JO does it again... (and Mesa recall rumor)
01-08-2009, 09:38 PM
#41
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Joined APC: Dec 2007
Position: CRJ FO
Posts: 84
This is not just me hating Mesa but if I were an investor I might want to take road three. Force Mesa to liquidate and get what I can now, with a bad economy and a company that is not looking so hot those shares might just end up being worthless anyway. But that is just my uneducated opinion.
OO.
01-08-2009, 10:25 PM
#42
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Joined APC: May 2007
Posts: 698
Mesa has over $500 million in assets, according to their filings. That seems like a lot that can be grabbed up in liquidation.
01-08-2009, 10:45 PM
#43
Banned
Joined APC: Dec 2007
Position: CRJ FO
Posts: 84
I don't know how much MESA owes in total. I don't know who the creditors, bondholders or shareholders are (I know I am not any of those). Most likely they are not individual people but corporations, funds, etc. I don't know how this is going to play out, but JOe is a c*ckroach and knows how to survive. We'll all have to wait and see.
OO.
01-09-2009, 05:57 AM
#44
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Joined APC: Oct 2005
Position: 737 Right
Posts: 955
The book value of a large portion of Mesa's assets is likely to be greater than the market value. (This is normal under standard accounting rules.) Looking at the most recent financial information available, I believe in a bankruptcy scenario stockholders would get nothing and bondholders would get pennies on the dollar.
01-09-2009, 07:27 AM
#45
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Joined APC: Jan 2008
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Posts: 261
Not to mention in March there are more bonds that can become due....the market and investing is a gamble....the 1 thing that is definite IF Mesa declares BK it is GAME OVER!
I hate JO as much as the next former employee, but I can't pick a side on how I would like this to turn out because there is so much for all sides to lose. Now if this resulted in the company continuing without JO and his cronies, then that would be at the top of my wish list!
I hate JO as much as the next former employee, but I can't pick a side on how I would like this to turn out because there is so much for all sides to lose. Now if this resulted in the company continuing without JO and his cronies, then that would be at the top of my wish list!
01-09-2009, 08:17 AM
#46
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Posts: 955
For the sake of the employees, it's the management team that needs to sink - not the company. Unfortunately, they might be to far gone for a solution that eloquent.
01-09-2009, 09:11 AM
#47
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Joined APC: Jan 2008
Position: R U Serious?
Posts: 261
I find it hard to believe the board of directors hasn't 86'ed him, given his achievement of devaluing the shareholders investment to almost nothing. Does that not raise an eyebrow? It almost smells of some type of fraud.
For the sake of the employees, it's the management team that needs to sink - not the company. Unfortunately, they might be to far gone for a solution that eloquent.
For the sake of the employees, it's the management team that needs to sink - not the company. Unfortunately, they might be to far gone for a solution that eloquent.
They have all sorts of side companies together which is why JO is still where he is.
01-09-2009, 09:15 AM
#48
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Posts: 1,068
01-09-2009, 09:16 AM
#49
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Joined APC: Dec 2007
Posts: 1,068
He pays himself, from himself. There are many other such examples.
01-09-2009, 10:37 AM
#50
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Joined APC: Sep 2008
Position: crj right seat
Posts: 42
So I have a question, might be very stupid but I'm not too smart when it come to the SEC and NASDAQ, if MESA's stock ends up sitting below the $1.00 mark and there is not significant trading, which is happening and will most likely sill occur after the new shares come out, won't they be delisted? If someone who has a good working knowledge of this could enlighten me that would be great.
