spudskier
Well-known member
- Joined
- Dec 29, 2004
- Posts
- 565
2) cant pay the bonds due in Feb.
(trading right now 34 cents to the dollar due to the economy)
You're trading $0.34 ($0.33 now) NOT because of the economy, but because that's what you're worth. Mesa was only $0.10 a share more a few months ago, nothing has changed since the drastic downturn. Mesa has been threatened with delisting and has yet to pull itself over $1.00/share which it must maintain for 6 months. This is a feat which XJT managed in only a month or two... Mesa has been this way for quite a while...
Don't like to see people lose jobs, but good luck...