Results 1 to 6 of 6

Thread: Sirius NASDAQ notice - very good news

  1. #1
    icon007 is offline
    Junior Member
    icon007's Avatar
    Joined: May 2009 Posts: 5

    Sirius NASDAQ notice - very good news

    So you have heard it yesterday that Sirius is given notice about under $1 price for 30 days in a row. Sounds little too late notice, isn't it ? Afterall it's been under $1 for a really long time this year. And, siriously every 'investor' knew it all along, including John Malone from the begining that by March 2010 they have to be above $1. Let's read the management's reading here.
    - reverse split is no brainer. Do a 1:2 reverse and boom you have Sirius trading at $1.34+ at today's price. Do a 1:10 and boom you have Sirius trading at $6.7+ at today's price. The fact that management was not doing a reverse split all along this year clearly shows that they are LONG OPTIMISTIC on the stock performance on it's own merit to drive above $1. They certainly know more from the models they build about where company will land in next 6 months.
    - But what's the harm in reverse split ? The moment the stock goes above $5 mark, mutual funds and institutional investors jump in and start acquiring a good chunks. Stock goes up. So why management is not for it, at least yet ?! Well, that's the insider scoop. Malones and consortium of wealthy individual investors want to build their base beyond 40% and they can only do that easiy before MF and IIs jump in. That to me is a big plus if you want to get the pulse of the company and where they are placing Sirius on the radars.

    The way I see it, it's win win both ways. No reverse split means something big cooking inside and stock goes up. Rever split means MF and IIs drive the stock price higher. Delisting is out of question, so please save your panic selling.

    I love this day. Finally, we will see Sirius popping all of a sudden in next one month. Cover your shorts, siriously !!!!

  2. #2
    just sirius is offline
    Mentor
    just sirius's Avatar
    Joined: Dec 2008 Location: San Antonio Posts: 1,186
    Icon

    good stuff!
    PURCHASED THE CABIN IN THE WOODS...THANKS MEL, MALONE, AND THE BLUE DOG

  3. #3
    Siriusowner is offline
    Addict
    Siriusowner's Avatar
    Joined: Nov 2008 Location: The Oil Patch, Texas Posts: 922
    Don't get too excited. We knew about the Nasdaq's rule suspension since last year, we knew Siri had until this month to get above $1.00 to avoid receiving the non-compliance notice, we knew they have about 6 months to comply with the rule, we knew, we knew, we knew... so, what's there to be excited about ?... Do not even bother replying to this post... I know more about the market and this company than what you think.
    Last edited by Siriusowner; 09-18-2009 at 04:08 PM.

  4. #4
    SiriuslyLong is offline
    Guru
    SiriuslyLong's Avatar
    Joined: Jan 2009 Location: Ann Arbor, MI Posts: 3,560

    All praise Siriusowner

    Quote Originally Posted by Siriusowner View Post
    Don't get too excited. We knew about the Nasdaq's rule suspension since last year, we knew Siri had until this month to get above $1.00 to avoid receiving the non-compliance notice, we knew they have about 6 months to comply with the rule, we knew, we knew, we knew... so, what's there to be excited about ?... Do not even bother replying to this post... I know more about the market and this company than what you think.
    He knows! LOL

    Why would you make such a post?

  5. #5
    Siriusowner is offline
    Addict
    Siriusowner's Avatar
    Joined: Nov 2008 Location: The Oil Patch, Texas Posts: 922
    Quote Originally Posted by SiriuslyLong View Post
    He knows! LOL

    Why would you make such a post?
    I know. I should have said, "where have you been hiding ?... the north pole ?"

  6. #6
    SiriuslyLong is offline
    Guru
    SiriuslyLong's Avatar
    Joined: Jan 2009 Location: Ann Arbor, MI Posts: 3,560
    Quote Originally Posted by Siriusowner View Post
    I know. I should have said, "where have you been hiding ?... the north pole ?"
    Understood, and true.

  7. Ad Fairy Senior Member

Posting Permissions

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