“Best Of” Programming Debuts On Sirius XM
Now for the first time, you can add XM channels to your SIRIUS subscription. Add “The Best of XM” on SIRIUS and get Oprah & Friends, Opie & Anthony, NHL and NBA games, the 24/7 NHL Home Ice Channel, The PGA TOUR Network, college sports, and XM Public Radio. The Best Radio on Radio™ just got better.
Oprah & Friends Channel 195 - Oprah Winfrey, Gayle King, Dr. Oz and more help you live your best life on Oprah & Friends.
NBA Channels/College Sports Channels 211-220 - Hear regular season NBA Games, the Playoffs and the Finals. / Games from the top college conferences, including Pac-10, SEC, Big 10, Big 12, Big East and ACC.
NHL Home Ice Channel 208 - NHL Home Ice, the world’s first hockey channel, delivers a high energy mix of information and entertainment. The on-ice leader for fans across North America with up-to-the-second news and analysis.
The PGA Tour Network Channel 209 - All PGA TOUR events, the British Open and more, including golf news, tournament scores, and player highlights.
XM Public Radio Channel 196 - Insightful, entertaining, and provocative Public Radio programming, including award-winning and exclusive shows from Bob Edwards.
The Virius! Channel 197 - Beware…this is radio like you’ve never heard it before. Irreverent, uncensored, so good you won’t want to stop listening. Opie and Anthony in the morning and Ron and Fez in the afternoon. It’s addictive, it’s viral….it’s The VIRUS.
XM Site being updated at press time!
September 30th, 2008 at 8:36 am egiscodr Says:
I think a lot of people are not going to be happy about not getting MLB on Sirius. Might help drive XM-side sales
September 30th, 2008 at 9:11 am FrigginRegan Says:
Do you think ANYONE….let alone the market is going to notice this news today?
Once again…Siriusly BAD timing.
Still…yay!
September 30th, 2008 at 9:18 am Kent Says:
Why is MLB not being included in the BEST OF programing? One would think with the play-offs starting tomorrow this most certainly would have been included!!
September 30th, 2008 at 9:19 am Winagain35 Says:
Here’s some disturbing news. I just called to add “best of XM” to my sirius subscription and was told that the service is NOT available for factory installed radios?? I can get it for my stiletto, but not in my car. That’s not good.
September 30th, 2008 at 9:30 am socalrunningfool Says:
Brandon. Can you clear up that factory radio post. Thanks. Thought all radios would be able to catch the best of. Thanks again.
September 30th, 2008 at 9:35 am socalrunningfool Says:
4 bucks. Great value. See lots of positives here. Let’s hope for a lot of subscription adds.
September 30th, 2008 at 9:36 am socalrunningfool Says:
Oh and finally!!!!!!!!!!!!!!!! A Mention of the merger on the website.
September 30th, 2008 at 9:45 am chizzle Says:
I doesn’t get installed in car radios? What the fuck, I was going to cancel my Sirius subscription and use the XM radio in my car with the best of package. If this is true, then I understand y the company is in the toilet.
September 30th, 2008 at 9:53 am Big Sterboski Says:
So…. It looks like we get NBA games, but only the NHL channel, NO NHL GAMES!!! That is disappointing. I might have subscribed otherwise.
September 30th, 2008 at 10:01 am FrigginRegan Says:
Looks like the stock price is flirting with the 50 cent range now. GREAT.
The BEST OF?
Hardly.
Where’s the FRIGGIN LOVE???
Where’s the FRIGGIN REFINANCING???
This has been the most hellish stock I’ve ever been in. First we WAITED almost 2 YEARS for the merger….and when we got it….NO POP.
NOW we are waiting for REFINANCING in the WORST CREDIT MARKET IN HISTORY!!!!!
Kill me now. Just kill me.
September 30th, 2008 at 10:09 am chizzle Says:
This is the first and only investment I ever made in the stock market and I’m down 80%. Should have just wiped my ass with that money.
September 30th, 2008 at 10:15 am SXMInvestor Says:
.59 cents now and the market hasn’t even turned negative yet - screwed
September 30th, 2008 at 10:31 am Friggin Frustrated Says:
I have never in my life experienced a stock like this. I could have had my Sirius money in ANY other stock in my list for the last 2 years and I would have QUADRUPLED it.
In ANY other stock that went down…they have gone up many times over giving me MANY MANY chances to double my money.
But in Sirius….for over 3 years now, it’s been a str8 line DOWN.
Even on the RARE pop during the MERGER madness days…it’d POP only for a FRACTION of a SECOND.
Remember when the DOJ approved and it POPPED a BUCK but when STR8 back down in the blink of an eye???
Then AFTER the MERGER….after the moment that was FINALLY going to bring some FRIGGIN RELIEF to us long suffering shareholders….the rug was pulled out from under us and we’ve fallen to practically 50 cents from over $2.
After the PAIN of that….JUST when it looked like there was HOPE again….this credit crisis from HELL happens and we are hanging on by our finger nails once more.
My friends….it doesn’t get any uglier than this. HOW MUCH MORE can we take? HOW can we POSSIBLY get out of this?
And if….IF a miracle happens and the bail out bill passes and the credit market improves AND we get a SWEET HEART of a refinancing deal….EVEN IF THAT perfect scenario happens….WILL WE GET ANY LOVE??? Or will the trend of DOWN ON BAD NEWS…..DOWN EVEN FURTHER ON GOOD NEWS trend continue for Sirius.
I really don’t know how much more of this I can take. I’ve thrown up my hands. At this point I am a LONG against my will….because I can’t sell now even if I wanted to. I’m locked in.
And NO MORE AVERAGING DOWN for me. I don’t care HOW friggin LOW we go from here. I am DONE averaging down. My position is my position. End of story.
EVERY time I’ve averaged down…we’ve gone lower. I’m not playing that game anymore.
Sometimes I wish it would just end. BK would be better than this. SOME finality so that I could move on. Not that I’m wishing for BK. But a buyout. SOMETHING. ANYTHING.
I am SO FRIGGIN SICK OF BEING IN LIMBO. First with the BULLSHIT 2 YEAR MERGER DELAY. Now with this refinancing deal.
I guess on the good side….we only have until FEBRUARY to wait. If We don’t get financing by then….game over. SOMETHING will have to happen. At least there is an end to this limbo crap in sight. Either they’ll get refinancing or not. Either the company will declare BK or not.
At least we’ll find out in less than 4 months.
But even that seems like an eternity.
I am CURSING myself for not getting out last November when I had the chance. I will NEVER EVER let myself get caught in a stock like this again. It’s only happened to me once…and thats enough. I guess thats the silver lining.
-Friggin Frustrated
September 30th, 2008 at 10:43 am Friggin Frustrated Says:
Case in point. Suppose I took 20 grand( a fraction of what I lost in Sirius so far)….I could pick ANY stock in my “list” at random and EVEN in this CRAZY SCARY market…I would have made MORE in ONE FRIGGIN DAY than I’ve made in Sirius over the last 3 years.
Take ETFC. If I had put 20 grand in it yesterday…I would have made 3 grand in one day. Compared to the 10s of thousands I’ve lost in Sirius. I have not made one dime…one penny on Sirius in 3 years. I have just LOST LOST LOST.
The crazy thing is that even stocks that are losing even more money than Sirius I would have made TONS of money.
For instance. Lowly battery company VLNC. That same 20 grand would have made me 6 grand since YESTERDAY if I was in VLNC.
I mean…WTF is WRONG with this picture. We have 19 MILLION FRIGGIN subscribers.
September 30th, 2008 at 11:13 am Winagain35 Says:
Update: I called back to speak with tech support and was told that some factory installed vehicles will support “best of” programming and some won’t. I drive a Jeep Grand Cherokee and, for whatever reason, it’s not available.
Then I called Paul Blalock at IR - he told me that he was unaware of this problem, but that they are still working out some kinks for the official launch of “best of” on October 6th. He SAYS he’s going to get back to me on this issue.
September 30th, 2008 at 12:57 pm mp3candy Says:
I want to know how to add best of XM to my sirius everything lifetime subscription.
anyone else out there trying to do the same thing?
September 30th, 2008 at 2:04 pm Terrymr Says:
Hmmm … Anybody notice that the lifetime subscription plan is back under sirius everything for $499.99 - haven’t seen that for a while.
September 30th, 2008 at 2:53 pm vaporgold Says:
terrymr
All Sirius needs is 2 million lifetime subs and they have money to pay off the loans.
That would be cool
vaporgold
September 30th, 2008 at 3:06 pm Friggin Frustrated Says:
I know this is a HORRIBLE market to refinance debt in….but I only WISH Mel would at least make some sort of announcement to REASSURE stockholders that he has no intention of filing chapter 11.
It would help ease some anxiety in these uncertain times.
