Am I Crazy...or what?

I don't think 270 million is a lot of money considering 450 million in synergies (first year alone)

Profit in '09...

Am I crazy or what? Stock price should be fine in '09. Say it with me, fine in '09.

Fine in '09. Maybe late '09, but fine.

I am no genius but I think that although this stock sucks, the company itself possesses a subscriber base large enough to make plenty of money. It's time for them to finally get creative but with 18 million people catching on, you should be able to make some money.

Only the insane would invest in the stock, so we're all crazy.
:out:

$270 million is not a lot for a company this size. They could cut trivial crap and save that much money. IE a few DJ's, catering, employee expenses, and a few hefty executive paychecks.

If Mel had any balls at all he would start paying himself $1 per week at this point just like Steve Jobs. If he really believed his own shit, why wouldn't he?

Mel said he had all the money he would ever need from his lucrative business deals before SIRI, before CBS, before Infinity. He must be worth at least half a billion dollars. Why is he drawing a salary? That is a valid question.

270 Million isn't that much, but 1 billion is.

They ae cutting out at least 425M & I'd bet Mel will beat this & cut even more. If debt was due starting late 2009 into 2010, then the $ would not be such a big deal because they would have had 9 -12 months to get the synergies out of mergr 1st.

But this 425M just barely brings them to break even in 2009 before capex of 100M for satellite payment. They could push this off, but this is based on a recession, not a deep, deep recession and credit markets that may have caused their projections to be lowered more.

I know they supposedly lowballed the #'s, but the economy is so bad, that those are the #'s that may just barely hold up - they may not beat like many think since Mel likes to lower expectations.

But shouldn't that look good to investors and more importantly lenders?

I hope I don't learn my lesson:

"We are very confident of taking care of the [$270] million in February, and we are confident the banks will extend the maturity in May," says David J. Frear, chief financial officer for Sirius.

Maybe the key word here is "taking care of"

Your not crazy, but all the "Noise" from the Company's Silence is make everyone else crazy so their dumping their shares on low volume, high volume, and everything in between. Mel won't talk again until he has answers and deals done. He got shit on for talking and now he's getting shit on for not. The next time he opens his mouth even the bad better sound good.

Mel said some stupid things. That is, they were stupid things to say if he wanted to keep the SP up. The underestimation of subscriber increase - what did he say 18.5? What other stupid thing did he say? Many Unsophisticated Investors. Does that mean that we should be ripped off?

Paraphrasing: I hope I don't have to lend the company the money myself.

If Mel does speak, his shareholders have a right to expect intelligible dialogue and the expectation that he doesn't damage his own company by making careless remarks.

We have a right to expect to hear what his plans are to inprove the share price.

deewcom, I'm not disagreeing with any of what you are saying. My point is unless he has financing taken care of in a way that will be received as Good News, it doesn't matter how you dress up the "Fat Lady" she is gonna sing.

I just think the debt in Feb may be a tad rough on us, but shouldn't need a split or anything to achieve it. Then they say they will extend the may debt and it certainly seems there will be plenty of cash through synergies and profits to pay off the december debt outright.

I say don't believe the hype, sure hope Im not crazy, and I really hope that the silence and the hype is geared to driving the price down so we can accumulate and then Mel comes out and says "See I made the stock holders rich, just like I planned"

Its just at the .25 level that is easier to do than if it was at $14 right now.