MESA = Private company
Correction: It's NOT like there are a lot of pilot jobs...
that's crazy. I wonder what their real status is? Pilots have gotta be trying to leave there ASAP but then again its like there are a lot of pilot jobs in the U.S.
Any idea how the job market is for pilots in the U.S.?
Ornstein is a dirtbag so I'm not feeling to badly for him.
Thwy are still hiring, but I wouldn't touch it while it is still in bankruptcy:
Apply online for the following Mesa Air Group positions:
Close Date Job Title Location Apply
9/5/2011 Dispatch Supervisor Phoenix, AZ Apply
9/5/2011 Dispatcher - ASU/MPD Williams Gateway - Mesa, AZ Apply
9/6/2011 Flight Instructor Williams Gate Way Mesa, AZ Apply
9/30/2011 Quality Control Inspector Oklahoma City, OK Apply
9/30/2011 Quality Control Inspector Charlotte, NC Apply
Hole in One credibility..................
Oh my! I haven't looked in on MESA since 5/1/2009 when I bought in @ 0.18 and sold five days later @ 0.1818 as my confidence level just couldn't hold up. I'm sure that it must have had some action over the last couple years, but obviously the charts are gone from view, at least where I have looked thus far.
Apparently it all has caught up with these folks. How would you like to be a passenger on an aircraft with this management profile?
I honestly regret investors losses here. But none of this should have been too great of a surprise.
One of the directors of MESA is tied to another class action from stockholders of his other company. He sits on the board of PolyMedica Corporation as well. Looks like a pattern of cheating.
HARTFORD, Conn., Dec. 20 /PRNewswire/ --
A class action lawsuit has been filed in the United States District Court for the District of Massachusetts on behalf of all persons who purchased the common stock of PolyMedica Corporation (Nasdaq: PLMD) from September 3, 1999, to November 17, 2000, inclusive (the "Class").
Plaintiff is represented by the law firm of Schatz & Nobel, P.C., which has significant experience prosecuting class actions on behalf of investors.
What comes around goes around!!! I will not be flying Mesa or United ever. You cannot expect to run business in this manner always screwing the people who have helped you. Hope they can make it on their own because no one will ever trust to invest stock with them again!!!!!!!
I agree we should be entitled to our money!!!! This to me is criminal. they kept taking our money probably knowing they wouldn't pay us back S---. I am all in to filing legal actions if at all possible.
I think that the unrest that we are seeing in Europe, Mid-East and Northern Africa is not far from our own doorstep. It is sad to say but you can feel the tensions rising between the haves and the have nots. Those that work for a living and those that fleece it.
It is too bad that MESA and other companies like them can't see the damage they do to their bottom line when they live strictly for it. I know many people in Arizona will never fly with them again. Unfortunately, if the government doesn't tighten up the BK laws this game will be replayed over and over.
Man doesn't know how to think about anyone other than themselves so I don't plan on anything changing anytime soon.
MESA employees have supported their employer as the company has struggled over the years, investing in the company and believing it was the right thing to do. Funny thing, even tho they are now "bankrupt", business is as usual, MESA planes are still flying and fortunately people still have jobs- for now. It is criminal that MESA has been able to rob from shareholders, take no responsibility for their actions and screw the people who helped them along the way. But this seems to be a pattern for MESA. Somebody(ies)at the top is laughing all the way to the bank...
I'm all for an investigation but seems like many on this board think the fat lady has sung!
Has anyone actually talked to a lawyer to see if it would do any good to file a claim before the deadline mentioned in the papers that they sent out? April 5th is the "Rejection Claim Bar Date". "Holders of Rejection Damages Claims (Is that us, the shareholders?) who fail to file Rejection Damages Claims on or before the Rejection Claim Bar Date shall be forever barred from asserting such Rejection Damages Claims against the Debtors, the Reorganized Debtors, the Liquidating Debtors, or the Estate Assets, or sharing in any distribution under the Plan."
CREDITORS MAY WISH TO CONSULT AN ATTORNEY TO PROTECT THEIR RIGHTS.
If someone has already talked to an attorney, it would be helpful to the rest of us to hear what was learned. I, too, am reticent to throw good money after bad if there is no hope.
it hit a hole, thats for sure
AHAHAHAHAHAHAHAHAHAHAHA.....funny funny FUNNY.
"Our analysts team have completed in depth research on MESAQ.PK"
The whole stock market is a scam.
Sorry for your losses, but I got out last year when they first announce the Chapter 11. You will learn too that when a company goes bankrupt, that's when it is time to leave. They all end up the same way, cancelling the common shares and screwing the shareholders. You can try the class action lawsuit but even if you win, you will still lose because the lawyers will take all of the winnings and you will be screwed again. My advice is to just learn from this scam and move on, that will save you a lot of headaches.
For the common SHs it ends up being the same thing; going private( with creditors taking over) or ch7.
Best to just get over about your financial lossfrom this and move on.
the plane crashed w/no survivors
It looks like it is a notice of deadline for filing executive claims. I don't think that would pertain to any of us here. Anyone else with further clarification?
I received the legal docs and am trying to interpret as well. There is an April deadline, so we need to figure it out soon!
How I can demand and protest to the company from my country, in Europe, or join to other persons who also have been harmed by this process of bankruptcy?
Can someone give me, though it performs a general way, information since individual protests or collectivly like harmed by the company?
Last post here. Good luck on the class action lawsuits, or whatever litigation you might be a part of. 30 and out.
