ExpressJet (XJT)

[downsideup]

They had previously announced that the day after the earnings call they would have a public statement to make about the recent events and their "strategic choices" or regarding "strategic options" or "direction" or some such thing.

The meaning of that is not at all clear. It could mean anything from finally fessing up and administering the coup de grace in "we sold you out and you are screwed" to an announcement of an acquisition plan or some other element that is "strategic" and not yet considered in the valuation of a share.

It could turn out to be something that turns the tables in the current discussions about the future of the company and the value of a share... or it could turn out to be nothing. I expect that with the ownership having changed, it may be the statement the new owners intend to make about what they plan to do next... which would have been more useful for everyone else BEFORE they took 75% of the company for a roughly $30 million consideration. It might include a discussion of legal options resulting from recent events... but I doubt that they will make any effort to follow up on SEC and NYSE complaints... but, I could be wrong about any or all of that.