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If we have another big volume day things might get interesting.
If you can get the shares to short.
How about that!Stock is down 46% and I'm hopeful that the risk takers will take this higher.
Cancelled stock usually means zero valuation.Monday morning may be the end of the plane ride.The Mgt of the company IMO deceived the investors.Now the investors pay the price.BOL to all.
This p/s in MESAQ is almost identical to that of SSCCQ a few months ago.Nice money was made on SSCCQ by trading the p/s ranges.
Congrats to those who bought below 3 cents.
Isa and poohbear...its been a long time.
Hopefully a floor has been set on this stock.
THANKS..
WE have been down this path before.A nice gain with no follow up in price or volume the next.We have all been there and done that.We need a nice percentage move with volume followed the next trading day with a nice gain and volume.If that occurs IMHO,we'll start the move North.GLTA
Another site explained the move on one of those flea-bag
sites that recommend low priced stocks.
Gee,I sound like Isa,nice gain but no volume.
In my limited experience with Q stocks,if the CEO makes reasonnable positive statements this tends to be positive in the short term.GLTA
Most of the accountants deal will day to day activity.The CFO of the company usually is in charge in dealing with the courts.
He had many good posts BUT as a would be chartist...he was really bullish when MESAQ was at 10-11 cents a share.He made a few personnal comments on individuals whom disagreed with his views and right now you be down 50% if you followed his advise.By the way I'm still positive on the stock.
Depends what activity your referring too. LOL
Last night I had a beer in hand and thought outside the box on the future of MESAQ.At this price the bet is that MESAQ will liquidate in the near future.If you think this stock will come out of Bk a smaller but learner company this is a buying opportunity.IMHO
JO needs to go.Also a few of his yes men.
Poo,I don't know if the info concerning JO is objective,but the more I read the more this guys sounds like a genuine SCHMUCK.
Slick,still holding...my average price is .072.IMO this is good money chasing bad.
In September 2007, the CFO of Mesa Air Group was placed on administrative suspension as irregularities were investigated during the Hawaiian Airlines case. In an announcement, Mesa Air Group CEO Jonathan Ornstein assured shareholders and investors that "the alleged misconduct does not involve the financial controls, financial statements or operations of the Company."[6] The judge overseeing the Mesa go! case, however, ruled Mesa destroyed evidence.[7] and ordered Mesa Air Group to pay an $80 million interest bearing settlement with interest, along with legal fees, to Hawaiian Airlines.[8]Mesa Mgt has a history of misleading shareholders and investors.
Mesaq can be a profitable business with 500 million in revenue and lose money with 1 billion in revenue.Its up to Mgt to change those fixed costs to variable.
Alright we agree.I think the monthly MOR revenue was about 60-65
million a month.It could be reduced 20 million per your post.
In the short term this is bad news from a cash flow point of view.
My first cuts would be Ornsteins' salary and benefits.
Mesaq needs to conserve cash ASAP.Need to cut fixed costs.We should hear shortly on their plans.
Make that sections 5100-5300 I believe.
Let me assume Mesaq comes out of of BK this year.If the company wants to be listed on the NASDAQ it must meet requirements as listed in sections 5100-5103 for NASDAQ listing.Mesaq should have all the requirements met except for the minimum pps.The pps to be listed is 1.00 and must be maintained for a period of time.MESAQ has several options which include a R/S OR cancel the MESAQ shares and issue new shares.It is usually cheaper and to the benefit of creditors/MGT to cancel the Q shares.This does not always happen,but in Mesa's case it may occur.This is not written in stone but is a possible outcome.
Only time will tell who's right.
IMHO the shares of MESAQ will long be cancelled before this stock reaches a dollar.
I really believe we've turned a corner.Bought a few more shares this morning.Volume is starting to pick up.GLTA
I must be dreaming..Let there be heavy volume to confirm this rise.VOLUME BABY.
Hey Isa,I'm holding off on any more buying.I don't want to average down and the pps keeps sinking.I have a weighted share price of .071 cents a share.If the shares start to increase with volume I'll step in.I would imagine that many on this board have kept on buying on the way down and now have a sizeable loss.The pps will be driven by the courts and hopefully it will be positive.GLTY.
Isa,I'm not going to put one more dime in until I see positive news or increases volume.
I did mess up and buy more at .775.I thought we were at the bottom.Still have a positive gain but shrinking fast.
IMO are you correct on your statement.
Isa,You have been right on.Remember,many took the advise of the teacup man and were buying at 10 and 11 cents.By the way,have'nt had teacup info in a long time.Still positive,But a little skeptical at this point.GL
WOW...Overall market taking a beating.
Isa,the volume is the key and right now the volume remains low.IMO we are at or near the low.However,this will only head north if the volume spikes upward.What's your thoughts on PTN? GL
Yesterday I bought a few more shares.IMHO this is the bottom.
Yesterday I bought a few more shares.IMHO this is the bottom.