Nasdaq update on MESA
 

Mesa recieves Nasdaq delisting notice, to report year-end results this week - Pacific Business News (Honolulu):

Delisting notice has been officially sent...:eek:

Mesa Air Group is facing delisting from Nasdaq and will announce its annual results this week.

The parent of interisland carrier go! airlines announced in a filing with the Securities and Exchange Commission Monday that it received a letter from Nasdaq that said the company fails to comply with the filing requirements for continued listing and is subject to delisting.

Phoenix-based Mesa (Nasdaq: MESA) said it has been given 180 days, or until June 29, 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.

Mesa stock was at 29 cents in afternoon trading.

The company also announced late last week that it will release its fourth quarter and annual results on Tuesday.

what will happen now?

MESA - Mesa Air Group, Inc. - Google Finance

How will this effect JOs latest attempt to save his Golden Parachute?

Hopefully he gets a Golden Shower, rather than a Golden Parachute.
:D
Either way it's still more than he deserves.

Next article on the same webpage...
 

Mesa Air Group Inc. could be delisted from the Nasdaq Stock Market, but says it is taking action Monday to file its annual report with the U.S. Securities and Exchange Commission.
The Phoenix-based regional air carrier (Nasdaq:MESA) reported Monday that it received a letter from Nasdaq saying it is out of compliance with listing requirements and has 60 days to submit a plan of for meeting those rules.
Mesa said the notice arises from its failure to file its 10-K report for the fiscal year ended Sept. 30 on time and that it intends to file the form later Monday and announce its earnings Tuesday, thus regaining compliance.
Mesa operates 159 aircraft with more than 800 daily departures to 124 cities, 38 states, the District of Columbia, Canada, the Bahamas and Mexico.


Cockroach.

Golden showering JO would be my honor

So they'll have 10 days to get it up to 1.00 or they'll be de-listed?

no, they have 6 months to get it back up to $1 for a MINIMUM of 10 consecutive business days... If they dont do that, THEN they get de-listed

...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

Then what was the point of the de-listing 6 months notice they got in mid 08??

You're right, first you have to make money.