In a word, yes. On March 1 the company emerged from Chapter 11 and shares were cancelled. Creditors took ownership of the company, old shareholders received nothing. If you still have shares in your account they will disappear in a few days. There is no market for them, no way to buy or sell them. They are worthless, even if they might show a value.
When I say that I do not see rightly what happens with our shares, it is not an opinion, I am sure of that they estan taking advantage of our disability to take legal measurements, but from any point of view, the chapter 11 of the law of bankruptcy, when a company is select, only it can turn out select after paying all, creditors and shareholders.
And they have not paid us to, I possess bought shares when they were quoting in nasdaq, not in OTC, ¿since it can be that the culprits of the bankruptcy continue at the head of the company? I am sure that they had information of which we dont had, and they could sold in time of his shares.
I DONT UNDERSTAND.
I'll feel better when I buy nothing from that crap anymore.
it takes few weeks before your broker will remove the shares from your account, 'til then you'll see closing price of 0.003. GLTA
idem in my account.
Maybe, justice take place and the shares gonna be converted into New shares or cash.
My value did not zero out. My portfolio still shows X number of shares to MESAQ @ .003 with trading closed.
Holding pattern for possible new stock replacement????
If you play US stock market long, expect to be F*** out of your money. Short side is much more promising. Look how much effort the co has to put in for stock to rise, while when you short all you have to do is find weak co ( there are plenty of those) for it to fall hard. In this case MESAQ was a great short. KUDOS to shorts.
A little common sense here guys. What they are trying is illegal and recoverable. Chapter 7 the stockholders are screwed. But this was chapter 11 and with restructuring, the creditors get paid and then the shareholders get paid. The judge can rule anything he wishes in the hopes its not appealed but a clas action suit is an appeal of a judges orders and in such can overturn the bankruptcy rulings. I did read somewhere that share holders will be issued new stock. What ratio I dont know and if true I dont know for I cant find where I seen it before, but lets see this play out for a bit and then decide to get a legal mouth piece or cut losses.
Yes, I am the ingenuous one, but nobody can deny this to me: they can accuse me of trying to extract any benefit on having invested in MESA, yes, BUT is not it obvious that it is not just that the culprits of having led to the bankruptcy to the company, his administrators, follow at the head of a company strong, select and promising, when we, since theoretical partners we have lost everything?.
And the law of bankruptcy, which so much I have investigated these days, is not it a legal trap to favor the corruption?.
Restructuring: Mesa Air Group Investor Q&A
Impact on Shareholders
1. I am a shareholder, what happens to my stock?
There is no assurance as to what value, if any, will be ascribed in the Chapter 11 case to Mesa’s existing common stock or any other equity securities. See also paragraph no. 5 below for more information regarding trading of the Company’s common stock.
2. Do shareholders receive payments if shares are cancelled under a reorganization plan?
Creditors have priority over shareholders under the provisions of the U.S. Bankruptcy Code. Shareholders are not entitled to receive a recovery under court-approved reorganization plans until all creditors and others ahead of shareholders in priority receive payment in full.
We all understand what you are saying PORT. I am in the same crash and burn scenario. I was a big owner before it went PINK. I trusted them to be honest but in the end they played like any business would I guess. They didn't want to be beholding to a massively diluted stock so they wiped us out in order to please the new stock holders...the creditors...minus us. The real screwing happened when we requested to form an EC and the BK Court denied our requests. We did not have the leverage then and we don't have it now.
It wasn't personal....it was business. Right?
Catch the THIEVES !!!!!!
All my share i buy it when they are not in otc, i had MESA shares, i dont try lotto, i buy a little part of a company, admins fuck it, then out with the ceo and admins, pay creditors, shareholders, and if company is reestructured, go with other admins more competents.
THIS IS A THEFT, THE COMPANY ADMINS ARE IN THE FRONT OF THE SAME COMPANY, MORE STRONG, THE SAME CEO AND ADMINS THAT SICK MESA, AND THE MONEY INVESTORS ARE OUT, I DONT UNDERSTAND, THIS IS A OBVIOUS THEFT.
The dirtbags should be required to go Ch 7. Common SHs would still be left with 0 but at least management couldn't snake their way out
port Try the lotto instead. but WTFDIKQ
Air Midwest, a wholly owned subsidiary of Mesa Air Group, and doing business as Mesa Airlines, operates a fleet of twenty 19-passenger, Raytheon 1900D Aircraft. Air Midwest primarily services federally subsidized markets across the country.
Mesa Air Group, Inc., through its subsidiaries, provides scheduled passenger and airfreight services. It carries passengers, as well as freight and express packages on its passenger flights. The company also has interlined small cargo freight agreements with various other carriers. In addition, Mesa Air Group contracts with the U.S. Postal Service for carriage of mail to the cities it serves. Further, it occasionally operates charter flights. As of September 30, 2007, the company operated a fleet of 182 aircraft with approximately 1,100 daily departures to 184 cities in the United States, the District of Columbia, Canada, the Bahamas, and Mexico. Mesa Air Group was founded in 1980 and is headquartered in Phoenix, Arizona.
Mesa Air Group filed voluntary petitions to reorganize under Chapter 11 of the U.S Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York on January 5, 2010. The case number is 10-10018 and is being presided over by the Honorable Judge Martin Glenn. Interested parties can find updates and additional information at the Company's website at www.mesa-air.com. Imperial Capital is serving as financial advisor, and Pachulski, Stang, Ziehl & Jones LLP is serving as legal counsel to the Company and its subsidiaries in connection with the restructuring.