Xjt stock trading lower than Mesa now?? what is the deal?!

[CX880]

Mesa is at .31cents. If delta wins the appeal does that mean MESA will have to file CH11?

 

[Nevets]

Right you are. NYSE requires that the average trading price over a consecutive 30-day period remain above $1.00. That is why Silicon Graphics (SGI) lost its listing when it stayed below $1 for 6 months.

XJT 30-day moving average went below $1.00 for the first time today.

You have a link?

 

[Andy Neill]

You have a link?

Not a great one. This is as good as I have:
http://news.cnet.com/SGI-stock-faces-delisting/2100-1010_3-5928422.html
and this:
http://www.sgi.com/company_info/newsroom/press_releases/2005/november/nyse.html

 

[Goose Egg]

Please tell me that you guys aren't actually surprised by XJT's stock price.

-Goose

 

[Abbey]

Nevets,

Correct. I should have quoted the thread starter as it was he that asked the question of why XJT is lower than Mesa on the ticker.

 

[Nevets]

Not a great one. This is as good as I have:
http://news.cnet.com/SGI-stock-faces-delisting/2100-1010_3-5928422.html
and this:
http://www.sgi.com/company_info/newsroom/press_releases/2005/november/nyse.html

Thanks, I've been looking for something that explains it. My half hearted searches had not dug anything up.