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Thread: How are the true longs here not starting a riot a Sirius HQ

  1. #1
    justsomeguy is offline
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    How are the true longs here not starting a riot a Sirius HQ

    Give me a break are we being told the best offer on the table was for a $530mil loan at 15% that gave away 40% of the company this just is not sitting well with me.

  2. #2
    Lithium24 is offline
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    Judging by the performance of the stock today, your not alone.

  3. #3
    justsomeguy is offline
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    Do the shareholders ever get to know anything about other offers From what I have read seems that Ergen was offering debt to be paid for stake in siri how is that not better?

  4. #4
    trippingthespeculatingpos is offline
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    liberty is better, just compare dtv to dish, having john malone on our board is going to be huge, i wouldnt be suprised if they rework a deal with malone to lower the interest once he gets a larger stake. It's probaly a way to make sure they take the deal and dont bail out on giving liberty a larger stake in the company. Cause then they are stuck with 15% interest which while it isnt fun to pay i think can be handled, we will know so much more when the next quarterly conference call takes place.

  5. #5
    Siriusowner is offline
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    Quote Originally Posted by justsomeguy View Post
    Do the shareholders ever get to know anything about other offers From what I have read seems that Ergen was offering debt to be paid for stake in siri how is that not better?
    If you are not happy, buy bonds not shares.

  6. #6
    justsomeguy is offline
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    Thanks,

    A little late now but I did see they were rewarded today.
    Along with Malone-40%of company and 15% loan
    Mel-got to keep his job
    Ergen- made 25-50% on his converts
    Shorts- got to cover at awsome returns(or they should have)
    And guess who paid the shareholders thats who.

  7. #7
    imromo24 is offline
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    Well, lets see, we (a subscriber based company) just got $530 million loan during the largest US recession in decades when supposedly no one can get a loan.

    SIRIUS XM RULES, GO MEL!

  8. #8
    JohnnyIrishXM is offline
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    Quote Originally Posted by justsomeguy View Post
    Thanks,

    A little late now but I did see they were rewarded today.
    Along with Malone-40%of company and 15% loan
    Mel-got to keep his job
    Ergen- made 25-50% on his converts
    Shorts- got to cover at awsome returns(or they should have)
    And guess who paid the shareholders thats who.
    This is what we got:a bridge loan is just that ,a bridge to the preferred shares that malone gets when he comes through with the other 250 mil. for dec. notes due. and he pays off XM credit line of 100 mil.now we will issue 2.4 bil additional shares and have 2 bil left unissued.we reverse split 6bil to 600 mil when share price hopefully is .50,that leave 2 bil shares to issue for equity =debt swap in 2011-2012 to take carev of 3bil in debt...

    i think but i could be wrong

  9. #9
    Hopeful is offline
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    Just my 2 cents, NO REVERSE SPLIT!!! Unless it is required to meet NASDAQ listing requirements! I know some of you may disagree, again it would defeat my purpose for being in the stock!

  10. #10
    Sworntwofun is offline
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    Quote Originally Posted by justsomeguy View Post
    Give me a break are we being told the best offer on the table was for a $530mil loan at 15% that gave away 40% of the company this just is not sitting well with me.
    So who the hell are you anyway....Echo wanted to give 530mil to take over the whole company....

  11. Ad Fairy Senior Member
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