Can someone explain something to me? Mesa Airlines (MESA) just filed for Chapter 11 Bankruptcy. Almost all other companies I've observed filing for Chapter 11 bankruptcy still have their stock trading on the OTCBB exchange or "Pink Sheets". The company reported that they do not expect the stock to be immediately available for OTCBB trading. What does this mean? Another story says a certain form (211 I think) must be filed by a market maker who might decide to pick up and trade the bankrupt company stock on an exchange. Is there a chance MESA stock will trade in the...
