SIRI Intraday Thread: Monday March 23rd

[Brandon Matthews]

Hoping the latest filing by SIRI is not the dillution it appears to be to me?

Sirius XM Radio Inc. has filed the following document(s) with the United States Securities and Exchange Commission.
________________________________________
Mar 23, 2009

Form S-8 / Registration Statement

Only 11 million shares for the company retirement plan. Thats hardly dilutive at all on the 6+billion they have outstanding.

As I read filing after filing however, it looks to me like that reverse split is coming sooner rather than later.

[bababoooie]

Based on past discussions I 've seen a lot of questions about the Auto Sales numbers for the United States. Below is the data for the last 29 years from Ward's Auto World Magazine. I can't remember the source of information on lifespans of cars So, you'll have to take my work on the longevity of vehicles (9.4 years). I believe that Auto sales should be around 11.5 mil for 2009 and 14.5 mil for 2010 (taking Stock market values into consideration). Using the assumptions that true Average Sales is correct for 1990 (as the base), and assuming a 1% growth rate from there.

1980 11,443,613
1981 10,777,980
1982 10,538,362
1983 12,311,516
1984 14,483,141
1985 15,725,291
1986 16,323,021
1987 15,192,946
1988 15,791,544
1989 14,845,261
1990 14,149,378
1991 12,549,523
1992 13,117,444
1993 14,198,854
1994 15,411,374
1995 15,116,325
1996 15,456,112
1997 15,497,860
1998 15,967,287
1999 17,414,728
2000 17,811,673
2001 17,472,378
2002 17,138,652
2003 16,967,442
2004 17,298,573
2005 17,444,329
2006 17,048,981
2007 16,460,315
2008 13,493,165

Projected
2009 11,500,000
2010 14,500,000

[otone]

Only 11 million shares for the company retirement plan. Thats hardly dilutive at all on the 6+billion they have outstanding.

As I read filing after filing however, it looks to me like that reverse split is coming sooner rather than later.

Brandon, could you please highlight the statement(s) in the Form S-8 where you could infer the RS is coming sooner rather than later? Just trying to learn how to read these things and decipher what is being written.

[bababoooie]

Does anyone have the install numers for 2007 or 2008. Also, using the projected increased install numbers for 09 & 10, what subscriber numbers would we have?

[AmenhotepIII]

As I read filing after filing however, it looks to me like that reverse split is coming sooner rather than later.

Brandon,

I understand things move fast on Wall St. but didn't you just say this 2 days ago?

"All moot as the company has no immediate plan to implement such a strategy. I waited too long for a merger, too long for financing and I'll be damned if you guys are going to make me wait for a R/S. If it happens, it happens."

[john]

Based on past discussions I 've seen a lot of questions about the Auto Sales numbers for the United States. Below is the data for the last 29 years from Ward's Auto World Magazine. I can't remember the source of information on lifespans of cars So, you'll have to take my work on the longevity of vehicles (9.4 years). I believe that Auto sales should be around 11.5 mil for 2009 and 14.5 mil for 2010 (taking Stock market values into consideration). Using the assumptions that true Average Sales is correct for 1990 (as the base), and assuming a 1% growth rate from there.

1980 11,443,613
1981 10,777,980
1982 10,538,362
1983 12,311,516
1984 14,483,141
1985 15,725,291
1986 16,323,021
1987 15,192,946
1988 15,791,544
1989 14,845,261
1990 14,149,378
1991 12,549,523
1992 13,117,444
1993 14,198,854
1994 15,411,374
1995 15,116,325
1996 15,456,112
1997 15,497,860
1998 15,967,287
1999 17,414,728
2000 17,811,673
2001 17,472,378
2002 17,138,652
2003 16,967,442
2004 17,298,573
2005 17,444,329
2006 17,048,981
2007 16,460,315
2008 13,493,165

Projected
2009 11,500,000
2010 14,500,000

Lets not forget about the crashes that happen on the roads. Plus even the illeagal immigrants need something to drive.

[Brandon Matthews]

OK. Critics and newbies alike. It doesn't take a rocket scientist to see that Sirius' Patrick Donnelly has been doing nothing but preparing one SEC filing after another. The company seems to be in a big hurry all of a sudden to handle these share arrangements. 1 + 1 = 2.

[relmor2003]

OK. Critics and newbies alike. It doesn't take a rocket scientist to see that Sirius' Patrick Donnelly has been doing nothing but preparing one SEC filing after another. The company seems to be in a big hurry all of a sudden to handle these share arrangements. 1 + 1 = 2.

If you write an article on this assumption, im going to throw something at you.
Sirius is a complicated company. Need a lot of forms, LOL. Chill man... Seriously...

[Paratrooper_Rick]

Those 100 free trades must be utilized within a month period. If im not mistaken.
Good close. Should of hit .34 right at the end, but they closed it perfectly to stop that. .33 had completely filled, next ask at .34. Then the very last second, the second before the close, they threw up another .33 cent block(ISEG of course!!!). I needed one more day to confirm .30 cents is now a buy for me. Any hits off .30 cents and Im buying, just dont think it will hit there. .31 cents is a minor buy point for me now. Trangle bullish patterns are better trusted on the weeklies, but dailies work too. Just not as reliable. Usually stocks will conslidate for weeks before another major up leg is resumed. So dont be surprised if we dont clear .40 cents for a while. If this stock continues to trade in chartable patterns, as it has been doing, I should be able to better predict when it will break. Still no signs of .40 cents being a threat yet. But .32 might be in the rearview mirror too.

Relmor - wanted to throw a quick thanks your way - I am learning every time you post this technical analysis - same with brandon and the rest of you. That is one of the greatest reasons I like this group and board. Even if I disagree with someone I am still picking up new knowledge.... Thanks to all.

I went slightly against my original target today - I had hoped to get more shares below .30 - but once you guys showed me the triangle pattern and I thought about it - I was willing to take the risk. Either way - I ended up green for the day.

Just found out I'm getting a better than expected tax return - time to play with my new TDA account - may try a few other investment types.... at least one more good buy on SIRI if I can manage it.... Good luck to the rest of you switching over - it is indeed like graduating moving into TDA - the tools never cease to amaze me...

[mogami]

OK. Critics and newbies alike. It doesn't take a rocket scientist to see that Sirius' Patrick Donnelly has been doing nothing but preparing one SEC filing after another. The company seems to be in a big hurry all of a sudden to handle these share arrangements. 1 + 1 = 2.

Hi, What is the rush? I'm not a rocket scientist but if Sirius promised 50,000,000 shares to someone after a 1-50 R/S they would only get 1,000,000 There is no need to rush shares out door so you can R/S
They are allowed 8 billion shares. After a 1-50 R/S they will be allowed 160,000,000. It's the total authorized that matter and issue before or after R/S it comes out the same. So 1+1 still equals 2 but 2 does not equal R/S right this moment.