Andy Neill
Well-known member
- Joined
- Nov 26, 2001
- Posts
- 2,293
There has been absolutely no activity after hours and the price remains at $0.28 per share. Mesa's Book Value per share is $5.27 including $1.75 in cash as of the most recent quarter. They are bleeding heavily.
Additional shares, especially 900 million, should dilute the book value significantly since there are fewer than 28 million shares held now. The book value would be just under $0.16 per share.
Additional shares, especially 900 million, should dilute the book value significantly since there are fewer than 28 million shares held now. The book value would be just under $0.16 per share.