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Latest Comments1081 Comments
Three Reasons for Sirius Aggravation
Thanks for the uplifting news.... we can all use it...
Will Sirius XM Drop to the Teens?
sorry the last post got cut off but basically this stock is trading off of everything else in the market that's going on. I originally had thought the teens after the CC without refi news was very real. I got caught up in the mffais numbers, thinking we had momentum and an event going on with sentiment that would move us up. As we all researched this weekend, those numbers gave us a false indication, but I was already in and the trap closed on us all.
Now they have taken the stock down another 30 plus % from where most got back in and we are sitting here done in again, feeling stupid. The only news of any solace is that we're all getting slaughtered together... doesn't really do anything for me though. I am pissed at my lack of discipline here... Now I have to either put more in or give it up.... We just don't have the tools to predict where or what they are doing. I am sure that now will not be the time for me to give up and I will support my decision tomorrow with more cash in.... provided the general market doesn't break 7900 Dow or 790 on the S&P. The next leg down doesn't have a parachute...........
Will Sirius XM Drop to the Teens?
Great Post and Hopeful....... we are either at a bounce point (and we certainly better be) or we are at the beginning of something that will not be easily undone. From what I can see and have written briefly with relmor on, if tomorrow breaks below 7900 on the Dow and 790 pm the S&P, we are in for a really bad time. There is very little conviction here below these numbers by anyone's standards. Sideways is not an option. This is a very critical level....... If we break these numbers 7050-7100 is where the DOW pauses next and
Will Sirius XM Drop to the Teens?
Tyler,
This statement is ridiculous. Where have you been? A recession seems to be a self fulfilling prophecy? We have been in a recession for most of this year by all realistic assessments. Forget manipulated GDP growth numbers. The Government Bail Out of the Financial Sector has been trying to keep us from going into a Depression. This, going into the teens article, should be put on your shelf next to the Sirius is selling for a Postage Stamp article. You are contributing to all the bad news by writing an article on the Ticker Price of this stock. I guess that's all a Blogger has to do to get published these days. I agree with s162, fewer articles with more meaningful incite and research, would be better appreciated by this reader.
And This:
Loral isn't in any position to honor their agreement on lending 100M to Sirius unless its for construction of the satellites or cost of the launch. Every other scenario for utilizing that facility is fantasy. I covered that in your original article published here on Seeking Alpha regarding Loral's credit facility agreement. Everyone concerned, Loral and Sirius, need to do whatever it takes to keep both healthy. Sirius' tanking of Loral by using all Loral's credit agreement would use all available cash on hand at Loral, forcing them into the credit markets to take a 20-30% loss on the resale of this lending. This is not going to happen no matter what Sirius' market cap is before February 2009.
Three Reasons for Sirius Aggravation
This is that waiting period after the call I was talking about....... not much to do but throw the stick and watch the dog here......cos
Three Reasons for Sirius Aggravation
******** The tools available to the retail investor clearly outline the evidence pointing to the game being rigged against the retail investor. With the loosely defined regulation its clear that even their they are writing the rules that we play by. At this point I am in this stock to try and get some money back, and have the time put in here give me an education moving forward. Everyone is talking about a pop and short squeeze and they may be right, but my feeling is the stock price will only move on positive news, refinancing of debt and autos right now, and that may cause the pop. The catalyst will be the NEWs the result will be the short squeeze or pop up. My feeling only major positive events and positive targets from GS will move this stock over a $1.
Three Reasons for Sirius Aggravation
By the way as far as Cramer goes, I already conceded many days ago that we all paid for the education on what Convertible Bond and Arbitrage does to a company's common shareholders, Cramer was probably the ONLY one that was right. Of course I know that you knew the effect that the merger refinancing would have on the stock price back in August. You just failed to educate us all on that point. Your like the sickening sports fan that plays a perfect Sunday afternoon football game every Monday morning. Nice .........
Three Reasons for Sirius Aggravation
I am right here, what can I say today that I didn't say on the last article.... I am fully invested and used my last bit of powder on Sirius today.... What now.... every time the stock goes down your going to blame me.... I have been cautious at these prices and did not say that the stock would pop. I said that only positive news followed by positive analyst reports will move this stock up.... I have pointed out the manipulation at a penny at a time and relayed all that here.... I am as frustrated as anyone, but nothing has happened for me to think the company is going BK. If you go back to when I was in the trader mode 1-1/2 ago, I said that I thought the stock would retest its intraday lows, that's why I left some out to by today. I bought back in last week because I didn't want to be out in case they announce financing. Nothing has changed for me, but it sounds like you have had enough. You need to decide for yourself what to do.
Up the tail pipe again
Your bashing only shows your own ignorance..... You know all there is to know and who everyone is and how it all works like everyone else who jumps on this board every day the stock goes down... I'm here regardless of what you think.
Who'll Blink First: Sirius, Loral or the Banks?
Our time frame is probably close to the same. I am looking for an announcement by the 1st week of Dec on financing. Its going to take some kind of news to move this stock price. I think the low volume, even today 32M is low, is a sign of news waiting to happen. Its like getting everyone on the plane ready to go, and now we're waiting for a weather delay. I'm giving management the benefit of the doubt, right now, but something has to be delivered before the annual meeting IMO.
