Mesa Stock
03-11-2009 | 07:28 AM
#1
Thread Starter
Line Holder
Joined: Jul 2008
Posts: 77
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Mesa Stock
I'm really confused here. How can Mesa still be allowed to trade on the Nasdaq when their shares are down to 0.0520 ?
Am I missing something?? Wouldn't they scrap the stock and consider it penny-stocks and take it off the active trading market??
Am I missing something?? Wouldn't they scrap the stock and consider it penny-stocks and take it off the active trading market??
03-11-2009 | 08:32 AM
#4
Gets Weekends Off
Joined: Jun 2008
Posts: 186
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From: Hawker 800XP/G280 PIC
I heard they suspended the delisting rule due to the crappy economy and the fact that there are so many stocks trading below $1. I'm pretty sure whatever the time limit was mesa has exceeded it.
03-11-2009 | 09:01 AM
#7
Gets Weekends Off
Joined: May 2008
Posts: 109
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From: PIC
It's kinda interesting that not only myself was or is watching this. I sat at my computer half that night looking at this stock and having all kinds of ideas in my head. Anyway, I hope the best come sout of this.
03-11-2009 | 09:31 AM
#8
Che Guevara
Joined: Aug 2005
Posts: 6,408
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There was a delisting ban however that was dropped in Jan I believe and they had till june to get the price back up. I could be wrong on those dates but I think I'm in the ballpark. This one's not really worth looking up 
03-11-2009 | 11:47 AM
#10
Prime Minister/Moderator
Joined: Jan 2006
Posts: 44,848
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From: Engines Turn or People Swim
The delisting moratorium has been canceled, and MAG has been notified that they will be delisted if they cannot get the stock above one dollar for ten consecutive days...I think they have another month or two.
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