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MESA AIR GR INC # Message Board

  • kildred11 kildred11 Feb 24, 2009 2:07 PM Flag

    Mesa Delisting Notice

    Anyone know if it is in March or April?

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    • Looks like it. Does not look good for Mesa unless that weasel Ornstine pulls a rabbit out of his ass.

    • The waiver was until April 15th, so will MESA stock be gone on tax day?

    • April is only a few days away now.

    • june 9th



    • You are correct. I did mean June 18, 2008. the delisting notice is now over 9 months old.

      There was an article this morning about the NYSE possibly extending their sshare price waiver, but I did not see and discussion in it about NASDAQ doing the same.

      It would make more sense to me to do some kind of a pro-rata waiver or just extend each issue 90 days.

      Of course, all Mesa has to do is a reverse stock split once the price stabilizes.

    • Tuesday, January 13, 2009
      Mesa receives Nasdaq delisting notice, to report year-end results this weekPacific Business News (Honolulu)
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      Mesa Air Group is facing delisting from Nasdaq and will announce its annual results this week.

      The parent of interisland carrier go! airlines announced in a filing with the Securities and Exchange Commission Monday that it received a letter from Nasdaq that said the company fails to comply with the filing requirements for continued listing and is subject to delisting.

      Phoenix-based Mesa (Nasdaq: MESA) said it has been given 180 days, or until June 29, to regain compliance. Mesa said the notice arises from its failure to file its 10-K report for the fiscal year ended Sept. 30 on time and that it intends to file the form later Monday and announce its earnings Tuesday, thus regaining compliance.

      Mesa stock was at 29 cents in afternoon trading.

      look lokk 29 june april

    • April, mid april de-listing. Mesa has no future.

    • I'll bet you know it's actually neither . . . but you're an instigator with no valuable info to offer, ever.

      The possibility of delisting only existed when they did not file their 10-K on time. They filed it on 01/13/09, so delisting is not an issue.

      The 1.00 minimum price to continue listed on the Nasdaq has been suspended for some time now due to market conditions. Therefore, Mesa will not be delisted for its nickel share price.


      • 6 Replies to trescoconuts
      • You are, once again, correct!
        These idiots posting all over Yahoo stock boards their short bs...
        are the most pathetic group of losers I have ever encountered.
        They are on every board of every stock with any real potential, trying to scare investors away.

        Either they are totally insane or
        they make $$ doing this.

        On another board, they got a buyout offer at the close and these clowns
        are trying to turn that into something to get
        upset ovetr. The co. rejected the too low, and the company offering, said they'd come back within 30 days with a better offer.
        The shorts/bashers/netnuts have typed their bony fingers off, trying to convince investors that this is a scam PR, etc.
        It's only in the local paper and elsewhere...and they still won't give up on their bashing.

        This thread has a constant negativity
        going on. And to me, the company seems to have a chance to increase in value in the months to come...

        Just blowing off some steam about these thread lice that seem to multiply and never, ever give up. If this stock ran to 3.00 all of a sudden...they would still write nonsense about the woes of owning Mesa.
        it gets very old and makes one not wish to even bother to read here....but hopefully, the price will soon spit in their furtive, beady eyes....would be
        a satisfying moment for me.

        Perhaps, this is all the life they social life, no friends to see, just pecking away all day to say meaningless bs.

      • However much you believe that, just wait and see.

      • Mesa will get delisted when the price goes to 0.00 it's as simple as that!

      • From NASDAQ:

        "List of Non-Compliant Companies as of Feb 23, 2009

        Each trading day, NASDAQ publishes a list of companies that are non-compliant with its continued listing standards. In the event of a bankruptcy, a company is added to the list two business days after notification by NASDAQ. In all other instances of non-compliance, including a delinquent or otherwise incomplete filing a company is added to the list five business days after notification. Companies are removed from the list one business day after NASDAQ determines that it has regained compliance, or the company no longer trades on NASDAQ. Investors seeking further information may view the Company's filings on the SEC's and/or the company's website. NASDAQ's continued listing standards can be viewed at:
        Issuer Name Deficiency Market Notification

        Here is the entry for Mesa:

        Mesa Air Group, Inc. Bid Price NGS
        Affected Issue(s): MESA
        [Notice date] 06/18/2008

        Here is part of Mesa’s press release about the delisting notice:

        Mesa Air Group, Inc. Receives Letter from Nasdaq Regarding Non-Compliance With Minimum Bid Price Rule
        PHOENIX, June 20 /PRNewswire-FirstCall/ -- Mesa Air Group, Inc. ("Mesa") (Nasdaq: MESA) announced today that it received a Nasdaq Staff Determination letter (the "Notice") on June 18, 2008 indicating that Mesa fails to comply with the minimum bid price requirement for continued listing set forth in Marketplace Rule 4450(a)(5) (the "Rule"). Therefore, in accordance with Marketplace Rule 4450(e)(2), Mesa has been provided 180 calendar days, or until December 15, 2008, to regain compliance. If, at anytime before December 15, 2008, the bid price of Mesa's common stock closes at $1.00 per share or more for a minimum of 10 consecutive business days, Mesa will have regained compliance with the Rule.
        The Notice also states that if Mesa does not regain compliance with the Rule by December 15, 2008, Nasdaq Staff will provide Mesa written notification that its securities will be delisted. In the event of such a notification, Mesa intends to request a hearing before a Nasdaq Listing Qualifications Panel to review the Staff Determination. There can be no assurance the Panel will grant the Company's request for continued listing.
        The Notice arises as a result of the fact that for the last 30 consecutive business days, the bid price of Mesa's common stock has closed below the minimum $1.00 per share requirement for continued inclusion under the Rule”

        I recall reading that NASDAQ was granting a temporary stay on these delisting notices until April due to the state of the economy.

        Thus delisting is an issue on the horizon.

      • This stock can very well be delisted within weeks if not within a month or two. Nice job at skirting the question pumper.

      • NO WE CAN NOT.

        the ceiling has already been formed above the price of the shares,it is already too late for this stock to be saved you'd better advise others to save themselves instead of leading them to a place where money can be lost.

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