The silence is almost deafening.
September 30th, 2008 at 3:11 pm Seriousinvestor Says:
If we cannot even get a dead-cat bounce, what does that tell you? Manipulation. Some entity is manipulating this stock via the CINN selling 100 shares at a time. What can we do about it?
September 30th, 2008 at 3:30 pm Winagain35 Says:
Second Update:
Someone from Sirius called me back and offered me a free plug-n-play radio for my car so that I can have “best of” programming. I declined because I like my in-dash radio, but it’s encouraging that they at least tried. Apparently the service is not currently working with some older model OEMs. I have a 2005 Jeep and she said that they may be able to work out the bugs in the future, whatever that means. I will probably get the “best of” for my stiletto… gotta do my part.
September 30th, 2008 at 3:46 pm Thanks FCC Says:
Serious,
Question..
Aside from naked shorting, what else can be manipulation? If someone has shares to sell, why can’t they sell them and at any qty? If I put a buy order in for 10k shares, why do I care if there is someone offering up 100 or 1000 share increments? The only way this stock is going up is when a significant number of NEW buys get entered to eat up all the sellers. Also us that are long in at > 1$ are not likely sellers but those who are day trading this stock may be looking to lock in a 10-15% gain.. We now have to deal with this crowd as part of the penny stock bliss.
I do agree that there is a red zone defensive set of NAB funded linebackers ready to naked short like crazy once this stock gets near $1 but that talk has been beat to death.
Happy to hear about best of getting out a few days early. Curious what the #’s will be on that but new revenue is how it has to turn around.
September 30th, 2008 at 3:46 pm chizzle Says:
They do have good customer sevice, my radio got stolen out of my car last year and they sent me another one for free, the only thing that sux is that the new one gets so much static, sometimes I have to turn it off.
September 30th, 2008 at 4:03 pm Seriousinvestor Says:
Fucking incredible. Someone AGAIN successfully closed SIRI at a new low. It is happening every fucking day.
September 30th, 2008 at 4:14 pm chizzle Says:
I wonder if it is goin to go to 25 cents a share, that way I can buy 8000 shares for 2k and lower my average cost to like 90 cents
September 30th, 2008 at 4:16 pm frigginregan Says:
AAHHHHHHHHHHHHHHHHHHHHHHHHHHHH!!!!!
57 FUCKING CENTS!!!!!
We are DOOMED!
What good can come of this now? I mean…EVEN IF….EVEN IF we get GREAT NEWS NOW….whats the best we can hope for???
A pop to $1.00????????
I feel like screaming. Some bozo on CNBC just announced proudly that the market RALLIED today….and all us Sirius Shareholders can do is bang our heads on the table.
I have OFFICIALLY given up. I am LONG the stock but not by CHOICE anymore. I am stuck.
But I can no longer muster ANY hope or positive feelings about the stock. NEVER in my life have I experienced a stock like this. I could throw a friggin dart at a stock chart and ANY stock would do better.
Sirius is BEYOND a bad stock. It is the WORST STOCK.
Even the dogs in my stock list have given me an out…popping MANY MANY times over the last 2 years. If I had my Sirius money in them instead, I would have doubled my money again and again.
I am serious…..ANY stock in my list would have made more for me this week…in this HORRIBLE market than Sirius has for me in 3 friggin years.
And it just keeps getting WORSE.
I OFFICIALLY believe a conspiracy is afoot now. The other day when Goldman downgraded the stock to 50 cents…people freaked….but then Citi comes out with a $3.75 price target.
HOW MANY PEOPLE fell for this and bought even more?
Luckily I didn’t. But I fell for it a few months ago when Goldman came out with a $1.00 price target and then Citi came out with an $8 price target.
I am TELLING you…Citi and Goldman are in CAHOOTS. It’s the oldest Grifters trick in the book.
They KNOW how much passion people have about the sirius product and stock. They’ve USED that passion for the last 3 years to MILK the shareholders for EVERYTHING all the way down.
I CURSE the day I ever bought this stock. I KICK myself for not getting out for a “slight” loss last year. I kick myself again for not getting out right before the merger announcement.
SOME FUCKING TRiUMPH this merger was.
Wouldn’t we have been better off without it?
Or better yet….WHY THE FUCK DID MEL HAVE TO CLOSE under such UGLY conditions???? I am now CONVINCED HE DIDN’T have to!!!
Does anyone REALLY buy his reason? I don’t. Think about it. If he didn’t RUSH to close the deal…he could have let it ride alittle longer. He could have waited until the credit environment got better.
I’m fucking pissed off.
We are in the 50 cent range NOW!!!!!!!!!!!!!!!!!!!!!!!!!!!!
WTF???
I know we’ve been at this price BEFORE…but thats when we were a stand alone company with only a few thousand subs.
We’ve FUCKING MERGED. We are a FUCKING MONOPOLY WITH NEARLY 20 MILLION FUCKING SUBS.
THIS MAKES NO FUCKING SENSE!!!!!
September 30th, 2008 at 4:26 pm chizzle Says:
I hear u friggin, this is the only investment I have, I thought 3 years ago when I bought it that it would make more than the interest on a savings account instead I continued to dump my money into this pile of shit stock, now my 4 years of savings is wiped out. I guess I better try to find a higher paying job because I am in a monster hole.
September 30th, 2008 at 4:27 pm frigginregan Says:
The ONLY reason I am hoping for the Bail out plan is the HOPE that it would help Sirius refinance it’s debt.
Otherwise I want to see Wall Street and Goldman and all those crooks burn. I want to watch on tv as they jump out of high rises because they’ve lost everything.
I’d laugh. I want them to suffer.
Having said that, I blame MYSELF for breaking my own rules and averaging down as much as I did. I’ve never been this wrong with a stock before….and I just want it to be over. KILL the company or make an announcement. ANYTHING is better than this slow death spiral.
September 30th, 2008 at 4:30 pm dave Says:
Friggin we all feel your pain. Im in the same boat. Down a fucking shitload of cash. I refuse to buy more even at these prices. If i ever recover from this stock Im done with the market. Its gambling plain and simple. No room for the little guys any more. I could cry on how much Im down. For MEl to not come out with a statement boggles my mind. I know one thing my 4 subs will be canceled if we get fucked.
September 30th, 2008 at 4:33 pm frigginregan Says:
Mostly I am pissed for the last 4 grand I sunk into Sirius at $1.
Alittle voice told me not to. Even tho it was only a FRACTION of the total amount I’ve sunk into Sirius, it was my last chunk of savings.
I could have made MORE with that 4 grand this week alone in this HORRIBLE market with practically ANY other stock…..than I have EVER made in Sirius….which is NOTHING.
I have not made ONE dime with Sirius in 3 years. I have only LOST.
September 30th, 2008 at 4:43 pm Steve Says:
Frigginregan:
I could not agree more with your comments above. I have taken a beating on this stock and was forced to sell 2 weeks ago.
The thing that is really interesting regarding the “ugly” financing deal that Mel said he was forced to take to get the deal done, is, if now we are to believe that Mel and his billionaire buddies are being thought to be the financial saviors if Sirius XM cannot get decent financing, then why didn’t these same guys come to the rescue at the time of the merger to put together financing? To think that Mel and his friends are now going to loan the company money is not realistic unless Mel did in fact have an ulterior motive for taking the “ugly” financing in the first place.
COS1000 in another post the other day made mention I beleive of a gag rule that has prevented Mel and the rest of the management team from talking openly regarding the merged company. Does anyone know any details to the validity of this statement and where it can be found on the Internet?
September 30th, 2008 at 4:46 pm bonesy Says:
friggin you speak well for all of us. i’m down 50K and still believe in the product, i love it, but the stock is ass paper. good news might drive it down to 25 cents, I just hope they don’t so a reverse, (no benefit) and BK doesn’t seem possible with increasing revenue. If those 2 things don’t happen we might be good in 10 years :O
September 30th, 2008 at 4:49 pm frigginregan Says:
Hey Dave. In a strange way it’s comforting to know I am only one of THOUSANDS who have been burned by this stock.
But I am not giving up on the market. I am SERIOUS when I tell you that EVERY other stock in my list would have made me a SHITLOAD of money.
Not saying that every stock will double….but my instincts are good. And my research in the alternative fuel and stem cell sectors is extensive.
My mistake was that I let emotion get the best of me with Sirius. I bought it on hype and made EVERY mistake with it you can ever make in a stock.
I couldn’t even write it funnier if I tried. After making a killing in my first ever investment…I dumped it into Sirius when Howard Stern was signed. At first the stock took off. I should have sold then. But I decided to go surfing in Brazil.
I explored the Amazon and didn’t have access to a computer. 3 months later…..while away….the stock dropped.
And ever since I’ve been averaging down.
I was JUST about to get out last year when they announced the merger.
