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Originally Posted by BURflyer
(Post 536342)
Then what was the point of the de-listing 6 months notice they got in mid 08??
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Originally Posted by Rabid Seagull
(Post 536341)
...or if the stock looks like it'll stay at .29, they can do a 10 for 1 reverse stock split and magically make the stock worth 2.90 overnight (for 10 consecutive days of course
). I don't think the NASDAQ/ delisting is that big of a deal....but I don't know, I just drive the bus |
Originally Posted by flyingkangaroo
(Post 536423)
Yeah it will have to be about 100 to 1. They just approved about 800 million more shares so that should dilute the shares to pennies... I'm sure that JO will find some way to screw everyone though... My guess, he drops the stock down to .02 while the bondholders try to cash in and get any bit of money they can, he gets mesa out of its debt obligations and then buys 500 million shares at 2 or 3 cents. Immediately after that MESA announces a company stock buyback making him a billionaire, he then buys delta and American and the entire US aviation system collapses causing a catastrophic worldwide depression and the US is turned into a third world country...
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May 6th was the last time Mesa stock was over $1
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Originally Posted by flyingkangaroo
(Post 536423)
Yeah it will have to be about 100 to 1. They just approved about 800 million more shares so that should dilute the shares to pennies... I'm sure that JO will find some way to screw everyone though... My guess, he drops the stock down to .02 while the bondholders try to cash in and get any bit of money they can, he gets mesa out of its debt obligations and then buys 500 million shares at 2 or 3 cents. Immediately after that MESA announces a company stock buyback making him a billionaire, he then buys delta and American and the entire US aviation system collapses causing a catastrophic worldwide depression and the US is turned into a third world country...
flyingkangaroo = JO? Side note: Just because MESA is authorized to issue up to 900M shares doesn't mean they will. MESA can issue anywhere from none to 900M, so the stock price won't actually be diluted until MESA knows the price of the stock the shares will be issued at. The price will be determined on a 5 day average sometime at the end of the month. OO. |
Originally Posted by OscarOscar
(Post 536475)
flyingkangaroo = JO?
Side note: Just because MESA is authorized to issue up to 900M shares doesn't mean they will. MESA can issue anywhere from none to 900M, so the stock price won't actually be diluted until MESA knows the price of the stock the shares will be issued at. The price will be determined on a 5 day average sometime at the end of the month. OO. |
From CNBC:
Jan 13 (Reuters) - Mesa Air Group Inc: * Says received notice of US Airways Group intent to cut one CRJ-200 in January 2009, one in July 2009 and one CRJ-200 in January 2010 * Sees US Airways to continue to further cut number of covered aircraft in accordance with pact - SEC filing * Air's auditor says expressed adverse opinion on co's internal control over financial reporting because of a material weakness ((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. |
Originally Posted by flycrj200
(Post 536894)
From CNBC:
Jan 13 (Reuters) - Mesa Air Group Inc: * Says received notice of US Airways Group intent to cut one CRJ-200 in January 2009, one in July 2009 and one CRJ-200 in January 2010 * Sees US Airways to continue to further cut number of covered aircraft in accordance with pact - SEC filing * Air's auditor says expressed adverse opinion on co's internal control over financial reporting because of a material weakness ((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. |
Originally Posted by Rabid Seagull
(Post 536341)
...or if the stock looks like it'll stay at .29, they can do a 10 for 1 reverse stock split and magically make the stock worth 2.90 overnight (for 10 consecutive days of course
). I don't think the NASDAQ/ delisting is that big of a deal....but I don't know, I just drive the bus Nose dive! |
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