Mesa wants to issue more shares

[Ezralite]

MESA SUCKS....

has that been posted yet in this thread?

You're the first, but not the last.

Mesa sucks.

 

[Rominato]

86 cents and falling...

Shares are tumbling out of the gate today... as I post they're sitting at $0.86. How much longer now for mesa?

 

[satpak77]

Shares are tumbling out of the gate today... as I post they're sitting at $0.86. How much longer now for mesa?

Soon MESA will not meet "listing requirements", discussed here

http://www.investopedia.com/ask/answers/121.asp

Basically, if they do not trade at above $5 for I believe the most recent 30 days, it can be delisted. This means trading is halted and no further investment can be made by investors via stock.

In other words, if MESA wants Big Company ABC to invest in them, the mechanism to do that is buy shares (for the most part).

In addition, a host of other problems exist when a company is delisted. It is much harder to propose something to the banks and justify loans, etc.

My personal opinion is that MESA is ceased operations, completely, hangars shut, planes parked, within six months, due to financial problems and stock market concerns, to include possible unknown behind the scenes red flags with the books. This is my opinion only.

If I am "wrong", then actually, great ! The industry does not need another bad headline in the papers. However I think I am not wrong on this one. (If so, great)