Lol….and we all know how THAT turned out.
All those months of hearing MERGER IMMINENT!….and it took nearly 2 years.
And then….the closing of the merger nightmare.
And then the price kept dropping.
Like I said, the last time I averaged down was a few weeks ago when it hit $1
But now…even if it drops to 25 cents I am not sinking ANOTHER dime into it.
Because my excitement at OH MY GOD WHAT A GREAT PRICE….has been replaced by a feeling of complete dread.
I only wish this sense of dread entered my head all those other times I averaged down.
Because now I just feel it’s going to go so low that Mel just files Chapter 11.
As Mel says….it SUCKS.
But its true. Thats how i feel now. And I am an OPTIMIST by nature. This stock KILLED that out of me.
September 30th, 2008 at 4:58 pm frigginregan Says:
Can I ask y’all a question? Remember last week when European Sat radio company WRSP got financing for its debt and shot up from .60 to $1.90…..
If that happens to Sirius and Sirius shoots up to almost $2…how many of you are going to sell and how many are going to take it as a sign of good things to come and KEEP holding?
Even tho I averaged down to a $2.49 break even target, I for one am SELLING if we get close to $2.
I’ll take the loss. But at least I’ll be out.
I am trying to psych myself up to stand by this sell conviction should this scenario happen….because I KNOW how many times before I thought about getting out and then some positive news came out and I HELD…..only to regret it later.
I’m just curious what everyone else is thinking about this.
September 30th, 2008 at 5:03 pm chizzle Says:
I think I will sell a portion, maybe like 60% of my shares
September 30th, 2008 at 5:04 pm bonesy Says:
i will sell some at $2.00 but not allot, if its starts going up, i think it will a steady climb
September 30th, 2008 at 5:14 pm chizzle Says:
It needs to quadrouple to get at $2, I don’t see that happening any time soon. Which sucks because I can’t leave my money in this stock forever, eventually Im gonna need to use it for a house(if there is anything left)
September 30th, 2008 at 5:15 pm frigginregan Says:
Great…now the vultures are circling. Motley Fool just came out with an article calling for a 20 to 1 REVERSE stock split before it’s too late.
I really can’t take this anymore. I WANT OUT OF THIS FUCKING STOCK AND THE INSANITY THAT SURROUNDS IT.
I am so tired of this bullshit.
I swear….everyone is in a panic on tv about the economy….but to me thats a picnic compared to the emotional rollercoaster ride that is Sirius.
I’m SERIOUS. I have DOZENS of stocks right now in this market that I’d be making ALOT of money in if I had all my funds out of Sirius.
I’d be in HEAVEN in this market. The only pain I’m feeling or EVER felt in the market has come from ONE stock and ONE stock only….SIRIUS.
Like Mel said…it SUCKS.
By the way….WHERE THE FUCK IS MEL???????
We are one week away from the best of launch and he is NOWHERE TO BE FOUND. Any other CEO would be out there talking up the news. The fact that he is SILENT only fills me with DREAD and FOREBODING.
IF he had anthing good to say…he’d be saying it. This doesn’t look good.
September 30th, 2008 at 5:17 pm frigginregan Says:
Seriously…how can a 20 to 1 reverse split help us?
We’d have a $12 stock that would INSTANTLY be SHORTED INTO OBLIVION….possibly all the way back down below a $1.
You think it seems hopeless now? Imagine THAT happening.
September 30th, 2008 at 5:18 pm dave Says:
I will sell at $2 if they announce that they have only refinanced the Feb. Debt. If they announce they refi’ed the feb and May debt I will hold. They have 400 mill cash and a 100 mill credit line. Realistically they have the cash now. Wouldnt leave them with much cusion though
September 30th, 2008 at 5:20 pm Sirius Roadkill Says:
More rearranging of the deck chairs . . . only good news from this is that the pain for longs is almost over. Mel will be laughing all the way to the bank . . .
Maybe Hartlieb will share his pound of flesh but even a million-man-march ain’t helping this gog.
September 30th, 2008 at 5:27 pm brad Says:
Sorry friggin…I’m right there with you, man. My wife tried to convice me to sell in the $1.40 range, what, a month ago? No honey…can’t go any lower from here. I bought more. And fucking whoosh, another $10K gone. Sickening. Tragedy.
I know we’re all thinkgin the same thing, but is it too much to ask to hear from the fucking CEO in these times?
I should be careful what I wish for though, because I just know the next communication we hear is going to be more converts.
September 30th, 2008 at 5:35 pm frigginregan Says:
i hear you Brad. But I say bring it on. I want to hear from Mel. i don’t care what he has to say…I just want to hear from him.
Because this slow death spiral and being kept in limbo is like Chinese water torture. ENOUGH already.
Either END this now….or come out and SAY something to rally the troops. To give us hope. BE A LEADER MEL.
Mel is looking more and more like our lame duck President. TOTALLY ineffectual.
At least the shareholders of Lehman got wiped out overnight. WHOOSH! DONE. OVER.
We Sirius shareholders have been slowly tortured by some sick masochist out of the movie “Hostel”.
Just stick the knife in and end our suffering already. Or come out and RALLY THE FRIGGIN TROOPS MEL!!!!
Your silence is killing us almost as much as the slow torturous descent of the stock price.
September 30th, 2008 at 5:53 pm dave Says:
we need a live chat here to vent our frustrations. I refresh this page every 5 minutes. O God why did I buy this stock.
September 30th, 2008 at 5:58 pm Merger Supporter Says:
Sirius needs to start offering free satellite service ASAP - EVERYTHING or at least ALMOST EVERYTHING, Howard included, as part of a parallel ad-supported product. Get all those unactivated satellite receivers listening to satellite radio again. Seduce new terrestrial listeners to buy and install satellite radios since they no longer have to pay recurring premiums - unless THEY CHOOSE TO. It even makes for a safer gift, giving the recipient more flexibility if they decide they don’t want to make future payments.
Here’s the deal: The subscription service model will never resonate with the majority, at least when it comes to radio. At the same time, CONTRARY TO SIRIUS’ DEEPEST FEARS, the vast majority of current subscribers aren’t going to quit just because there is an ad-supported alternative. That means Sirius is WASTING the opportunity to reach and monetize hundreds of millions of potential listeners.
It’s time to embrace the people who will happily choose satellite radio over terrestrial radio so long as its free.
September 30th, 2008 at 5:58 pm Winagain35 Says:
“We Sirius shareholders have been slowly tortured by some sick masochist out of the movie “Hostel”.”
As sick as I am about this situation, that actually made me laugh! Thanks Friggin.
Like many of you, my frustration level is overwhelming. I’d love to hear from Mel, but I just don’t think he has anything good to say right now. I think it would be healthy for me to avoid checking the pps for a while and just try and put it out of my mind. Not sure I can though, it’s like a disease.
September 30th, 2008 at 6:05 pm chizzle Says:
same with me, im addicted to the message boards
September 30th, 2008 at 6:05 pm dave Says:
Merger,
They should do the free side of satd for ad revenue. The only thing with keeping Stern on it for free is the profanity. I love Stern but with the way his show is now it would not suit well over a free service. The FCC would be all over them on it.
September 30th, 2008 at 6:17 pm Big Ben Says:
Friggin…the 4:16 post might be the funniest rant I have ever heard…still laughing and just called a buddy to read the post. I have lost most of my IRA so I feel your pain. 7500 shares left and I have no real hope left. I have the product in all of three of my vehicles, love the stiletto, could not imagine life without it. I own a mortagage servicing company and drive about 65000 miles a year. I know this product will be in my F250 years. This stock and company have the biggest divide I have ever seen. Thanks for the post…still chuckling!
September 30th, 2008 at 6:17 pm Merger Supporter Says:
I think the mere announcement that they plan on offering FREE satellite radio, Howard included, would cause this stock to double. At the ver least lets get those iphone/cellphone apps. Unfortunately for Sirius, the internet and wi-fi access in cars has dramatically diluted the value of their spectrum. Yes, they are a content provider, but in theory, anyone could be a content provider. So they better start leveraging their front-runner status as premier content provider, reaching as many listeners as they can, before outfits like Pandora also become content providers.
September 30th, 2008 at 6:24 pm Winagain35 Says:
I just don’t see how they could generate the kind of ad revenue it would take to abandon the subscription model. If we can get to and maintain 20+ million subscribers, this will be a money making company. Bottom line costs are shrinking every quarter.
September 30th, 2008 at 6:25 pm Merger Supporter Says:
Dave, that’s an excellent point. But 1) I’m not sure if making it FREE automatically makes them answerable to the FCC. You still need to buy a satellite receiver. It’s like a 30 day free subscription. Would that need to be censored, also? And, 2) in a way that’s a good thing. So, for the ad-supported alternative profanities could be beeped out. Enough to keep the free crowds listening, but perhaps also enough to nudge someone over the fence into buying a subscription.
