Bankrupt and Distressed (BAD) Research and Due Diligence

[Madclown]

I made a couple of posts recently (linked below) on this board regarding MESAQ but they are not necessarily the type that would be welcome on a long-only message board. I haven't looked at their docket recently but I do follow the daily price/volume action with great interest. The stock price has crashed through all key moving average support levels and even the $0.07 level where it formed a brief base in early March. There isn't much of any support on the chart until it retraces to the $0.04 to $0.05 level where the bulls should recapture the momentum if history is any guide. Right now, the stock needs some good news on the fundamental side. The stock still has time value and the Delta lawsuit as potential catalysts. The key issues to watch for on the risk side are the sizes of the lease rejection claims.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49001457&txt2find=mesaq

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49002084&txt2find=mesaq