Joined: Feb 2009
Ok I stand corrected on my theory then. It really is just about Howard trying to extract additional money out of SiriusXM then. His ego is really out of control-he cant stand the idea that anything can happen without him getting additional money, even if in the end he does better because what is good for siri is good for him and his massive stock holdings.
Howard needs to show some good faith and willingness to help the company that so massively overpaid him in the first place. He perpetuates this fantasy that he has saved sirius, that all of the subs are his, etc, etc, when in fact he is the chief reason that the industry is in this situation to begin with.
He's really a petty man that doesn't understand that iphone sub revenue will improve the balance sheet and improve the stock price. SIRI cannot allow the app to be a cash loser between internet radio royalties and his demands.
Joined: Jun 2009
Is this little piggy gonna make it to .40 today? Anybody?
Joined: Jun 2008
Can someone in the know fill me in on the ins and outs of Howard's set up? Theres some speculation that there is a rights issue because of in-demand. What exactly is this referring to? And is it possible that he actually wants to cooperate (not extract more money) but rights are restricted by some third party?
Or is his only agreement between himself and SiriusXM, and the in-demand rights are something that he retained for himself?
Joined: Mar 2009
Originally Posted by bigsandy
Joined: Dec 2008
Location: San Antonio
in demand is howarss channel, its called howard tv, you can order it and u get to watch stern do his show, and alot of other cool behind the scenes stuff, just think its liek his e show except a thousand tims more material. its great i enjoy it. some people dont even listen to stern anymore just just watch his daily shows on howard tv and anything good that happened will get replayed on there and u will get the full video as oppossed to just the audio. no clue why that would have anything to do with it, to me its just howards agent playing hardball.
Joined: Jan 2009
Location: Ann Arbor, MI
Do we know if Howard still holds SIRI. Management's sale of stock reported to the SEC is brisk. They aren't holding.
Originally Posted by trippingthespeculatingpos
One must admit that the financial health of SIRI is certainly questionable at best. That's what I took away knowing that SIRI has not passed on one micro bit of "value" to its' stockholders.