Mesa Air Group, Inc. (fka MESAQ)

[yuban]

There is NO shareholder equity. It is gone. Yes they are making 11M/month now because they got rid of the aircraft not in use, but once they emerge from BK, we (the current shareholders) will get nothing of the future value of the company. What happens post-BK really doesn't matter to us because our shares WILL be wiped out.

You have to assume that will happen when you invest in any BK company (that the current shares will be wiped out upon emergence from BK). Everyone needs to be out of this stock before it goes to zero.

HOWEVER.....This baby can still run. Take a look at VSTNQ and CEMJQ. They still have tons of value despite PORs indicating that shareholders will be wiped out. Same thing with WAMUQ, SSCCQ and so many other BK stocks. They eventually go to zero but there is much fun to be had before then. We are already at 4 cents. The downside here is still limited.

The key for this stock now is to either get a contract extension with US Airways and/or get an equity committee established. Either of those news items will send us soaring. During US Airways' Earnings call yesterday they said that contract talks are going well with MESA and they will have an announcement soon. You can find the transcript on seekingalpha.com

If you were MESA, wouldn't you want a contract extension announced prior to filing a POR? I bet that's what happens. I might sell half of my position after that news.

Good luck to us!