Mesa receives Nasdaq delisting notice
06-23-2008, 06:37 AM
#1
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Mesa receives Nasdaq delisting notice
Don't blame me....I'm just the messenger. Well its day one....stock is currently at 0.51 per share. All they need is 1.00 for 10 days in a row!!!
Mesa Air Group announced Friday it has received a Nasdaq determination letter indicating the company doesn't comply with the minimum bid price requirement for continued listing.
Mesa (Nasdaq: MESA) said it has been given 180 calendar days, or until Dec. 15, to regain compliance. Mesa will regain compliance if the bid price for its common stock closes at $1 per share or more for a minimum of 10 consecutive business days.
If Mesa doesn't regain compliance, Nasdaq will notify the company that its securities will be delisted. Mesa said it intends to request a hearing if it doesn't regain compliance.
Mesa, parent company of Hawaii interisland carrier go! airlines, received the notification because its shares closed below the minimum $1 for the last 30 business days.
Shares of Mesa stock closed down 5 percent to 56 cents.
Mesa Air Group announced Friday it has received a Nasdaq determination letter indicating the company doesn't comply with the minimum bid price requirement for continued listing.
Mesa (Nasdaq: MESA) said it has been given 180 calendar days, or until Dec. 15, to regain compliance. Mesa will regain compliance if the bid price for its common stock closes at $1 per share or more for a minimum of 10 consecutive business days.
If Mesa doesn't regain compliance, Nasdaq will notify the company that its securities will be delisted. Mesa said it intends to request a hearing if it doesn't regain compliance.
Mesa, parent company of Hawaii interisland carrier go! airlines, received the notification because its shares closed below the minimum $1 for the last 30 business days.
Shares of Mesa stock closed down 5 percent to 56 cents.
06-23-2008, 07:47 AM
#3
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Mod note:
Can we keep the dialouge meaningful and leave out useless flamebait replies?
Can we keep the dialouge meaningful and leave out useless flamebait replies?
06-23-2008, 07:58 AM
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Originally Posted by de727ups
Mod note:
Can we keep the dialouge meaningful and leave out useless flamebait replies?
Can we keep the dialouge meaningful and leave out useless flamebait replies?
yes, Mesa dissapearing would be a meaningful contribution to the rest of the profession.
06-23-2008, 08:09 AM
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what does delisting actually meen? but i have a funny feeling JO will find a way to weasle himself out of this one.
06-23-2008, 08:31 AM
#6
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This is a repost.
06-23-2008, 08:40 AM
#7
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Originally Posted by AmericanEagleFO
This is a repost.
http://www.airlinepilotforums.com/sh...ad.php?t=27710
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