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cos1000
1022 Comments
Analysts Weigh in on Sirius' First Quarter as a Merged Company
Because you sold over 230K shares of this stock, I know how upset you must be, but to constantly berate those who disagree serves who?? Maybe you should get back in, we all know how bad the market in general is..... everywhere we turn as investors wealth is being squeezed out of our investments.... we, I, may be wrong and this stock goes to zero..... Why do you care if your out..... I know your not trying to save us.... so if your angry at management why be angry at investors who are still in??
Analysts Weigh in on Sirius' First Quarter as a Merged Company
Analysts Weigh in on Sirius' First Quarter as a Merged Company
Congrats also on the buy in ..... Today's SP performance under the general market drop was a good sign that the support is being propped up by IB's friendly to the stock IMO. If these guys holding the line were shorts what would be the point. I think their are a number IB longs that can push back at this point and are.......... we'll see tomorrow. I think the stock drops a little in the am and then finishes where you predict .26-.27. End of the day drop to .25 was good for killerkaul but truly not what I wanted to see. I think the general market will test lows, a little higher than the 7900 maybe, then back up after the support.
Analysts Weigh in on Sirius' First Quarter as a Merged Company
With no disrespect, but I wasn't playing around by selling at .41 and getting back in with an average of .25 and change. I added just under 15K shares and had a few good nights sleep while I waited without adding a dime of new capital. There was a time when that 15K shares would have cost me a pretty hefty chunk of change, which we all paid. I and others have been watching level 2 trading for more than a few weeks and the time is right to get back in now.... even if it goes a few cents lower.
Other than that, I absolutely agree with you regarding the Goodwill as I stated above. Its a non starter in evaluating the company's performance or future.
Analysts Weigh in on Sirius' First Quarter as a Merged Company
congrats on the buy in, lets hope it sticks here for all of us at this point until the good news starts to flow.....
Bababooie
The May debt will be somewhere in there in 2011 or 2012 after they extend it... otherwise cap ex. for the sat launch in the fall also needs to be figured in, but with the slightest auto turn, it will be paid with cash. That's why 2009 FCF is without cap ex spending but after, as I have called it before, 2009: The Year of Debt Resolution, the company should have some breathing room. The Goodwill revaluation is a moot point and food for the negative spin doctors..... it doesn't cost them a thing if they get the debt taken care of....
Analysts Weigh in on Sirius' First Quarter as a Merged Company
My hope for refinancing the debt in Feb 09 is that, with only $210 M left that the company uses COH at the end of the year to take out $110 M of this debt. Actually I would like Mel to take $127 M and shove it GS' arss, but I digress. Take the remaining $100M and fold it into the May 09 bank facility bringing that to $400 and extending that for 2-3 Years at new rates. In addition, the extension comes with an additional $100M payment, payable on May 1, 2009. And I would like all of this announced before Thanksgiving so that we can benefit through the end of the year this great news. Essentially in on move, Feb 09 debt would be taken out with two payments, one for 110$ M on Feb 1, 09 and the other through its new arrangement with current Banking facilities of $100M on May 1, 2009. Now that neat and tidy and very Optimistic. LOL
Analysts Weigh in on Sirius' First Quarter as a Merged Company
Analysts Weigh in on Sirius' First Quarter as a Merged Company
Do you know what price they paid for those shares by any chance? Is there a link to the transaction info??
Analysts Weigh in on Sirius' First Quarter as a Merged Company
My TD Ameritrade account lets me put fractional cent orders in (cash account), APEX, my Etrade retirement accounts do not. In order for me to get my fractional buys on these accounts, I have to put a buy in at .26, watch level ll on my Ameritrade account and when I see .251 or .252 I execute my Etrade buy at that moment, I was able to average in at .2512 on these accounts. I am afraid that a buy at .25 will not go through today, otherwise....
There has been over 1M shares bid at .25 all day, several lots, and the SP ranch so far is .2502 to .2578 as far as I can see. Etrade seeks best price available at .26 bid. I don't know if that helps or just confuses you more.....LOL
Analysts Weigh in on Sirius' First Quarter as a Merged Company
Analysts Weigh in on Sirius' First Quarter as a Merged Company
Analysts Weigh in on Sirius' First Quarter as a Merged Company
A RS split will not happen unless the company needs to put it in its extension plan to the NASDAQ for an additional 180 days in Sept 09. They will then have until Dec. 31, 2009 to execute the spit. That is the purpose of the RS.
The additional shares are necessary for the company to be able to perform a RS and still have shares available to finance debt if need be. These are tools for management to run the company during very difficult economic times. No one likes these options, but what is the real choice here?
I know that no one believes that this plan and agenda laid out by management is true. That is the problem here. Going off of NASDAQ makes shares difficult to trade and Forces most Institutions, MM, to close their position because the delisting will trip their criteria for investing money in this company. Combine those two scenarios and where do you think the SP will go, and company, when these folks are racing to get rid of their positions.
Delisting is not an option here. IMHO. I will be voting Yes to items 2 and 3 on the Proxy with my shares, unless something drastically changes between now and the voting deadline. I have not decided yet on board members and I will vote yes on the accounting firm. I choose to put faith in Management's ability to run this company before I put it on the shareholders opposing management at this time. I have not heard one plan from lawsuit supporters to date that would give me any more confidence in their being able to do a better job than the present management team.
Five Key Quotes from Sirius on Satellite Radio and Automakers
Sorry for your bankruptcy this week, don't really know why warning us here helps, but whatever it takes, man....... Sirius filed its 10Q this morning with the SEC as Mel had said. I did notice that they had put in for a 5 day extension for submission earlier with the SEC, for merger valuation and acquisition costs, but it seems they didn't need it. I would of thought working in the mail room, you would have had access to that information. As far as the FCC license valuation, maybe you could ask your supervisor how they did that.......
Sirius Reverse Split Only "to Satisfy Listing Requirements"
I just read your above post and agree it feels like we are on the verge of something to the upside here... Your analysis helps to see it more clear... Tomorrow will be an important day. Thanks for the info....
Sirius Reverse Split Only "to Satisfy Listing Requirements"
I tried to get in under the .25 all day. My brokerage reported a range of .23 - .27 but I never saw anything below .249 and that was only for a moment. I did get back in today with 60% of my position, having sold everything out at .41 I am feeling as you, and don't want to be out too much longer. My concern today is again that several large trades held the price at .25 today, as they did at .28 for three days prior to the call. Its clear that the price is being controlled, the real question is which way do they want to take it in the short term......
If the Markets in general retest lows will Sirius revisit .215. I was confident they would, and with a revaluation of Goodwill valuation appearing to be hold up the SEC filing, maybe it will. I do think good news will move this stock up, bank financing without further dilution, auto maker bridge loan from the government, more evidence of a stronger retail product line, some glimpse at Best of Both revenues. I don't want to be out of position when the news happens...... This is definitely not a company facing bankruptcy given yesterdays report...