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Thread: Factors affecting a Reverse Split for SIRI

  1. #1
    CharlestonXM is offline
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    Joined: Apr 2009 Posts: 13

    Factors affecting a Reverse Split for SIRI

    Does anyone know what are the chances that SIRI will perform a RS in the very soon to near future? I know the SIRI board approved a 1:10 to 1:50 split at the end of 2008 (I may be wrong). Now that we are potentially seeing a push of the delisting rule to July 19th, will we potentially see a RS before this date? I would hope that the stock would get pushed well over $1 by then, but it is wishful thinking. If SIRI was to perform a RS would it happen out of the blue or would there be any type of forewarning to common stock holders or would they have to go through a warning from Nasdaq to get the ball rolling. Any guidance would be appreciated...
    Last edited by CharlestonXM; 04-05-2009 at 11:58 PM.

  2. #2
    CharlestonXM is offline
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    Thanks for all your help...

  3. #3
    Brandon Matthews is offline
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    Joined: Aug 2008 Location: Northeast Posts: 721
    Don't take it personally. It's been talked about ad infinitum and quite frankly, no one really cares anymore. If they do it, they do it.

  4. #4
    CharlestonXM is offline
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    Thanks Brandon, I could not understand why no one would answer. I thought it was a decent question.

  5. #5
    trippingthespeculatingpos is offline
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    Joined: Dec 2008 Location: San Antonio Posts: 2,884
    there are 2 diff idea's on this, some think it is inevitable because the float is too big, this seems to be the majority. I think siri will suprise and if they can get over a dollar without a r/s that they will avoid it at all costs. To me the real question is can siri get over a dollar before the nasdaq resumes sending delisting notices.

  6. #6
    Demian is offline
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    Joined: Oct 2008 Posts: 2,320
    There is some chatter that the $1 min. share price rule could be permanently retired in favor of only the market cap requirement......

  7. #7
    gkarmie is offline
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    Joined: Mar 2009 Posts: 10
    personally, i believe they will do the reverse split. there are simply too many shares and too much dilution with the Liberty deal to stay above $1 if indeed the rule is reinstated

  8. Ad Fairy Senior Member

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