The stock being above $1 does not mean they will not file for BK.

Geez you guys still going on about this?:eek:

But it is significant...

JO has announced his intent to issue more stock to raise needed cash.

If it stays below $1, the stock will eventually get delisted from the NASDAQ. If delisted, it becomes MUCH harder to sell or issue stock because you essentially have to find another exchange (not likely) or sell stock to venture capitalists. VC's are NOT likely to be loose with their money in the current environment.

Sooo...if JO might not be able to raise more cash, his company could be in jeporady...which makes the stock even less desireable.

Even hanging out slightly above $1 isn't good...many exchange stock purchases are probably speculative, and if you buy a stock that subsequently get's delisted, how do you sell it quickly if needed? This whole thing is a complex feedback loop...every aspect affects every other aspect, msotly in a bad way. The only cure is to be well above $1 or get some significant good business news.

When does Mesa release their 1st quarter numbers?
I have been checking everyday...

Who knows? Dec 2009? They don't have a track of record of timeliness on those...

I thought they were short on pilots? How are they operating?

Correct me if I'm wrong, but now that the stock is over $1 and climbing, doesn't this re-set the NASDAQ delisting process? Everything I could find on the internet suggested that.

Basically everything I read said that if a stock remains under $1 for a set period of time it faces delisting. Now it's officially closed over $1.

Jetblue's not hiring, Skywest and Republic have slowed down hiring.

They need extra time to doctor the numbers. Time to make that plate of crap smell like roses.

Just a few problems with that logic:

1. Millions of dollars in debentures payable in June.
2. Pending lawsuit from Aloha.
3. Major problems with Delta, possible code share loss, spelling out the possible end to Freedom.
4. JO unable to unload unprofitable CRJ 200's on the Chinese.
5. 55 million due out to last law suit.
6. No one to unload the ERJ 145's that were based in JFK.
7. Fuel and market instability risk, in combination with all of the above, combined with high pilot attrition rate.

What do you think is going to happen?