Originally Posted by
homer985
It's not so much a conspiracy of them purposely driving the stock price down -- it's about GS putting pressure on the company to force them into exchanging the maturing Feb09 converts into new convertibles -- which would be very beneficial to the holders of those converts... namely GS, who just happens to own 40% of them.
The pps target and the fact that it hit it is irrelevant. Its that they purposely (IMHO) put pressure on the Sirius pps -- which would make the refinancing more difficult. The more difficult it is, the more likely it is that Sirius would do the exchange, rather than buy back the maturing debt.
That is why it's a "conspiracy" theory, IMHO.
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