September 30th, 2008 at 6:28 pm frigginregan Says:
Hey Winagain….glad I made u chuckle. These are tough times indeed…but us Sirius shareholders have been in the shit for years now.
It’s funny, but when we dropped below $2 awhile ago, I was able to let go and for MONTHS was able to resist checking the share price.
But that was before the merger. I just got TIRED of EXPECTING the announcement…so I just let go. Back then I still had hope…no…not hope….I BELIEVED in my gut that it was going to POP…so it was easier to let go.
And for a few months I was at peace. It was just a matter of the BIG ANNOUNCEMENT.
When it finally came, the “ugly” deal and following plunge was such a surprise and shock…I felt physically ill.
Once I recovered from THAT….i managed to muster hopeful feelings again. THE SYNERGIES! THE SYNERGIES!
When good 2nd quarter results came out, and the stock got slammed…I was shaken…but not defeated.
After all, Mel was about to speak at Merrill. YAY!!!
SURELY he was going to lay out the GOLDEN PLAN POST MERGER THAT WAS GOING TO EXCITE EVERYONE!!!
When I listened to the call, I was HORRIFIED when Mel said NOTHING, and actually cut the question period short so ABRUPTLY that I thought I heard the sound of him DROPPING THE FRIGGIN MIC.
I suddenly got that sick feeling again. All you heard from that moment forward was the DEBT. THE DEBT. REFINANCING THE FUCKING DEBT.
No press or commercials from Sirius about the Merger or the upcoming BEST OF OFFERING.
NOTHING.
SILENCE.
All you heard were the bashing of the stock. The downgrades.
We suffered thru Mel’s FORCED silence for 17 months during the merger delay when he was under gag order.
And NOW that he was free…and after the UGLY merger closing….Mel is SILENT????
He cuts the conference call short and we are left in LIMBO all over again.
And at the worst time….in the midst of the worst credit crisis since the Great Depression. Credit we NEED.
And our CEO is SILENT?????
FUCKING RIDICULOUS.
September 30th, 2008 at 6:32 pm dave Says:
Well they need to do something fast. In the long term this company could be a giant. Short term this is just plain torture.
September 30th, 2008 at 6:36 pm Big Ben Says:
100% agree. I stated that on seeking alpha and someone came back with, who would be listening?…..ah me cocksucker…dipshit…I waiting in line for years to ride the laser loop and they shut down KennyWood! Mel needs to crawl out from the cave and tell me personally that after 17months, no contingency plans…none? Your a joke!
September 30th, 2008 at 6:36 pm Merger Supporter Says:
Winagain, they don’t need to abandon the subscription model is the point. They simply need to also offer the alternative because the ad-supported free alternative has the potential to reach HUNDREDS OF MILLIONS of listeners, something the subscription model will probably never do. Ad-supported revenue may be a drop in the bucket now, but not when then have millions of listeners subjected to 20 minutes of commercials every hour.
September 30th, 2008 at 6:44 pm frigginregan Says:
I have another question. Why is it that us longs have all these creative ideas that would help the company….and yet Mel seems to have NONE? He SAYS he is passionate about the company…but why isn’t he coming up with these ideas? Why isn’t there not ONE single tv commercial about the merger or Best Of or al la carte radios or Mad Dog yet?????
This is what is so maddening. It’s like the shareholders care MORE than management does! I SWEAR to God if Mel throws us under the bus and declares BK without EVEN TRYING….I am going to drop my Stiletto in a blender and hit “FRAPPE”!!!
ZZZZZT!! ZZZZZZZZTT!!!! ZZZZZZZZZZZZZZTTTT!!!!
September 30th, 2008 at 6:45 pm scurby Says:
I just called about the ‘best of xm’…..I am a lifetime subscriber since 2004. The rep said it will cost a one time fee of $150 to add it to my subscription. Not a bad deal, but what is going on with MLB? MLB is the main XM attraction, just like Howard Stern is for Sirius. Mel is blowing it !!!
September 30th, 2008 at 6:46 pm amIbankrupt Says:
How can you time the market !!!! When people say buy low and sell high does not work with this stock. Every time it hit 52 wk low I bought, then it wnet lower. Before the merger, when GS said it would hit 1.75 and it did I sold. Then, on merger went up 2.65 and I thought it will go up, I bought. Then, down in the shit 0.75. I sold, then last week it poped to $ 1, I thought that is it, MEL is coming out, some insider knows something, so I bought.
Now, it is 0.50
With 250 K shares, and $350K loss, how can you tell if I sell now, it won’t get up, and if I hold and goes 10 cents I am 100 K more in blood
September 30th, 2008 at 6:47 pm Sirius Roadkill Says:
Mel Karmazin is way too shrewd to make the service free right now . . . first he will take-out the common shareholders, who would otherwise create a backlash of cancelations, through reorganization or privitization on the cheap and THEN he will make the service free.
Fed bail-out will not move the needle on share price and the Oct 6 announcement should take it below $0.40. The rest will be history as there are no good remaining options from there.
Just one man’s opinion . . .
September 30th, 2008 at 6:50 pm amIbankrupt Says:
How do we know that MEL is not serving old god buddies interest and making them millions
If this goes under he would care less, has money and most probably other offers lined up
September 30th, 2008 at 6:53 pm Winagain35 Says:
Mel has plenty of skin in the game. He’s going to do everything he can to make this thing work without a reorganization. I refuse to believe he’s part of some sinister plot to ruin the common shareholder.
September 30th, 2008 at 6:55 pm frigginregan Says:
Wow….after reading “Amibankrupt’s” rant…I’m NOT GOING TO COMPLAIN ANYMORE!
If I had that much skin in Sirius, I think I’d spontaneously combust!
Then again, it’s all relative, and my stake in Sirius is HUGE to me and just as painful.
Ugh.
Over at Orbitcast they are reporting successful sign ups to the “Best Of” with pictures.
But it’s hard to get excited anymore. Especially since hitting a NEW FIVE YEAR LOW TODAY.
Un-be-fucking-leavable.
September 30th, 2008 at 6:59 pm Winagain35 Says:
For what it’s worth, Paul Blalock called me back from investor relations this afternoon to explain why my factory installed radio won’t work with the “best of” programming. BUT he said that most OEM radios will work and virtually all XM OEMs will work. He said that they’ve had a huge response from XM subscribers.
Um… Yay?
September 30th, 2008 at 7:04 pm Joe Says:
For all you investor/subscribers, as of today you can add the best of XM or Sirius to your accounts. If you were interested in one of these packages you can call and add it today for $4. Better yet, prepay for a year, get a discount and we can pump some funds back into the company that we love so much…well at least I do!!!!
http://www.DearFederalGovernment.com
September 30th, 2008 at 7:07 pm Sirius Roadkill Says:
Prepay? This company??
September 30th, 2008 at 7:16 pm Zach Says:
I still believe in this company. I knew it was a speculation stock. And I knew from the start, the downside risk was chapter 11. Still, I invested.
I wish I hadn’t. But, still, they are operating well. I just wish I heard more from Mel. His silence, in my mind, justifies this stock’s dismal demise. His silence speaks volumes. In my mind, it says, “Wall St. is right, we are doomed; we are going to be delisted; chapter 11 is coming”.
But I will not sell. Because I’m attached to the company and so buried in the stock, what’s another few cents. Take it for what it is. Just a rant, full of disappointed but I own my mistakes. And I will not sell.
September 30th, 2008 at 7:28 pm chizzle Says:
I love it, I am trying to activate my XM radio and this is the error message I am receiving:
We are very sorry, the page that you requested does not exist.
XMRadio.com has been redesigned recently, which required that some pages be moved.
Shitty fuckin company. I am so annoyed with these bastards.
September 30th, 2008 at 7:42 pm imromo24 Says:
surfed around the two websites and it looks pretty good. Clearly the year of not being able to talk as separate companies hurt the hardware side of things.
Slowly we will see new subscribers creap in with this new addition. A true ala carte when the interop radios come out should be a big sub pop.
September 30th, 2008 at 7:46 pm spanyo Says:
Maybe Mel just doesn’t mind if shorts drive the price down to a dime or less. Then he can just start gobbling up shares. Put enough buy limit orders to prevent anyone from taking it to zero.
September 30th, 2008 at 7:53 pm brooklynSal Says:
Guys I am in the same boat as all of you, I hope we don’t go bk and if it takes me years to make my money back i will live with it.
If they go private then what I get I get and if they go BK then let it happen this year and I will be upset, but I can at least move on already.
