Mesa Insider Trading
 

I'm not an investor, but as a Mesa pilot I kinda wondered how JO was trading his Mesa stock. Since it's public info, can any investors out there read between the lines using this info?

Date, Insider, Shares, Transaction Value

2/19/08 ORNSTEIN, JONATHAN G.,
Chairman 2,000 Buy at $2.80 per share. $5,600
2/19/08 ORNSTEIN, JONATHAN G.,
Chairman 5,000 Buy at $2.67 per share. $13,350
2/19/08 ORNSTEIN, JONATHAN G.,
Chairman 2,000 Buy at $2.80 per share. $5,600
2/14/08 ORNSTEIN, JONATHAN G.,
Chairman 10,000 Buy at $2.79 per share. $27,900
1/15/08 ORNSTEIN, JONATHAN G.,
Chief Executive Officer 5,000 Buy at $2.75 per share. $13,750
1/15/08 ORNSTEIN, JONATHAN G.,
Chief Executive Officer 12,000 Buy at $2.73 per share. $32,760
1/15/08 ORNSTEIN, JONATHAN G.,
Chief Executive Officer 10,000 Buy at $2.65 per share. $26,500
1/15/08 ORNSTEIN, JONATHAN G.,
Chief Executive Officer 12,000 Buy at $2.72 per share. $32,640
4/1/07 ORNSTEIN, JONATHAN G.,
Chairman 50,000 Acquisition (Non Open Market) at $0.00 per share. $0
7/14/06 ORNSTEIN, JONATHAN G.,
Chairman 49,505 Acquisition (Non Open Market) at $0.00 per share. $0
4/4/06 ORNSTEIN, JONATHAN G.,
Chairman 29,598 Sell at $11.06 per share. $327,354
4/3/06 ORNSTEIN, JONATHAN G.,
Chairman 50,000 Sell at $11.34 per share. $567,000
2/10/06 ORNSTEIN, JONATHAN G.,
Chairman 2,000 Proposed Sale (Form 144) N/A
2/9/06 ORNSTEIN, JONATHAN G.,
Chairman 130,200 Sell at $12.60 - $12.61 per share. $1,641,171
2/9/06 ORNSTEIN, JONATHAN G.,
Chairman 100,000 Option Execute at $4.04 - $4.90 per share. $447,000


2/20/08 LOTZ, MICHAEL,
President 5,000 Buy at $2.72 per share. $13,600
4/1/07 LOTZ, MICHAEL,
President 33,333 Acquisition (Non Open Market) at $0.00 per share. $0
7/14/06 LOTZ, MICHAEL,
President 33,003 Acquisition (Non Open Market) at $0.00 per share. $0
4/4/06 LOTZ, MICHAEL,
President 23,380 Sell at $11.07 per share. $258,817
4/3/06 LOTZ, MICHAEL,
President 40,000 Sell at $11.23 per share. $449,200
2/9/06 LOTZ, MICHAEL,
President 100,000 Option Execute at $4.04 - $4.90 per share. $447,000
2/9/06 LOTZ, MICHAEL,
President 100,000 Sell at $12.61 per share. $1,261,000
2/8/06 LOTZ, MICHAEL,
President 75,000 Sell at $12.61 per share. $945,750
2/8/06 LOTZ, MICHAEL,
President 75,000 Option Execute at $4.04 per share. $303,000


3/12/08 PARKER, MAURICE A.,
Director 9,000 Acquisition (Non Open Market) at $0.00 per share. $0
3/3/08 BELESON, ROBERT,
Director 9,000 Acquisition (Non Open Market) at $0.00 per share. $0
3/3/08 ALTOBELLO, DANIEL JOSEPH,
Director 9,000 Acquisition (Non Open Market) at $0.00 per share. $0
3/3/08 NOSTRAND, PETER,
Director 9,000 Acquisition (Non Open Market) at $0.00 per share. $0
3/3/08 THAYER, RICHARD R,
Director 9,000 Acquisition (Non Open Market) at $0.00 per share. $0
3/3/08 MANSON, JOSEPH L.,
Director 9,000 Acquisition (Non Open Market) at $0.00 per share. $0
3/3/08 BONILLA, CARLOS E,
Director 9,000 Acquisition (Non Open Market) at $0.00 per share. $0
2/20/08 LOTZ, MICHAEL,
President 5,000 Buy at $2.72 per share. $13,600

Not sure what you are getting at, but there isn't much recent action except for JO. All that shows is he lost of a lot of capital value in the last few months if he was buying at $2+ a share.

Sometimes the top brass will buy up stock just to stabilize a falling share and promote stability to their shareholders. Who knows really, but unless they have something up their sleeve airline stock might not be a good place to park cash.

It is going to get real interesting to see what happens when mesa stock starts trading at around $0.30, per share.

Karma is a
B%@*h!!!

Actually, you may be closer to the truth than you think. JO and team bought just after 2007 year-end results were published (on 1/15/2008) and just after the 10-Q was published (2/14). Both reports were negative. I think they were trying to show "management confidence" in the company. Goes to show that they potentially misread what was/is coming at them.

Mesa is a criminal company ya'll. I hope anyone that reads this thread never applies there. No one should work for a rich crook such as Ornstein.

Don't worry. Ornstool's day of reckoning is coming. He has his fingers in so many illegal activities that at least one will come to roost soon. Wouldn't be the first time he got pinched for illegal activity.

the funny thing, it is the spiral will continue as the NASdaq delists mesa....oh wait for it, ANOTHER lawsuit there too!

mesa represents everything that is foul and obscene. From the sub-human treatment with regard their employees, to the cut throat tactics they utilize to any corporate entity that is unfortunate to have business dealings with mesa.

The day mesa no longer exists, is truly a day worthy of celebration!!

Oh yeah, and

MESA SUUUUUUUUUUUUUUUUUUCKS!!!!!

Very productive post. Quite informative, contributing without question.

Don't you have anything better to do?