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Thread: Guesses on Offer Price?

  1. #1
    frigginregan is offline
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    Joined: Aug 2008 Posts: 83

    Guesses on Offer Price?

    Alright, if Mel is playing a high stakes game of chicken with EchoStar, and trying to force them to trade their debt for equity at a higher price...OR to out right come out with a buyout offer....

    WHAT price do you think they'll pay per share for taking over Sirius?

    I know, I know....but play along and indulge me. Cause if this be true, a buyout is better than nothing if you're a shareholder.

    Any guesses?

  2. #2
    sxminvestor is offline
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    Joined: Oct 2008 Posts: 738
    I think he would offer at most .50 cents, but I'd take it at this point.

  3. #3
    Seamless82 is offline
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    Joined: Jun 2008 Location: God's Country --- Up North Posts: 57
    I cancelled my sub....if the equity recovers, I'll resubscribe --- if now, sweet dreams Sirius. I am holding my shares until the bitter end though....

  4. #4
    Hughes is offline
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    Joined: Mar 2008 Posts: 168
    If BK does happen, I think I'd have to cancel just because I couldn't stand to see that radio in my car or the SiriusXM logo after all this insanity.

  5. #5
    J56D is offline
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    Joined: Jul 2008 Posts: 172
    I think that EchoStar wants mel & co. to pay them a dollar a share to take this piece of $%^ off their hands.

    Nice to see u back friggin.

  6. #6
    Shawn is offline
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    Joined: Oct 2008 Posts: 9
    I would think if everyone reacted to this news by cancelling their sub, it would GUARANTEE bankrupcy. Bad move as an investor. Bad bad move. Why would you do such a thing?
    As for speculating what Echostar might pay, I would think it would be as low as they can. Market cap at .06 per share is 210,000,000. Add in the debt that must be paid and divide by 3.5 billion shares and you'll have the answer?

  7. #7
    Sworntwofun is offline
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    Joined: Dec 2008 Posts: 588
    My adv. is .31 I would be more then satisfied with .50...I started at $2.37 Lets hope thats the intensions here! And it works.....

  8. #8
    Siriusowner is offline
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    Joined: Nov 2008 Location: The Oil Patch, Texas Posts: 922
    If Ergen indeed attemps a take over, y'all will get shares of SATS:

    I'd say, 50 SIRI to 1 SATS ?

  9. #9
    James is offline
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    Joined: Jul 2008 Location: New Jersey Posts: 121
    Quote Originally Posted by Siriusowner View Post
    If Ergen indeed attemps a take over, y'all will get shares of SATS:

    I'd say, 50 SIRI to 1 SATS ?
    I sure hope so. That comes to $.315 based on on SATS closing price of $15.75. That's below my avg of $.51 but I can live with that. Also SATS has been pounded like everything else so it should see some upside when the economy recovers

  10. Ad Fairy Senior Member

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