Replies to post #13763 on Mesa Air Group, Inc. (fka MESAQ)

[stju1979]

I never say I was right or wrong. You are the only one who brought up by saying you are right about commons being cancel. I just simply stated that you have to look at all the facts before you open your big mouth. If you are a smart cpa, you should reserve your jugdement before all factual information is out from the company.

[Larrydcpa]

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.