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Thread: Bad news at the shareholders meeting!!!

  1. #1
    Hopeful is offline
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    Joined: Nov 2008 Location: Vancouver Island Canada Posts: 583

    Bad news at the shareholders meeting!!!

    Is it wrong to assume Mel will be bearing bad news at the meeting on the 18th???

    Don't you think if he had good news he would have already said it? Why would he hold off good news just for the shareholders meeting when the stock is doing so poorly???

    Would he be trying to hold off to give all the small investors time to load up on shares so they can get rich??? "That question is more a joke than anything".

    Thanks for your comments!!!

    Long Sirius~~~

  2. #2
    Siriusowner is offline
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    Joined: Nov 2008 Location: The Oil Patch, Texas Posts: 922
    The only bad news that I can see coming out of the meeting is that he lowers next year projections...again.

    The R/S and the share dilution are already priced in.

    No refinance ? It may be interpreted as bad news... or it may not.

    In response to your question: YES load up, just not with SIRIUS...

  3. #3
    Newman is offline
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    Joined: Jun 2007 Location: Dallas Texas Posts: 1,162
    I could see some lowering of expectations for 2009, especially with the car manufacturers doing much worse than expected: and coming amazingly close to Mel's "worst case scenario" example that he used when he was estimating 10 million cars to be produced in 2008.

  4. #4
    Keysmark is offline
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    Joined: Dec 2007 Posts: 180
    Quote Originally Posted by Newman View Post
    I could see some lowering of expectations for 2009, especially with the car manufacturers doing much worse than expected: and coming amazingly close to Mel's "worst case scenario" example that he used when he was estimating 10 million cars to be produced in 2008.
    I do not want to take the time to look it up. However, my recollection is that Mel's "worst case scenario" was 12 million cars, not 10 million.

  5. Ad Fairy Senior Member

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