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Thread: everybody who complains about mel in here..

  1. #21
    SD-08 is offline
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    Joined: Nov 2008 Posts: 33
    "Just Sirius" gets it,

    Yes Newman, we have 5 years until 2014, however, that 2014 debt is the new "ugly debt". It's bond holder debt. Mel gave them over 250 million shares to short........Until that debt is taken care of, those short shares will be working against us!

    The best case scenario I see is,

    1. We get an incredible Q4 report. Retail did better than expected, Best of both has been a success, lifetime membership offer did well, cost cutting measures worked,,,,,,all equaling an unexpected high cash on hand position ($600m or more)

    2. Mel pays off the Feb debt by issueing shares and with cash.

    SIRIUS XM would now look like it can be profitable and PAY it's debt instead of refinancing it.

    3. ALL of the remaining debt is refinanced with new players and better terms. This would complete the the merger and eliminate the shorts.........

    Now, a reverse split would be welcome (1 for 15 maybe). There's no reason to short SIRI, there's no extra shares for shorting, we have a respectable sp, AND NOW, the company looks good enough for new institutional investors.

    It's a dream, but I personally think it's the only way we'll see the stock "fly high"....sorry m4svt.

  2. #22
    m4svt is offline
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    Joined: Sep 2007 Posts: 151
    http://video.nytimes.com/video/2007/...-business.html

    this stock will fly high, your scenario will burn a lot of shorts. this guy has a reputation to maintain, he will take care of debt, he will make the price rebound, and he will sell the company in the future. remember how slim of a chance the merger had of passing? this guy did it.

  3. #23
    Newman is offline
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    Joined: Jun 2007 Location: Dallas Texas Posts: 1,162
    Quote Originally Posted by SD-08
    Yes Newman, we have 5 years until 2014, however, that 2014 debt is the new "ugly debt". It's bond holder debt. Mel gave them over 250 million shares to short........Until that debt is taken care of, those short shares will be working against us!
    If the 2009 debt does not get paid off, the 2014 debt will be handled in bankruptcy court. Lets focus on staying out of there first...

  4. #24
    just sirius is offline
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    Joined: Dec 2008 Location: San Antonio Posts: 1,179

    Lightbulb

    Newman

    You are correct. The 09 debt is the most important at this time without a doubt. But what I'm saying is that before the stock can possible rebound, the 2014 debt must be taken care of somehow. The 260M lent shares must be retired.

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