there is writing about u.s. air "buying" certain assets from mesa air group in the legal papers.
go and read this for yourself as this is public information.
not only does u.s. air want to "buy" certain assets from mesa air group, they also are taking an "equity stake".
so, only time will tell if the old shares die or if they become worth a quarter or something like that.
this is why the old shares still trade at all. if they knew now that the old shares shall be worth nothing then you wouldn't have pink sheet short sellers on here, that are short at 1 and 2 cents, tryng to "talk" this thing lower.
so, if it even goes to 5 cents people like airwolf fear getting a depressing margin call. by the tone of his posts he sold quite a few at a penny or two. he seems in a panic at times. it is certain that people like him/her will deny being short here.
you all need to know that virtually anyone can short sell a pink sheet stock. go and do it if it makes you happy!
my guess is that we're going to a dime here next. ...and VERY-VERY quickly. my guess is by friday.