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Latest Comments59 Comments
New Sirius Channel Line-ups Cause Stir
THE BEST RADIO ON RADIO.
AND VOTE NO TO RS
Sirius Reverse Split Only "to Satisfy Listing Requirements"
If anything, shareholders should have NASDAQ Implement this rather than having Mel do an RS. ALL common stock shareholders are wiped out with an RS.
Economy su--s as Mel said, Wall street has to keep Companies alive.
What's Behind Sirius' Big Gain?
A Company that expects a 2.7B in revenue and a 300M EBETA in 2009 do you people think its worth 0.40, ? HMMMM
I've seen alot of crying babies on this seeking alpha forum, Real investors look at values and fundamentals. Credit markets will turn around sooner than you think.
Sirius XM Nears Top of Shorts List
Is a Reverse Split in the Cards for Sirius?
Sirius should be getting the notification from NASDAQ next week. That will give them 180 days to come into compliance… if they are not in compliance by then, they will receive a delisting notice. They then can appeal the notice and be afforded a second 180 day compliance period if they meet specific financial metrics (which Sirius very much does) — as well as present a plan of how they intend to get the price above $1… which MUST include a plan to do a reverse split if they price is not above $1 by the time of the end of the new 180 day period.
By the time this Annual Meeting is done, Sirius will be approximately 60 days into the 180 day compliance period. Sirius had no choice but to put this reverse split plan into motion via a shareholder vote. But just because they have, doesn’t mean that they’re going to do it. Almost all companies that are in Sirius’ position will wait until the end of their 180 day compliance period and then will appeal the delisting notice — so that they can get another 180 days… however they MUST have a plan read that INCLUDES the option for reverse split. So Sirius is merely getting themselves ready for that possibility.
They would then have that additional 180 days — which would take them into October of 2009 before they would be forced to do the reverse split.
I do not believe for a second that they will do it — before, they surpass the first 180 day period and if it appears that the stock still wont go up. Then its a possibility… but not before the end of April though. No way. That’s not the way companies in Sirius’ position do things… they will stretch it out as long as they can.
I agree with the above
Is a Reverse Split in the Cards for Sirius?
I think some of you have pulled the trigger to fast on Sirius and Mel, I know its painful it hurts to see this RS to happen , but I remain optimistic.
This is a growing Company it has a great product that no one else has, and yes it is a speculative stock. However because of our Corrupted Bankers in Downtown Manhattan screw with our economy , we are now facing with this black cloud of refinancing.
Look what happened to WorldSpace
WorldSpace, Inc. (WRSP) a satellite radio service operating in countries outside the United states, has announced it, as well as all U.S. subsidiaries (which include WorldSpace Systems Corporation and AfriSpace, Inc.) have filed for reorganization under Chapter 11 bankruptcy codes. The effective date of the filing is October 16, 2008.
Mel is playing safe here RS will be his very last option. IMO.
And I do not think he lied to us, do not get me wrong I'm an investor my self as well. He will make a business desicion to rescue the Company when it come to do the RS
This is from Merill reported yesterday
The average price target by analysts continues to be very low, and while investors are expressing frustration, there are not many positive aspects in nearly any equity in the market. The next likely step for Merrill and others will come when the company issues their third quarter results. Should Sirius have a positive result in their financing, the big overhang on opinion would be removed, leaving room for not only more positive opinions, but more positive outlooks as well.
So people hung in there I strongly believe there is a light waiting for us at the end of the tunnel.
Is a Reverse Split in the Cards for Sirius?
Effective immediately, NASDAQ has suspended the enforcement of the
rules requiring a minimum $1 closing bid price.
Effective immediately, NASDAQ has also suspended the enforcement of
the rules requiring a minimum market value of publicly held shares
(MVPHS).
NASDAQ will not take any action to delist any security for these
concerns during the suspension.
The suspension will remain in effect through Friday, January 16, 2009.
These rules will be reinstated on Monday, January 19, 2009.
—————————————————– —————————
Given the current extraordinary market conditions, NASDAQ has
determined to suspend the bid price and market value of publicly held
shares requirements through Friday, January 16, 2009. In that regard,
on October 16, 2008, NASDAQ filed an immediately effective rule change
with the Securities and Exchange Commission, such that companies will
not be cited for any new concerns related to bid price or market value
of publicly held shares deficiencies. These rules will be reinstated
on Monday, January 19, 2009.
As a result of the suspension, all companies presently in the
compliance process will remain at that same stage of the process.
However, if such a company is presently subject to being delisted for
concerns not related to the bid price or market value of publicly held
shares requirements, it will continue in that process with respect to
those other concerns. Over the next few days, NASDAQ staff will
contact each company affected by this suspension to discuss the
specific impact to the company. NASDAQ will continue to monitor
companies to determine if they regain compliance with these
requirements during the suspension.
NASDAQ believes that this temporary suspension will allow companies to
focus on running their businesses, rather than satisfying market-based
requirements that are largely beyond their control in the current
environment. Moreover, this temporary suspension should help to
restore investor confidence in affected NASDAQ companies as the
suspension will allow investors to make decisions without considering
the likelihood of a very near-term delisting. In the coming months,
NASDAQ will continue to monitor the affect that market conditions are
having on the operation of our rules.
For more detailed information, please see the following internet
links:
NASDAQ Rule Providing Temporary Suspension
NASDAQ Stock Market Rules
If you have any questions, please contact your NASDAQ Listing
Qualifications Analyst or your NASDAQ Relationship Manager.
Is a Reverse Split in the Cards for Sirius?
If there is a company interested in partnership with Sirius/XM and are really serius they can ammend their bylaws for a particular company aquisition, if their required minimum as Tyler describes is $5
GM/Chrysler Merger Could Be Very Interesting for Sirius
GM/Chrysler Merger Could Be Very Interesting for Sirius
The above number does'nt include Limos and car-services
Now you can see the exposure.
GM/Chrysler Merger Could Be Very Interesting for Sirius
Taxi fleet companies are scrambling to find new cars with these specs.
What an excellent opportunity for SIRIUS/XM to have ALL NY taxi cabs with sirius/XM installs as well as back seat TV HMMM ??
Mel has alot of buddies in NYC, once this happens in NY all other major city TAXI cabs and LIMO companies will follow.
I said it before and I will say it again , the possibilities of satellite technology are ENDLESS. TYLER should look into more detail.
GM/Chrysler Merger Could Be Very Interesting for Sirius
Understanding Sector Rotation
Sirius/XM has solid CEO and management team will pull though this,
all they need is the right moves.
Sirius XM's Bottom Line Could Get a Boost from "Best Of" Programming
Australia's central Bank cut down their interest today by one (1) percent point a big drop, more and more central banks will follow, The Fed will drop it to 1% very soon, my point here is that will soon start to see revovery in all markets, very soon .
Sirius XM's Bottom Line Could Get a Boost from "Best Of" Programming