Anyone live in NYC we should go out for drinks and sulk
September 30th, 2008 at 7:54 pm PM Says:
Maybe I missed them in the thread, but where are Brandon and Tyler? Looks like the GS slime bucket that called a 50-cent target may be right again. And Citi? WTF? How can there be so much of a spread in analysts’ opinions? Like most above in this thread I am disappointed, to put it mildly, but not discouraged. I treat SIRI as a spec play, long term unless it goes to BK, which by reports is unlikely. I’ve drawn my cash down to go in other directions. Soon as I can more in the kitty guess what? More SIRI. Damn the hedgers, shorts, GS’s, BS’ers, and absolutely lame assed Sirius XM “silence is golden” crap. This stock makes no sense–so who the hell knows where it will land. It tanked to the 30-cent range back in March ‘03 (I think) as the all-time low … but the flame did not die. So I am staying in. And friggen … you kill me. I just LMAO at your posts–laughing with you but not at you to avoid frothing at the mouth. Long sorry SIRI.
September 30th, 2008 at 7:56 pm vaporgold Says:
Friggin,Dave,Chizzle, and to the other Sirius longs.
I am in the same boat with you guys and I will lose a bundle.
Just does not make sense to have 19.5 million subscribers and we are trading at .57
I have been thinking for months now that a plan to take the stock to BK, or so low that a .25 to.50 offer from a Microsoft, Google, etc will seem like someone is saving us from a complete loss has been in the works for sometime.
We all know the company will be doing fine in 2010 and 2011, 2012 and on and on from there.
Are we being sold down the river?
Class action suit? financial attorneys to investagate the merger where we were told this will be great and all of a sudden “Bad Loan” that had to be done in a hurry????
Sirius knew they were buying the company for 17 months and they knew the time for a answer from the FCC was getting close. Mel had to hurry” WTF had he been doing the past 17 months. all of a sudden he was scared of the NAB?
That is like you and I going to buy a car, but after we sign for it, we relize we don’t have any money or loans set up..Give me a break
Just does not make any sense.
I really don’t give a shit at this point, But if Mel tries to BK, merge, sell,reverse split,or any other bullshit we should file a class action suit against the company.
Just let financial class action suit attorneys investigate the whole F—– company.
Starting with Apollo, Goldman Sachs, XM mangement, Sirius mmangement, the merger, the bad loans, shorting, the naked shorting, the stock manipulation,and see what becomes clear.
The only I can say to everybody,
At the current rate of decline in the stock price, it is going to happen soon, look for that savior to come along, or the BK to get rid of the debt and Sirius XM goes back in business the next day…
won’t be long and the suffering will probably be over, the scars will take a while longer
September 30th, 2008 at 7:59 pm amIbankrupt Says:
Early July Jim Cramer when it was $2.75 said “this company metrics and numbers are sound, he can not understand why this stock is so cheap, if they merge, it will double overnight” I listened and bought more
Then he said he would buy RIMM, apple, WaMu, Wachovia nad Merrill, I listened and bought more
Where is the F**** is Mr Cramer and who is he pumping up stocke for his friends to dump later
Should FBI investigating him and his show sponsors
September 30th, 2008 at 8:03 pm chizzle Says:
I love it, I am trying to activate my XM radio and this is the error message I am receiving:
We are very sorry, the page that you requested does not exist.
XMRadio.com has been redesigned recently, which required that some pages be moved.
Shitty fuckin company. I am so annoyed with these bastards.
I am trying to give them money and they wont even take it! LOL
September 30th, 2008 at 8:04 pm amIbankrupt Says:
How could he go BK when he convinced banks and sold $1.50 shares to raise money after the merger. Where those banks idiots to buy in @ 1.50 and loose their money
September 30th, 2008 at 8:06 pm spanyo Says:
How would everyone feel if Mel came out and said that he is going to to lend the company around $200 million?
September 30th, 2008 at 8:14 pm amIbankrupt Says:
look ar Reaserch in Motion was 140 2wks ago, today is 60
Who are those people ruining the economy, and where is the SEC, FBI and treasury.
If you rob a bank at gun point you are jailed, but if you short a bank to bankrubcy, you are rich guy in the hamptons
September 30th, 2008 at 8:20 pm PM Says:
What’s Mel’s average? What does he stand to lose, if anything on his shares of the common? I’m at 1.50/share. I could drop my avg to the 1.20 range, maybe lower–but for now I am on hold. Motley Fool today emphasizes a reverse split. The buzz right now goes way beyond this blog. I can just see a big institutional investor swooping up tens of millions of shares at the current SP, then miraculously the SP launches. Somebody will no doubt write a book about this stock’s saga. Right now I don’t know who I despise more, our stinking elected officials at the federal level or the even smellier business and financial players toying with SIRI.
September 30th, 2008 at 8:22 pm PM Says:
friggen, I need some comic relief. Go for it.
September 30th, 2008 at 8:23 pm SXMInvestor Says:
I think the stock is pricing in 500 million shares of 50 cent convertible stock.
Mel said it was not an option, but he may be bent over a barrel here.
September 30th, 2008 at 8:33 pm Winagain35 Says:
SXM,
Interesting theory… But why would Mel be bent over a barrel now? We have until February to figure out what to do with the converts. Seems the best plan would be to hunker down, weather the storm, and then seek financing.
September 30th, 2008 at 8:39 pm MBD Says:
can anyone explain the 20 mil shares dumped on SIRI in the last 10 min of trading?? 2 days in a row now
September 30th, 2008 at 8:40 pm Mike Says:
It’s really disappointing to see everyones frustration but I’m sure nobody has suffered like me. I have averaged down from 6.88 to 2.05 with 118k shares always believing in Mel. All of his past accalades including being called Wall Streets Sweatheart made me sink everything into Sirius. The service is great and everything Howard has touched in the past has turned to gold. How could I have passed up Howard and Mel again? I mean Mel bought clear channel for 17.70 a share and sold it to Viacom for $170.00 a share 5 years later. At these prices nothing but lack of interest is present. Who the fuck gets Serios about a $.57 cent investment? Like I said I wish my investment was as much as everyone else on this board. Thanks Mel, I hope you retire happy.
September 30th, 2008 at 8:44 pm PM Says:
I sent a nasty gram to Sirius XM investor relations. More should contact IR to express on how INVESTORS are getting treated. My next step is to start hounding the outside board, because the IR people at just PR typesm, IMHO.
September 30th, 2008 at 8:44 pm SXMInvestor Says:
Winagain,
with a market cap of 1.8 billion, why would someone lend you 1.1 billion (debt due in 2009) They could almost buy you.
I understand it’s just 300M by Feb, so not sure why stock continues to get murdered down to 50 cent range (will this be bottom ?)
I hope the car sales and difficulty getting loans and just consumer meltdown doesn’t derail Mel’s plan to get term loans, but it almost seems like something is really up.
September 30th, 2008 at 8:45 pm PM Says:
“are just PR types,”
September 30th, 2008 at 8:47 pm PM Says:
I am not good at writing an editorial, but someone on this blog who is should send one to the Wall Street Journal to make a case for investigating the SIRI SP cause and effect.
September 30th, 2008 at 8:54 pm Krypto1 Says:
This is a PAINFUL deal for shareholders… Friggen, your funny as hell & I know how you feel. Mel K is screwed if he talks & screwed if he remains silent. If he makes this work he is earning his money…. Still think the credit markets will improve & the Feb hurdle will be met, The cost cutting side of this equation is where the most shareholder benefit can be realized in the short term & I am sure that the management is trying to cut enough to offset weaker sub adds & paint a decent picture with the Q3 earnings call. Best of will help, but a RIF & healthy 1 time restructuring charge will stem the flood of fear & take the priced in dillution factor off our backs. It can work…..
September 30th, 2008 at 9:11 pm Kent Says:
I’ve seen the stock price this low before but I didn’t have $60K with a cost basis of $3 invested in it then. I will ride this SOB out for 5 years, evaluate and hope GM and Ford don’t go bankrupt during that stint. I hate to say this but if a reverse-split is needed in the future to prevent the stock from being delisted I would favor that over taking it to the Pink Sheets or a Chapter 11 filing!
September 30th, 2008 at 9:40 pm chizzle Says:
I hope people aren’t having as much trouble as I am trying to activate my radio. Its been 3 hours and I still am not making any progress, the website isn’t working and no one is answering the phone. Its quite vexing.
September 30th, 2008 at 9:45 pm Kent Says:
Sept. 15th, The CEO of Wachovia was on Cramer’s show saying his company was well positioned in this sub-prime mess with only 10 billion in write downs. As it turned out Wachovia had 43 Billion of write downs and they are being bought out! Cramer later defended the SOB saying the CEO didn’t know how much bad debt his company was involved with when he came on his show. Puh-leeze! He is the CEO of Wachovia, gets an outrageous bonus as part of his pay package and is clueless about the state of his company! Where can I get a job offering multimillion dollar bonuses with zero accountability? These crooks deserve to be in prison and Cramer’s show serves as their soap box!!
September 30th, 2008 at 9:54 pm frigginregan Says:
Where is Tyler and Brandon? I wanna hear “Tyler’s Take” and “Brandon’s Bet” after todays new 5 year low.
I’m half expecting them to change the title of their mini radio shows to:
“Tyler Takes a Shit on Sirius” and “Brandon Bets Against Sirius”.
I can’t believe Sirius has dropped 70% just this quarter ALONE. It seems like the rate of our downward spiral is increasing rapidly. And it kinda makes sense considering that Mel only has 4 months left to secure a refinancing deal. Things ain’t looking good my friends. And as a Long suffering Sirius long…it brings me no pleasure saying so.
But how…after all we’ve been thru…can we continue to carry the torch of hope knowing what we know? And having experienced what we’ve gone thru again and again with this stock?
Mel like it or not, is our “leader” and he has grown as silent as Dick Cheney. Sirius seems like a ship without a captain right now.
It was hard enough dealing with not being able to fight back during the 17 month merger delay. But at least then Mel had an EXCUSE. He wasn’t ALLOWED to talk. His hands were TIED.
But NOW? Now he is totally free to LEAD….to rally the troupes and FIGHT the naysayers. And yet…he has curled up tighter than a tick on a baboons butt.
Wheres the fight? Wheres the spunk? He is throwing us and the stock to the wolves.
The “Best Of” launches in a week and WHERE IS HE??? WHERE are the tv commercials and promotions????
ARGH!!!!
If Mel is planning to pull the plug I wish he would just DO IT already. What kind of SICK TWISTED FUCK gets his jollies this way? Is Mel THAT evil???
Has ANYONE heard from Mel? Or know where he is? Maybe he was kidnapped by some psychopath like the one in the movie “SAW”….and is currently chained up to a pipe in some deserted factory bathroom. Come on Mel!!!! Saw thru your ankle and hop out of there! Your shareholders are getting pissed off!
September 30th, 2008 at 9:59 pm Zach Says:
I figured I’d ride this to the dirt… but I feel trigger happy.
September 30th, 2008 at 10:01 pm brad Says:
Hey friggin–
Sirius should hire you to write their press releases. At least there would be a little passion in them.
Does anyone know anyone at Sirius that might be able to shed some light on anything? I’d love to run it to the guy screwing Mel’s secretary. I’ll bet he would have some info. If he’s not out there, would somebody start screwin’ Mel’s secretary.
September 30th, 2008 at 10:05 pm Winagain35 Says:
My new plan…
I’m going to write this investment off. It’s gone… zero point zero. I’m going to TRY and live my life, get some sleep, save some money that won’t go into the market… and in a couple of months I’ll check in and see what happened. Was I right? Or do I have a little windfall.
Ah shit, who am I kidding…
September 30th, 2008 at 10:10 pm frigginregan Says:
Does anyone else think Mel is SCARED to hold a shareholder’s conference call?
Can you imagine? LOL. HOLY FUCKING SHIT. Pardon my French…but I’m laughing trying to imagine the calls. Yikes.
Zach, so does this mean you are selling or buying more?
I’m DEFINITELY thru with “averaging down”. No more for me. Although I’m holding till the bitter end….I MAY sell my last averaging down of 4000 shares at a buck if we rise alittle higher. If I could just get that small chunk of cash back at break even…it’d be a small victory.
Right now there are a TON of stocks that have been beaten down in this crisis that I could throw that 4 grand into. Stocks that unlike Sirius I KNOW will POP back up soon as the economy starts to get better.
With Sirius…I have no such faith anymore. But I will let the rest of my shares ride.
September 30th, 2008 at 10:13 pm socalrunningfool Says:
Friggin. LOL LOL LOL. Everyone else. Move over cause I’m in the same boat and I need a spot to put my sorry Sirius Investor ass!!!!!!!!!!!!!
September 30th, 2008 at 10:21 pm SXMInvestor Says:
I’m at a complete loss of what to do. Luckily I got out again at .90 after getting back in that friday where we hit 1.00 thinking it would go higher.
Now I can buy 50% more shares at this price, but still afraid. I got what I want and can’t pull the trigger to but even at .57. I might buy at 50 cents and then pray for someone to flip a switch and get a runnup to 80 cents or 1.00 or even better Mel breaking loose and telling us SOMETHING - maybe a term loan being close to being woked out.
Hope I don’t wait too long and see this stock run over 1.00 without me. I’m in since 1.50 to 9 and back down to .90 cents, and given 5 years of my life, savings & don’t want to lose the balance…
How many others are in my same position ?
I know where your coming from Friggin.
September 30th, 2008 at 10:21 pm socalrunningfool Says:
“Tan and rested”. Those are the famous words used to describe Mel on the day the merger went through……………………………..Why I ever kept this piece of crap stock Friggin I have no idea. Just like you said. My fear factor instincts went straight up on that. Why? Cause I knew right then Mel hadn’t done a damn thing to get us ready for a merger. Conspiracy theorist can see how it spells out. Mel, comes out. Says due to the credit crisis we are filing BK. C’mon think he hasn’t gone over this entire thing with his board of directors and accountants. Of course he has and is talking it through I’m sure. Or, you say he’s a man of his word. That he is cutting costs and riding this out. That he is a proud guy with kids of his own. That he truly resists being labeled a failure and that when he brought the likes of Howard etc., in he wanted to do them proud. No way can I see Howard being park of a BK scam. No way. He would shit a friggen goose. la tee da tee da. Someone pull the rip cord and eject my sorry ass outta here.
September 30th, 2008 at 10:22 pm chizzle Says:
got my best of, FINALLY
September 30th, 2008 at 10:25 pm spanyo Says:
Patience grasshoppers.
September 30th, 2008 at 10:29 pm frigginregan Says:
I’m watching Countdown with Keith Olbermann on CNBC right now…..MAN….Sara Palin should STOP doing interviews. LOL. Yikes.
Actually on second thought…she should KEEP on giving them. I NEED to laugh. Sirius is bringing me down.
Anyone gonna watch the VP debate Thursday? Now THAT is going to be fun. I’m gonna stop having a pity party and have a Palin party instead. Invite some friends over. Lots of alcohol and drinking games. Every time Palin flubs a line, ya gotta take a shot.
Gonna be shitfaced 5 minutes into the debate I know it.
September 30th, 2008 at 10:38 pm SXMInvestor Says:
XM hasn’t fully updated their site for “Best of”. They show the channels, but no advertisement of it like Sirius for XM. I guess by tomorrow.
And where is XM’s ala cart receiver for Oct 6th ?
September 30th, 2008 at 10:59 pm frigginregan Says:
How many of the 19 million Sirius and XM subs do you think are going to go for the “Best Of” option for an extra $4.99 s month?
If 4 million of them do…that’ll be $78,000,000 extra dollars by the time the Feb debt is due.
Not quite $300,000,000….but between that, the cash on hand and some credit….
OH! WHO AM I KIDDING?
September 30th, 2008 at 11:04 pm Winagain35 Says:
Friggin…
I’m imagining Mel at the conference call…
“Shareholders… times are tough. We’ve been through a lot, the share price has been beaten down and we’re on the brink of bankruptcy. But… today, I have some great news!
I just saved a boat load on my auto insurance!”
Yes, we’re down to cliche’s for laughs…
I’m with you on the Palin drinking game. I’ll be playing along!
September 30th, 2008 at 11:11 pm frigginregan Says:
Lol Winagain.
Man….all I know is that Mel should be BANNED from ANY attempts at humor or joking until the debt is refinanced. If all the shareholders voted on that, it’d be UNANIMOUS.
September 30th, 2008 at 11:15 pm SXMInvestor Says:
What an incredible product though and even better now with cross content ! I’d take out a loan to put on this stock at 50 cents if I thought it would go to 2.50 or at least thought it would not go Belly UP.
September 30th, 2008 at 11:18 pm Justsirius Says:
Friggin Would you pleeeease stop beating around the bush and just tell us how you really feel! You are absoulutely killing us!!! But we need it right now. Look on the bright side. If your canidate gets elected…your mortgage will be forgiven, free college for your kids, cheap govt healthcare, more $$$$ for welfare, and don’t forget the extra 1000 bucks he’s promising. Life won’t be so bad!!! Also, at least you won’t have to pay the 28% capital gains tax your guy wants the idiots that actually profit in this F…ing game. hang in there man. We are all in this together. Friggin you need to bale more water from your side of the boat! Where’s the guys pumping us up tonight. This blog is killing me!
October 1st, 2008 at 12:06 am frigginregan Says:
I’m just venting thats all. It’s healthy every now and then. Especially for us Sirius shareholders. And most of the time I try to do it with a sense of humor. MOST of the time. Other times the frustration of being stuck in this stock and all the things that have happened is just too much and I unleash a long bitter tirade.
