A companys worth is usually measured by its profits. After all, we all want to make money. As SiriusXM has no profits, its true value will be hard to determine. I personally wouldnt pay more than 4 times their profit(I would want to make money by year 5).
If someone at the SEC actually watched Sirius trade everyday, dont they wonder why ISEG sets the price every morning, and is the only one sometimes in premarket buying and selling shares back and forth. I guess he just thinks, nothing to see here, move along. One person should be setting the price for this stock, not like its a group effort or anything. It should be based on one traders opinion, and that trader has every right to do everything in his power to make it so. Case closed. That would be from his report, word for word.