To change topics, I am also concerned that we are not seeing very well executed marketing plans..... silence to the general public while marketing to existing customers. Seems like their letting this holiday season pass them by. I am also completely taken aback by the silence from the company in general after this merge. Cost cutting is great but their is a retail market that needs to be addressed. They have a great new portable product in the XMP3 and no one even knows about it.
All right I'm done and tomorrows another day....... have a good one.
Who'll Blink First: Sirius, Loral or the Banks?
People need to vote based on information on the ground and their comfort level with authorizing an unnecessary authority for an action, if abused, would harm them as shareholders. For me, if Mel and crew do not do something to build that confidence within the next couple weeks, I will be sitting on the sidelines anyways.
Who'll Blink First: Sirius, Loral or the Banks?
On Jan 16, 2009 the delisting requirement will end. With Sirius not having received a delisting notice, it was not formally in a compliance period. Compliance periods, as I have read and understand, are those 180 automatic compliance periods once notified, after 30 day noncompliance, and extension 180 day periods when granted. For Companies not in a compliance period the clock starts over starting on Jan. 19, 2009 (Monday) for 30 days, then a notice and 180 day compliance period begins, ending around Sept 19, 2009. The additional 180 days also means that Sirius would move from the Global Market to the Capital Market for this additional period. The link below is of the rule change as proposed.
www.nasdaq.com/about/S...
Holdon,
Based on this info, an emergency meeting would have to take place to give the company authorization for a RS to be included in a plan submitted to Nasdaq, requesting an additional 180 day extension. The company cannot submit it if its not authorized.
In a perfect world where Mel was trusted or shareholders had confidence, the company saving money by not having a Emergency Meeting, proxy mailing, and vote, would be prudent. In that case the RS would be a tool already granted and if not needed would expire on Dec 31, 2009.
Who'll Blink First: Sirius, Loral or the Banks?
I am in total agreement with your analysis that by including the newly authorized shares in the R/S and those extra shares diluted and authorized, can then be sold to pay debt. So 3.5 Bil shares additionally authorized becomes 70 M with a value of 12.50 / share in a 1 to 50 RS at $.25 /share.
The current authorized shares of 4.5B become 90M shares of which 3.5B (70M) are currently outstanding or restricted, leaving 1B (20M) left for dilution. Additionally, the current shareholders who are RS will need unrealistic SP values to recoup their losses after, creating all the current shareholder dissatisfaction with this plan.
I believe that if Mel acted on this plan, in this manner to pay debt, rather than avoid delisting as he has stated, that he should and probable would be indicted and thrown in jail. To date, this is not what he has said he wanted the RS authorization for.
In my opinion any RS used without a delisting notice from NASDAQ, and the use of the 180 day period to bring the stock price above a $1, would be evidence of this misrepresentation and possible Fraud, and for that matter, conspiracy to committ a whole lot of sh**t. Excuse my legal jargon, I am obviously not a lawyer.
My opinion about Mel’s management is that he needs to execute the business plan, while paying of the debt or at least improving debt conditions to the benefit not detriment of the shareholders.
The merger debt refinancing has me giving him one big strike against him and the proxy statement with these controversial requests gives him two. Any execution of the above described dilution-RS-sell shares to pay debt action would be strike 3 and time to lock him up. He still has a chance to hit it out of the park, but there isn’t much time and it needs to be done through hard work and efficient business plan execution.
Who'll Blink First: Sirius, Loral or the Banks?
Thanks for your sentiment. We're just trying to figure out the clues to this mystery that has become Sirius Xm. The stock can't move up with the rest of the market taking a bath... unfortunately patience is the only strategy left at this time...... unless you need to bail and at this point no one could blame anyone for that decision.....
siriusly depressed
Watson here...... wiping the smudge of my magnifying glass. Great analogy and exhaustion is a good way to describe the emotion. The tools available to the retail investor clearly outline the evidence pointing to the game being rigged against the retail investor. With the loosely defined regulation its clear that even their they are writing the rules that we play by. At this point I am in this stock to try and get some money back, and have the time put in here give me an education moving forward. Everyone is talking about a pop and short squeeze and they may be right, but my feeling is the stock price will only move on positive news, refinancing of debt and autos right now, and that may cause the pop. The catalyst will be the NEWs the result will be the short squeeze or pop up. My feeling only major positive events and positive targets from GS will move this stock over a $1.
s162
I haven't seen the latest from Sav Si group and frankly with the responses and bashing from their crew I haven't cared to follow them along. I see their posts on several boards and some of what they write about is relevant, but there is too little time in the day and too much drama for me to get involved. My filter for information is getting real tight at this point.
Who'll Blink First: Sirius, Loral or the Banks?
Thanks for the info. That explains the problem with trying to determine the date of purchase from COShare and comparing price and volume charting. At best it is back looking trend information and helps to see who is on the bus.
Onthebackline
You or Sirius couldn't afford to pay me for the information I provide. I have been a long time Sirius Investor, and because of Stock Price, knows way more than he would like to know about the workings of this company. I personally enjoy the research and think the due diligence done here, has taught me an important lesson for other equities I am invested in and will invest in going forward. You on the other hand are an anonymous basher of others work and need to check your paranoia.
Who'll Blink First: Sirius, Loral or the Banks?
With all of the new purchases at this average price of $.59 , I can't reconcile the volume of shares that would have had to of been purchased on Sept 30th. Ameriprise 160M, T Row Price 84M, and others bring the volume over the volume way over what was recorded for those last days at this price. I can't figure it from what's reported. I like it better when I had the math wrong..... LOL