Hi Tyler et al,

I am a Sirius stock holder and long time forum reader, but 1st time poster.

Most informed anaysts, including our own Tyler Savery, predict a price of about $4.50 for SIRI if the merger is approved.

However, I have not found any reference to to a price prediction for Siri which takes into account the substantial dilution which will occur after the merger is consummated, due to the issuing of approximately 1.4 Billion shares to XMSR shareholders (314 million shares x 4.5).

My question, therefore, is twofold.

1) Is $4.50 the target AFTER the effects of dilution?

2) If not, can someone provide a target which accounts for the dilution.