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Earnings have come and gone, and we have traded flat pretty much all week. Anyone surprised? I know I was. :confused: Quarter sounded great to me, but as everyone has said, it is all about financing.
Will a deal get done this week? I doubt it, but I have been surprised :eek: before...
Demian, APEX: Get to work and start posting!:annoyed:
The Motley Fool never stops.........
http://www.fool.com/investing/genera...mentsBoxAnchor
On November 17, 2008, at 1:47 AM, DemianBohemian wrote:
Yet another worthless Motley Fool article mentioning SIRI...
The Motley Fool recommended XM as a stand alone company to their paid subscribers at over $30 a share and have been bashing the combined company down in the pennies day after day. What kind of pump and dump operation are they running? It's quite amazing that they release so many articles day after day with the SIRI ticker symbol in them. They have lost all credibility and are now fishing for hits...If you want some real research and reporting, check out siriusbuzz...
The Motley Fool is a joke.....
GONNA BE A GOOD WEEK FOR SIRIUS..IF THE NASDAQ CAN GET A FOOTHOLD AND STOP DROPPING.. :thumbup:
WE FOUND A BOTTOM, INSTITUTIONS HAVE BEEN BUYING SO A SLOW RIDE TO .35 THIS WEEK..
PEACE.
WAR//STEELERS FINDING A RUNNING GAME AND BUCKEYES KICKING THE SH@T OUT OF MICHIGAN..
The Fool is changing thier tune! Something is going to happen soon.
http://www.fool.com/investing/genera...s-finally.aspx
We won't be fooled again........Quote:
Originally Posted by dave99
Never ever base any investment decision on anything that The Motley Fool or Jim Cramer says..........EVER!
Pre-Market Trade Reporting
Pre-Market
Last: $ .2599
Pre-Market
High: $ .27
Pre-Market
Volume: 312,554
Pre-Market
Low: $ .2551
Pivot Table for today...
R2 - R1 - Pivot - S1 - S2
0.28 0.27 0.26 0.25 0.24
http://www.marketwatch.com/news/stor...11440DBFF69%7D
PRESS RELEASE
Sirius Shareholders Issue Demand on SIRIUS XM's Board of Directors
Last update: 8:49 a.m. EST Nov. 17, 2008
LOS ANGELES, Nov 17, 2008 /PRNewswire via COMTEX/ -- The following is being issued by "SaveSirius.org":
SaveSirius is a group of concerned shareholders that is accusing SIRIUS XM management of unjustly enriching themselves at shareholders' expense. A derivative suit has been filed in the United States District Court by SaveSirius founder, Michael Hartleib.
SaveSirius members have served formal letters of demand on the SIRIUS XM Board of Directors. Their demands are:
-- To postpone the vote that is seeking shareholder approval to further dilute the common stock by increasing the number of shares in the fully diluted float from 4.5 billion to 8 billion.
-- To postpone the proposed reverse split, ranging from 1 for 10 to 1 for 50.
-- In light of the abysmal stock performance and dire financial situation, that all stock compensation plans and other bonuses be suspended immediately, and not be reinstated until the return to these compensation plans would be commensurate with the concept of "performance based compensation".
"Given the NASDAQ's reprieve of delisting securities below a dollar, there is sufficient time for the Board to convene an emergency meeting to consider other options, such as but not limited to, self-funding by shareholders," said Michael Hartleib on behalf of SaveSirius and its members.
They also demand the Board meet with interested parties to address alternatives that would be more in line with shareholders' interests.
"If the board continues with the scheduled vote, we will believe that to be a violation of their fiduciary duties and will have no choice but to seek injunctive relief," said Michael Hartleib on behalf of SaveSirius and its members.
"The Board has also been notified that the proxy being distributed to SIRIUS XM shareholders is deficient as there is no mention of pending litigation in Federal District Court charging management with racketeering, fraud and breach of fiduciary duties; or the appeal before the D.C. Circuit seeking review and remand of the FCC's merger decision in part due to the failure to hold management responsible for violation of the interoperability mandate and allowing such management to continue in office to the detriment of shareholders and satellite radio consumers," said Michael Hartleib on behalf of SaveSirius and its members.
The demand letters were sent certified and have been confirmed delivered. SaveSirus members await the Company's response.
SOURCE SaveSirius.org
http://savesirius.org
Copyright (C) 2008 PR Newswire. All rights reserved
*DJ Sirius Hldrs File Deriviative Suit Vs Co. >SIRI
. Ê (MORE TO FOLLOW) Dow Jones Newswires (201-938-5400)Ê November 17, 2008 08:50 ET (13:50 GMT)Ê Copyright (c) 2008 Dow Jones & Company, Inc.- - 08 50 AM EST 11-17-08
*DJ Sirius Hldrs Seek To Postpone Reverse Split >SIRI
. Ê (MORE TO FOLLOW) Dow Jones Newswires (201-938-5400)Ê November 17, 2008 08:51 ET (13:51 GMT)Ê Copyright (c) 2008 Dow Jones & Company, Inc.- - 08 51 AM EST 11-17-08
*DJ Sirius Hldrs Seek To Suspend Stk Compensation Plans, Bonuses
. Ê (MORE TO FOLLOW) Dow Jones Newswires (201-938-5400)Ê November 17, 2008 08:52 ET (13:52 GMT)Ê Copyright (c) 2008 Dow Jones & Company, Inc.- - 08 52 AM EST 11-17-08
New Sirius TV commercial...
http://qik.com/video/577841