SIRI Intraday Updates for the Week of 2/09/09

[trippingthespeculatingpos]

its the dec debt, not the feb, bvut still a really good sign.

[LittleTrader]

E-Trade Headline

"Sirius XM Radio announces exchange of $172.5 million of existing Convertible Senior Notes Due 2009 for New Senior Secured Notes Due 2011; If these transactions are not consummated, it may be forced to file for bankruptcy protection as early as February 17, 2009"

[dmo2424]

i only offered support to dee who wrote something and then I was attacked again. ok i'm done. but what's your take on the new news?

[LittleTrader]

we're off to the races boys........alright lets hear the closing predictions for today.....

i say it closes at .095

[billhart22]

Ok Bill hart. I understand that you "regulars" are trying to help each other out but don't get so darn preachy- for example you and tripping are both "sr. members" with join dates of December 2008! Are you kidding me? Real regulars. I've been on this site (at least reading it before "joining") as long as most. But truth is we're all out to make some money and offer advice and I'll do my best to try and help. But based on my track record I probably am going to continue to humbly learn more than I can ever offer. Thanks

DMO

Let there be peace and welcome.....We all have something to offer...try out the daily market watch in "Other related stocks" thread and join in. Nobody is being preachy, more senior, or whatever....

It is true that Tripps and I have not been on this forum forever, but we have put a hell of a lot of effort into mainly other investments on here. Like you, we have read for a long time prior. OK?

[ray]

One bottle is 409 shares of siri right now

[dmo2424]

sounds good. so what to make of this little run to .12 and now back down again? Daytraders? Obviously the dec debt refinancing triggered the run but seemed like it was too quick to stop, no?

[dave99]

http://finance.yahoo.com/marketupdate/inplay


10:50AM Sirius XM Radio announces exchange of $172.5 mln of existing Convertible Senior Notes; If these transactions are not consummated, it may be forced to file for bankruptcy protection as early as February 17, 2009 (SIRI) 0.09 +0.02 : Co announces that XM Satellite Radio Holdings, its wholly-owned subsidiary, had exchanged ~$172.5 mln aggregate principal amount of its outstanding 10% Convertible Senior Notes due December 2009 for a like principal amount of its newly issued Senior Secured Notes due 2011. An aggregate of $400 mln in principal amount of the 10% Convertible Senior Notes due December 2009 was outstanding prior to this transaction. The purchasers of the new Senior Secured Notes will be paid an aggregate structuring fee of $9.45 mln, $5.07 mln of which was paid in cash and $4.38 mln of which was paid in the form of shares of the co's common stock based on the closing sales price of the common stock on February 12, 2009, which was $0.074 per share. The exchange of 10% Convertible Senior Notes due 2009 for new Senior Secured Notes is part of a larger restructuring effort. The Company is in discussions with others with respect to transactions that could refinance some of its and its subsidiaries' indebtedness. These transactions may not be successfully consummated. If these transactions are not consummated, it may be forced to file for bankruptcy protection as early as February 17, 2009.



Of course...I just bought 10k more at .0967. Sheesh

[Demian]

I told Siriusowner that the window to buy SIRI was before the 17th and that if you waited until after the 17th, like he and others recommended, you would miss the huge move up.....

[Hopeful]

Dave,

I could be mistaken but that appears to be good news to me! The BK talk in that article just seems like something they have to attach to it regarding current times...