in the end he makes money. Jackass!