This seems to assume that sirius has no other source of cash to pay the remaining maturities. Aren't they receiving something like $260 million/month in subscription payments, surely they can put aside a little here and there :-)Originally Posted by J56D
they want you selling so they can cover, big boy's covering and they are preventing the short squeeze by meeting the bid's and buying back in 100 share blocks, manipulation at its finest, just wait till they cover then they will buy in and give a buy rating.
good call tripp,
WOW this place is a ghost town now lol...
yeah Hopeful I was thinking the same thing. I was looking forward to a little more feedback today on what everyone's thoughts were. Maybe everyone crashed after finding out we were out of the BK woods this morning. Hopefully they will be joining in a little more later this evening. That is unless they all cashed out at .22 and are out spending their earnings.
But with all the alcohol thats been drunk over the last week because of this issue, who's liver could take anymore.
Still not seeing a bounce in the after hours either.
i think when the deal is made even clearer and the conference call clears up siri's performance as of late that should give it some more boost, just remember it moved up 50 percent today, if it moves up 50 percent every day it will be at a dollar in no time.
SIRI closed up 52.526% @ .16 on a whopping volume of over 326 million shares traded.
This with the market bloody red with the DOW down almost 300.
Better than zero, eh?
It won't move 50% every day. Today events were extraordinary.
We will be lucky if it goes back to trading in full cent increments by mid-year. And I am being too bullish.
The 8K has been posted on the Sirius website.
http://investor.sirius.com/secfiling...=930413-09-841
As of February 13, 2009, 3,793,193,708 shares of our common stock were outstanding. Keep this number in mind because it will be interesting to see how it grows.
Last edited by J56D; 02-17-2009 at 06:07 PM.
today is just the start of siri news, i think will be suprised, if the mm's stop holding it down it could keep flying. Even if it made a few more 50 percent moves and then only made 20 percent moves it would get to a dollar quick. I think the conference call is going to make a big diff, right now everything is in the air cause if siri is not increasing subs and rev while cutting operating cost's then we got a long ways to go. Im confident we will see improvements though.
I would have to think with the deal Mel took today the 4q #'s must be awful they stated a number of times that they could pay the Feb debt in cash. (that was also before they chipped away at it) so if the have not ate through most coh I will be very surprised and disapointed with what Mel settled for.
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