Anyway…on the brighter side, Bush signed that 25 Billion loan for the Auto industry today. Don’t know what if any positive effect it’ll have on Sirius. But at least it’s something.
And “JustSirius”….yeah….Obama is my guy….but I just KNOW my luck, and Sirius won’t POP until AFTER he is sworn in…and I’ll HAVE TO PAY THAT 28% tax. LOL. How can it turn out any other way? If they don’t go bankrupt….that is what will happen.
October 1st, 2008 at 12:44 am Justsirius Says:
Friggin
Since Bush is in the giving mood…Maybe we need to request a Sirius loan to the tune of 1 billion or so. Or maybe even Obama will do it. He’s planning on giving away the farm anyway. For this one instance, I really don’t mind paying 28% either!!
BTW-other blogs citing jammed phone lines trying to get Best Of.
October 1st, 2008 at 12:46 am Justsirius Says:
Need a good laugh…go to Motley Fool article on 20 to1 reverse split and read the comments. Author got his ass kicked. Funny as hell!!!
October 1st, 2008 at 12:55 am Justsirius Says:
Friggin
Just one more thing… if this doesn’t work out for you. I think most of would pay to see your antics on stage. We only get to read your shit. The inflection changes…the arm waving…giving Mel the finger about 1500 times each performance…I’d pay(if I have anything left after this cluster F$%*&^@)
Keep us LOL. We will probably need your stuff to help us with our sanity near term!!
October 1st, 2008 at 12:57 am Sirius Roadkill Says:
Mel Karmazin may have lied to shareholders and gotten away with it . . . the FBI, however, will not be so forgiving nor “unsophisticated” . . . I think the “over-subscribed” financing may have done ya in Mel. That one’s gonna be a tough sell under oath . . . and ya can forget hiding the personal assets in your family’s name too.
October 1st, 2008 at 1:06 am socalrunningfool Says:
Friggen: Please never return to that poster who says I’m going to wait until February ever again. Your way to valuable in this mode, in fact truly we should be adding you to the “Best Of”.
October 1st, 2008 at 1:53 am brooklynSal Says:
great post Winagain35, that is exactly how I feel.
October 1st, 2008 at 2:09 am SXMInvestor Says:
I have noticed a few things about the strategy Sirius is taking since th merger to help with churn & cash flow.
1) They sent a notice in the mail that states that they will automatically renew credit card subscriptions when term of subscription is due to expire, without further notice.
2) Looking at the way the websites are now operating, they are tailored to bring in the cash up front, by getting the full year charged to your card in one shot vs monthly. I did not have a choice when going threw the process. I’m sure their is a way, specially by doing it by phone, but this is a slick way of getting full year & multi-year renewals and up front $.
3) I think XM is doing a similar thing from what I can see. Also XM offering 1st 3 months of Sirius Best of free, then you get charged for 6 month, 1 year, whatever you choose. Another good way to entice XM subs to get Howard Stern, NFL, etc and lock them in again longer term with increase in cash starting in 3 months.
Also noticed a few other things. XM offerring 6.99 music only & Sirius is not. Sirius offering Ala Cart right now and XM not yet.
Anyway, they seem to have done some unique things that are subtle, but may work in getting the cash flow to pop in coming months.
Anyone else see this, agree ?
October 1st, 2008 at 9:01 am PM Says:
A shareholders conference? That’s what we need. Afterall, it has been decades since Mt. St. Helens. Above, I mention that I sent a nastygram to IR. It was about hanging investors out to dry. Checked my email a moment ago. Still no response from IR, like they are eager to reply to another disappointed investor. Also above the comments about Sirius XM’s silence and the company being a ship with no captain. That is the way it appears. Lack of communication says tons about the company and its leadership. Mel had better get a megaphone and start using it to shore up confidence. And regarding one more comment from above, about patience. I have it but its really being pressured … kind of like lava under Mt. St. Helen’s currently growing dome. Better get some good news soon and a pop along with it. If Mel allows the common to tank entirely then my guess is there will be a backlash on the sub side among burned longs. (And friggen, ditto to others’ comments above about your value. Humor is powerful, especially among the weary. Long ago in the infantry I was on a nighttime patrol. My team had been up for three days with virtually zero sleep. Our point man was exhausted and walked right into a 500-pound bomb crater that was half filled with rain water. When he tumbled into the pool you should have heard him explode. Most creative use of curse words I ever heard–to this day. Upon seeing what happened, the rest of us completely lost it. As stressed as we were, it was the funniest thing and lifted our spirits. We howled about it for six months. Your humor is having a similar effect on us SIRI longs. Keep it up. Win, lose or draw, maybe in the weeks and months to come we will all be able to look back and laugh at this mess.)
October 1st, 2008 at 9:01 am Neal Barkett Says:
Where is the marketing? Have not seen a commercial or anything promoting the Oct 6th “best of”. HAVE THEY GIVEN UP! I’m wondering if they are looking at Wallstreet and not Mainstreet. I can’t help but to think that no one w/ guts is at the wheel. They won the merger and should be screaming in the publics ear about this as a victory and turn on the 20million idle radios on for a short period of time to bring these listeners back as part of the Oct 6th “best of”. Something is starting to stink. Mel, have you been swimming in cold water, because I think your’e suffering from shrinkage. Hope I’m wrong and you something big planned in the very near future.
October 1st, 2008 at 9:25 am scurby Says:
Doh! no MLB on the ‘best of xm package’
October 1st, 2008 at 9:48 am socalrunningfool Says:
Happy October 1st! Somebody scare the shit of out this stock price and make it jump!
October 1st, 2008 at 9:49 am socalrunningfool Says:
out of. Boo!
October 1st, 2008 at 12:01 pm SXMInvestor Says:
October has historically when Sirius would start to move higher, but we’ll see.
Maybe they will make an official announcement that Best of & Ala Cart is launched & it will hopefully gain some momentum.
October 1st, 2008 at 1:15 pm frigginregan Says:
OK MEL….LISTEN UP!
Where is the TV commercial for the NEW Sirius XM?
I know the interoperable radios are not going to be available for awhile…but WHERE is the commercial promoting the NEW BEST OF PROMO? The a la carte radios?
You’ve been merged for months now and the launch of the BEST OF PROMO starts in 5 FRIGGIN DAYS!!!
Football season is 5 weeks old already. MAD DOG has been on air for 2 weeks already! The World Series is about to start soon!
WHERE IS THE AWESOME TV spot promoting all this??? Getting the word out there to the masses that there is a NEW RADIO GIANT out there??
Don’t tell me you can’t come up with a creative campaign like the Apple commercials!
You’ve got a WEALTH of TALENT AND CONTENT…..USE THEM!!!!
Imagine all the top music artists that have shows on Sirius/XM making cameos in the commercial.
Also Howard, Oprah, Martha Stewart, Football stars, Baseball stars, Nascar…ON AND ON!
The possibilities are endless.
MAKE IT COOL to have Sat Radio. Explain that the TWO are one now with the BEST OF….you dont have to wait for interoperable radios!
Take the FRIGGIN WIND out of internet radio companies like Pandora and Rhapsody who have been advertising on tv lately! SHOW the public that you are so much COOLER AND BETTER THAN THEM….because you can listen to Sirius XM EVERYWHERE. In your car. On your computer. On your cell phone.
EXPLAIN and SHOW how LACKING the internet radio companies are because they don’t have the LIVE music or Sports that you do. Or the amount of content.
IT’s NOT HARD!!!
You could come up with a KICK ASS TV CAMPAIGN that makes it clear there is only ONE choice for the future of radio….SIRIUS XM!!!
COME ON MEL!!! WHAT THE FUCK ARE YOU WAITING FOR???
Don’t WAIT until the FRIGGIN SUPER BOWL to air a commercial!! NOW is the time to plant the seed. Do you realize how much you can ingrain your product into the consciousness of the American public by January?
IMAGINE HOW MANY MORE SUBS YOU’LL ADD by the time the FEB debt is due if you DO THIS NOW!!!!!!!!!!!
I can picture several different types of commercials. Some that feature ALL your content. And others that are targeted for specific groups like SPORTS or Music…or TALK.
Nab a star like Brett Favre to promote FOOTBALL season on the BEST OF.
BE CREATIVE DAMNIT!!!!
Gimme a HD video camera and a Mac computer and I’ll shoot and edit one for you numb nuts!
It ain’t hard.
Wheres the passion????
You can’t AFFORD NOT to do this.
You want to REALLY blow out the 4th Q and kick off the 1st Q kicking MAJOR FUCKING ASS????
THEN DO THIS NOW!
Ok…rant over.
October 1st, 2008 at 1:19 pm WJDJFD Says:
Friggin,
I’m long Sirius and just wanted to thank you.
We are all pretty much in the same boat.
