Mesa stock

More importantly.....who's gonna buy Mesa stock right now? You have to have a buyer for the share, at least that's how I thought it would work. You don't just drop 825 million shares in the market and immediately pick up the cash. Someone has to buy them for a price. And with that many shares hitting the market, wouldn't Mesa's stock fall FURTHER?

Not to mention I wouldn't put my heard earned cash into a company that wanted to keep its latest financial number confidential.
 
kellwolf said:
And with that many shares hitting the market, wouldn't Mesa's stock fall FURTHER?
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im no financial guru but i believe it works like $0.28/share * 75M shares = $21M market cap / 900M shares = $0.0233/share (penny stocks get traded at 4 decimal point precision). then i suppose they could reverse split 100:1 to get to $2.33 per share, but afaik this needs to happen by the 15th to avoid being delisted.
 
kellwolf said:
Not to mention I wouldn't put my heard earned cash into a company that wanted to keep its latest financial number confidential.
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I forgot about that.

I might just throw my Economicly Stimulating check at some of those stocks at $.0233 per share and take over the world!

brilliant.jpg

What are they thinking?
 
I'm TOOOOOTALLY buying Mesa stock. I've got to be able to use something for kindling to light up that Webvan, Pets.com and Drkoop.com with! :)

Friends don't let friends dabble in airline stocks.
 
I think, if I was a shareholder, I'd be mightily pissed that they were diluting my share value further.
 
Basically selling a (large) controlling interest in the company to pay off the bonds. Keep in mind the bonds aren't actually due this year, they're do in like 2020 but the bond holders could force Mesa to buy back the bonds this year if they did not believe Mesa would be around in 2020.
 
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