With that option you most likely won't get anything, depending on where you stand on the creditor ladder. At least with option #1 you can try and sell the shares (which if that happens and mass shares are sold that will drive the price downward) but you get something. Probably more than what you get in BK.






OO.

Mesa has over $500 million in assets, according to their filings. That seems like a lot that can be grabbed up in liquidation.

They can only get what people are willing pay and since a BK court isn't in the business of selling assets I'd bet they only get pennies on the dollar for their assets.

I don't know how much MESA owes in total. I don't know who the creditors, bondholders or shareholders are (I know I am not any of those). Most likely they are not individual people but corporations, funds, etc. I don't know how this is going to play out, but JOe is a c*ckroach and knows how to survive. We'll all have to wait and see.








OO.

The book value of a large portion of Mesa's assets is likely to be greater than the market value. (This is normal under standard accounting rules.) Looking at the most recent financial information available, I believe in a bankruptcy scenario stockholders would get nothing and bondholders would get pennies on the dollar.

Not to mention in March there are more bonds that can become due....the market and investing is a gamble....the 1 thing that is definite IF Mesa declares BK it is GAME OVER!

I hate JO as much as the next former employee, but I can't pick a side on how I would like this to turn out because there is so much for all sides to lose. Now if this resulted in the company continuing without JO and his cronies, then that would be at the top of my wish list!

I find it hard to believe the board of directors hasn't 86'ed him, given his achievement of devaluing the shareholders investment to almost nothing. Does that not raise an eyebrow? It almost smells of some type of fraud.

For the sake of the employees, it's the management team that needs to sink - not the company. Unfortunately, they might be to far gone for a solution that eloquent.

Mesa Board + JO x Money = Fraud.

They have all sorts of side companies together which is why JO is still where he is.

That would be the 50ish airplanes we own (a mix of -200's, -700's and mostly -900's.

Example: One of JO's companies owns the hotel we use in PHX to put up F/A's and pilots during training.

He pays himself, from himself. There are many other such examples.

So I have a question, might be very stupid but I'm not too smart when it come to the SEC and NASDAQ, if MESA's stock ends up sitting below the $1.00 mark and there is not significant trading, which is happening and will most likely sill occur after the new shares come out, won't they be delisted? If someone who has a good working knowledge of this could enlighten me that would be great.