Thanks for venting : D
It saved me the time of posting because you said it all.
You have a way with words that had my wife and I laughing so hard it made another dead day of lows a little brighter.
I’m starting to believe that Mel was sent to Sirius to take down the company by NAB.
Sirius on it’s own (in my opinion) would not be in this position.
17 months was plenty of time for Mel to have aces in his hand to deal with any issues we are now facing.
All the cards in XM hand were face up before the merger for all of us to see.
I honestly can not accept any exuse from Mel regarding failure regarding Sirius he is far to good of a business man and nothing with these companies should have been a surprise to him.
Think about this.
Mel steps in merges the companies ( so he could take them both down in one shot ) and gets double the compensation from NAB.
The shares he bought were to cover his ass with shareholders so he could later state he lost money too.
The money he bought shares with is totally covered by NAB.
LOL
OMG listen to me : (
Sirius LONG But bring a tank of oxygen if the ship sinks
Hmmmmmm make that Friggin laughing gas !!!!!!
Thanks again Friggin
October 1st, 2008 at 1:36 pm Mike Says:
Friggin, good story telling. I said the same exact thing to my wife. Except I thought it would be CBS that sent him to do the job. Ok let’s stop. Any conspiracy to BK the CO. would be tracable so I highly doubt it. It takes one guy on the inside to spill the beans and Mel goes to prison. I don’t think a man of his net worth would ever take a risk of that nature. Now let’s get back to business.
Are you guys kidding I was told that out of my 4 cars all from 2006 to 2008 I cant get the best of package on any of them? just my Stilletto? Bullshit.. The stupid idiot at customer service said “we are still not totally familiar with it”….I asked “does Mel NOT have Orientation about new services” he stuttered and said “it just came out today” I replied. SIR IF YOU DONT KNOW WHAT YOUR SELLING THE PRESS RELEASE SHOULD NOT HAVE COME OUT….I have to believe that they just announced it prematurely so that the FCC would get of their asses.
October 1st, 2008 at 1:50 pm frigginregan Says:
Yeah I agree Mike. I am as frustrated as everyone, but I think that conspiracy theories that Mel is working for the NAB and went thru all those congressional hearings for 17 months to merge with XM only to destroy both is as FAR FETCHED and ABSURD as those that feel 9/11 was an inside job and that the towers were brought down with a controlled demolition. Puh-Lease.
I just feel Mel is dropping the Ball here in some ways. I still have faith and love the product, and I KNOW the credit market SUCKS right now….BUT there are things that CAN be done while waiting for the refinancing deal….LIKE the tv campaign I mentioned above. Among many other ideas that equally passionate shareholders have suggested here on Sirius Buzz.
Hey Mike, have you checked out Orbitcast website? They talk about alot of people activating the Best Of. Maybe that will help?
Anyway…good luck.
Ciao
October 1st, 2008 at 1:56 pm WJDJFD Says:
LOL GUYS
I was just joking.
: D
October 1st, 2008 at 1:58 pm chizzle Says:
I just activated the XM in my car with the Best of package and I am getting Stern and the NFL Network clear as day.
October 1st, 2008 at 2:06 pm WJDJFD Says:
I thought Brandon or Tyler would have made a few comments here. Or had writen another artical by now.
I guess they need a breath of fresh air too.
October 1st, 2008 at 2:07 pm frigginregan Says:
I know WJDJFD….I wasn’t talking about you.
Alot of it is just frustration. I truly believe that we are all secretly rooting for Mel to surprise us all.
It’s just been Brutal.
Of course I’m pissed about the stock price…but I’d be ALOT less upset if Mel was doing EVERYTHING he could…and sometimes it seems like he ain’t.
I know he’s a busy guy with alot on his plate. But he could REALLY benefit from listening to the passion of us shareholders. Alot of good ideas in here if you can filter out the vitriol.
lol.
anyway…peace out for now.
October 1st, 2008 at 2:16 pm WJDJFD Says:
Agreed, the silence is deadly
Mike I had picked up the Apple 3G
and it took me 9 hours to get it activated.
So Sirius isn’t the only company that has had activation issues.
The good news is that people are posting success.
October 1st, 2008 at 2:35 pm Winagain35 Says:
Mike:
I couldn’t get best of in my car either. It’s a 2005 Jeep. But I was told that newer models should be able to receive the best of programming. I called Investor Relations yesterday to question them about it, and got two calls back - one from customer service offering to send me a free plug in play radio and one from Paul Blalock at IR telling me that the older legacy receivers won’t be able to get the added programming, but that new models will. So I’m surprised that you have a 2008 vehicle that isn’t compatible?? It may be worth another call, since yesterday there seemed to be a lot of confusion.
October 1st, 2008 at 2:36 pm scurby Says:
I got the lifetime ‘best of XM package’, it took the rep in the Dominican 1hour and 15 minutes to process it, she said they were not trained
October 1st, 2008 at 2:42 pm Demian Says:
I activated my XM Inno portable with the Best of Sirius this morning. It took me awhile to get through on the phone, but once I got through it was quick with no problem. I could of done it online, but I was having problems getting online this morning. The rep I talked to said that they were swamped with calls. I think it’s smart the way they released the packages before the official launch, to spread out the flood of calls a bit….
October 1st, 2008 at 3:27 pm amibankrupt Says:
Many shareholders in other companies took the boar and the chair out of the window.
Others, like yahoo shareholders pressed the board to communicate to them
Do shareholders of SiriusXM have any say?
Could they ask for a shareholder meeting?
Is there any Law firm in NY city willing to take them over
October 1st, 2008 at 3:29 pm amibankrupt Says:
by the way on CNBC this AM, a CEO of a comapny lend the company > $ 200 mil to keep going
MEL show me the F****** money
October 1st, 2008 at 5:21 pm Brandon Matthews Says:
Slowwwwww…down……
Keep in mind everyone, that the best of won’t officially debut until October 6th…
October 1st, 2008 at 6:06 pm dave Says:
Brandons right. It will get easier to register. When I bought my iPhone it was the same way. Also from what im reading on the net theres seems to be a great deal of interest in the Best Of. People cant get through by phone and the SiriusXM sites seem slow from what people are saying.Good and bad i guess. Im sure they will ramp it up in the coming days
October 1st, 2008 at 10:20 pm Mike Says:
Brandon as much as I agree with you….I gotta say this time you are wrong. Sirius must have antincipated phone calls with people expressing interest in the best of package. I would have certainly been more professional for the dork (customer service agent) to have said “as of right now your 07′ Audi Q7 or 08 Mini are not ready to receive the signal” or anything to that nature…Instead it was a cold non experienced “its not available for your kind of cars….I was fuming. It reminded me when I went to New York the 2nd week the Stilleto came out…going to BB and seeing it on the table with an “aquiring signal” sign flashing and nobody knew how to work it…..it had ear muffs that were not even sirius branded. Sorry man its just crazy that they are never ready.
October 1st, 2008 at 10:57 pm Mike Says:
Ok I finally got to the bottom of it. I just got off the phone with a rep at sirius thats on top of things. The subscriptions must take off at the same time…meaning that My BMW comes with a one year pre paid sub ok? now I’m 4 months into that sub so in essence Sirius cannot syncronize the best of xm into my sirius unless I start my original subscription over again thus loosing my remaining 8 months of pre paid service. He suggested I wait a couple of weeks as they are really making changes on a daily basis. I replied “Ok i will wait the couple of weeks only if you are sure you sirius will still be in business. He laughed his ass off. Then I asked if there many people working and he replied… “they are hiring people like crazy….whatever that means
October 2nd, 2008 at 12:45 am Rich Says:
Older sirius radios uncompatible with the new xm add on package
Unfortunately many of the very first Sirius 12 volt powered radios released and the foundation of the long term Sirius loyal subscriber base are the ones who will have to do without the Best of XM package. Here is a partial list of radios that wont get the XM channels.
Sportster SP-R1
Sportster Replay SP-TK2 ( first 2 years of release) If you get Hardcore sports 98 on your radio you should be good for the Xm add on (call customer service)
Orbiter SR4000 DISH SR200 BRIX STREAMER
All Audiovox and Jensen plug & play radios
Most Sirius One SV1 radios.
STARMATE ST1 & ST1R
STARMATE ST2 & ST2R & XACT XTR8 Replay ( first 2 years of release) If you get Hardcore sports 98 on your radio you should be good for the Xm add on (call customer service)
Xact XTR1 & XTR2
Xact XTR3 Visor radios
SO here is the way Sirius is slowly retiring the radios they got fined by the FCC for due to the Strong Fm transmitter design that were in these radios.
If you want the Best of XM add on package you have to get a new radio.
Odd thing here is all Xm radios that I know of are compatible with the BEST of Siruis add on package and will NOT require an upgrade whatsoever.