What exactly does the SEC do ???
Malone told me just how he pulled this off. Read this ( Financial Post 2/15/2013 Matthew Boesler , what hedge funders don`t want you to know.) exactly done this way.
If you're a REALLY smart guy looking to get into finance, where are you going to go? Where they pay you $1 million signing bonuses or to work for the government? Hence, the REALLY smart people go to GS and the not so smart people left at the SEC aren't quite smart enough to even know what these guys at GS are doing.
What happens to all the sirius xm blogs, chats, and websites when this deal is done. Will not be the same after all these years. I don't know about some of you, but I have been in sirius for a very long time. I think its been 11 to 12 years. Amazing! It looks like i will need to find another hobby.
Not sure the name will change only the ticker and structure. They did the SXM Holdings Inc. to set this move up probably. Ultimately this will be good for the Longs to be under the MaloneCo umbrella but not at 3.68 for the conversion. It is a joke to make this offer to the SIRI minority holder after the obvious manipulation to correct us down to a 17X Ebitda multiple......the low end of the trading range. A $4+ negotiated swap to then be a direct part of MaloneCo is not a bad thing.
As far as the Boards.......same thing just a bit less volatile a holding. Once MaloneCo swallows SIRI we will not have to be looking over our shoulder wondering what Maffei and Malone are up to next in an attempt to fleece SIRI reets.
If Malone does get total control (and it won't be for 3.68), my concern is what he does with us if his efforts to buy TWC fail.
You think he's treating us like a whore now? Just wait........
oh, pretty obvious why we didn't get a generous divi
Sirius is going to be his Piggy Bank to suck money out of.