Mesa CEO Ornstein Buys 39,000 Shares of Stock
01-19-2008, 02:57 PM
#1
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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 . . ..
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 . . ..
01-19-2008, 06:16 PM
#4
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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.
please do.
01-19-2008, 06:53 PM
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Originally Posted by flycrj200
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.
http://mesalies.blogspot.com/2006/04...tein-1992.html
01-19-2008, 07:50 PM
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Originally Posted by flycrj200
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.
01-20-2008, 06:26 AM
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Originally Posted by fosters
LOL my thoughts exactly slice. Let's not forget the whole "porn" incident either...
01-20-2008, 06:50 AM
#10
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Originally Posted by flycrj200
What is the "porn: incident. I never heared of that, but again, I do not know much about Mesa and JO
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.
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