Page 5 of 6 FirstFirst ... 3456 LastLast
Results 41 to 50 of 60

Thread: SIRIUS XM Adopts Stockholder Rights Plan

  1. #41
    trippingthespeculatingpos is offline
    Guru
    trippingthespeculatingpos's Avatar
    Joined: Dec 2008 Location: San Antonio Posts: 2,884
    am i still the only one saying that an rs is not as likely as every1 thinks. i think this is simple now, its just a way for them to keep any1 from buying over 5 % and messing with their write off's, any more looking into it than that is a bit of speculation. One thing i wonder is if any1 is planning on buying 5 percent wont they come out now, and how many shares is 5 % some1 want to do the math heh

  2. #42
    JohnnyIrishXM is offline
    Mentor
    JohnnyIrishXM's Avatar
    Joined: Feb 2009 Location: Valley Forge ,PA Posts: 1,583
    Quote Originally Posted by trippingthespeculatingpos View Post
    am i still the only one saying that an rs is not as likely as every1 thinks. i think this is simple now, its just a way for them to keep any1 from buying over 5 % and messing with their write off's, any more looking into it than that is a bit of speculation. One thing i wonder is if any1 is planning on buying 5 percent wont they come out now, and how many shares is 5 % some1 want to do the math heh
    as of right now 5% is 190mil shares give or take,at .40 it's $76mil to trigger it.

  3. #43
    just sirius is offline
    Mentor
    just sirius's Avatar
    Joined: Dec 2008 Location: San Antonio Posts: 1,209
    Johnny

    What if they buy it now!!! Wouldn't trigger anything...nothing to trigger! Almost sounds like an open invitation...but I can't figure out why!!!

  4. #44
    just sirius is offline
    Mentor
    just sirius's Avatar
    Joined: Dec 2008 Location: San Antonio Posts: 1,209
    Johnny

    If someone were to acquire the 5%. Couldn't Liberty convert their preferred to common...thus diluting the 5% down to 2-3%? and do it late so as not allowing enough time for someone to acquire the remaining 2-3%?

  5. #45
    trippingthespeculatingpos is offline
    Guru
    trippingthespeculatingpos's Avatar
    Joined: Dec 2008 Location: San Antonio Posts: 2,884
    thank you johnny

    class act :O

    and that opens up another question does the 5 percent = the fully filuted share count including liberty's preferred?
    Last edited by trippingthespeculatingpos; 04-30-2009 at 01:05 AM.

  6. #46
    JohnnyIrishXM is offline
    Mentor
    JohnnyIrishXM's Avatar
    Joined: Feb 2009 Location: Valley Forge ,PA Posts: 1,583
    Quote Originally Posted by just sirius View Post
    Johnny

    What if they buy it now!!! Wouldn't trigger anything...nothing to trigger! Almost sounds like an open invitation...but I can't figure out why!!!
    Yes it does not trigger it until May 11th,interesting isn't it.they must feel someone is accumulating shares recently and want to do this quick,we have seen alot of big block share's being manipulated through at low prices the last 2 weeks..

    P.S.not sure about this,but i think there is a time limit in implementing the right's issue,probably why not until May 11th
    Last edited by JohnnyIrishXM; 04-30-2009 at 01:36 AM.

  7. #47
    JohnnyIrishXM is offline
    Mentor
    JohnnyIrishXM's Avatar
    Joined: Feb 2009 Location: Valley Forge ,PA Posts: 1,583
    Quote Originally Posted by just sirius View Post
    Johnny

    If someone were to acquire the 5%. Couldn't Liberty convert their preferred to common...thus diluting the 5% down to 2-3%? and do it late so as not allowing enough time for someone to acquire the remaining 2-3%?
    Yes they could,but I don't think Liberty wants to convert now ,they lose the Board seats and sway on company mgmt..

  8. #48
    JohnnyIrishXM is offline
    Mentor
    JohnnyIrishXM's Avatar
    Joined: Feb 2009 Location: Valley Forge ,PA Posts: 1,583
    Quote Originally Posted by trippingthespeculatingpos View Post
    thank you johnny

    class act :O

    and that opens up another question does the 5 percent = the fully filuted share count including liberty's preferred?
    No,for the 5% trigger it is based on issued shares of 3.86 bil..as of right now

  9. #49
    Newman is offline
    Mentor
    Newman's Avatar
    Joined: Jun 2007 Location: Dallas Texas Posts: 1,162
    Quote Originally Posted by JohnnyIrishXM View Post
    No,for the 5% trigger it is based on issued shares of 3.86 bil..as of right now
    WRONG.

    Quote Originally Posted by SEC Filing
    The Rights Plan is intended to act as a deterrent to any person or group (an “Acquiring Person”) acquiring 4.9% or more of our outstanding common stock (assuming for purposes of this calculation that all of our outstanding convertible preferred stock is converted into common stock) without the approval of our Board.
    Thus, it would be calculated on about 6.3 billion outstanding shares, meaning 315 million shares would be 5%, or $126 million at todays closing price of 0.40.

  10. #50
    JohnnyIrishXM is offline
    Mentor
    JohnnyIrishXM's Avatar
    Joined: Feb 2009 Location: Valley Forge ,PA Posts: 1,583
    Quote Originally Posted by Newman View Post
    WRONG.



    Thus, it would be calculated on about 6.3 billion outstanding shares, meaning 315 million shares would be 5%, or $126 million at todays closing price of 0.40.
    I Stand corrected ,thanks Newman,didn't see that assumed part..

  11. Ad Fairy Senior Member
Page 5 of 6 FirstFirst ... 3456 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •