Stabilization After the Arbitrage
Tyler and Brandon have shed a lot of light on the reaction of the stock price in the last two days.
With all this selling pressure that is "transactional" (for lack of a better word), and not based on investor sentiment. Do you guys see the price stabilizing in the near term down here at $1.50, or do you see it rebounding.
I know evaluation of the combined company is still hazy because of the uncertain prospects and growth, but I tend to think it will come back to the low $2.00 range near term after all is said and done. I think that will price in disappointed retail holders bailing, but down at $1.50 it seems so artificially low.
And you guys are right, the reporting of the media on this whole transaction has been horrendous. I wish Mel would release a PR explaining the offering like you guys have so it would hit major headlines. Instead of just spouting off corporate BS like we are world class radio and expect to achieve syngeries. Thanks Mel, we know. How about you explain to the world the mechanics (in laymans terms) of the debt restructuring so that your shareholders don't bail on you and drive you down more.
$375 Million Share Offering
$375 Million offering gives SIRI a bad hiccup on its way to finding (cough!) equilibrium. Did we know about this already? Is this a separate item from the 175 million convertible shares or is it the same offering worded in dollars instead of shares? Does it count as dilution? That's the way the market took that news in any case. BTW, 375 million dollars divided by 175 million shares = 2.14 per share. Is this pertinent?
we all (small share holders) got so screwed on this deal
Raped is the best word I can come up with.
Mels lack of clarity (and who actually sold out us small shareholders), and Tyler and all the other analyst, I respect your views and appreciate the info you have put forth, but the bottom line is the small shareholders got screwed in the ass, so to me there is no justification in that.
I guess I'll have to wait another year just to get my money back, Im done with this.