One last note - if you let SIRI run its course - it COULD (big emphasis on COULD) yield big returns in a year or five.... it's all about patience... and waiting in spite of corporate stupidity....Originally Posted by Paratrooper_Rick
Thanks Cos. I'm still a little giddy after today!Not to me my friend..... always got your back.....
Hmmm, not sure what to make of this and I have to leave for now. I'll have to research this later or mayber Homer will chime in with an answer. I saw $1BB in the filing, but it did not look like it was for a specific number of shares. We know that they are authorized to issue about 4B shares, but I think most of this would be reserved for Liberty's 40% stake. Maybe this filing is for the remaining portion of shares?
there is some undeniable dedication in this thread though.
They are just registering 1B in additional securities that they will use to execute the various aggrements made in the past few weeks.
On execution, you will know what securities were issued and to whom. That's when the dilution would take place or maybe not, depending on what the security is.
Far as I can figure from the paperwork.
Good Night All, Heres to a great day tomorrow,
Thanks again Para..Rick for your information
They are doing a crapload of bond swapping too......
This may have already been discussed but I just saw a trade for 66,312,212 shares at .194. Anyone know have any idea??? Trade took place at 16:57. Is this a settlement trade?
Last edited by GTSViper; 03-12-2009 at 08:36 PM.
No, your right. I was wrong. Just sounded bad, and the timing was bad. I didnt have enough info from the first ETRADE post. I didnt panic though, I trusted the market holding that it was just housekeeping at that point.What am I, invisible? I'm beginning to feel like John!
Homer is right, and so is Foolandhismoney. They authorized 1 billion worth of new debt. They can sell anything, any asset class they have including their common stock, up to 1 billion, this will be used to handle what Homer mentioned, but far excedes what they needed to do it. If the sp already priced in full dulution as authorized by the stockholder meeting, the SP wont be affected until said debt or shares ,etc are issued, or it might not even then, as full dilution, with Mel at the helm, is already assumed.
Last edited by relmor2003; 03-12-2009 at 09:17 PM.
This makes me wonder . . . and maybe this is a dumb question that was addressed before and I just missed it. But, is the Liberty deal for 40% of the company shares part of the 8BB authorized shares or in addition to the 8BB authorized shares? Given that they circumvented a shareholder vote to complete the deal, did they also in effect increase the authorized share count to 13.333BB (8BB/0.60)?
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