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Thread: Mel wants to F his shareholders buy stealing the combined co. from you.

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  1. #1
    hartleib1 is offline
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    Mel wants to F his shareholders buy stealing the combined co. from you.

    Every shareholder should wake up!! Mel wants to F his shareholders buy stealing the combined co. from you. Is this what the loyal shareholders deserve? If it were not for us he would not have had the opportunity to purchase XM. He steals the company for private equity for $1.50 to $2.00 and keeps it private for a couple of years and then brings it public on the verge of substantial cash flow and makes BILLIONS for he and his partners I.E. Mr. Leon Black at APOLLO capitol and others. He has done this very thing with Infinity and became a Billionaire. I intend to prevent this and will facilitate a Derivative Suit to protect this company from its Executives and current Board of Directors. You all should get off your ass and fight to protect your interest! F me Mr. Karmazin I think not! Mr. Karmazin is setting the table and I for one will not sit back and allow this to happen. Brandon no offense as I know you are out of the stock , but if you think that this is in anyway positive for shareholders , you could not be more incorrect.
    Last edited by hartleib1; 09-16-2008 at 02:26 AM.

  2. #2
    demonotaku is offline
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    Considering you ****ed the shareholders over with the FCC how can we believe your doing this for "Our" benifit. Your one of the prime reasons it took so long, if you would of kept your mouth shut, we could of had things faster. Would you rather Sirius buying the stock, or all of us loosing all due to delisting?

  3. #3
    Newman is offline
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    1) I personally do not think Hartlieb slowed down the FCCmore than about a week.
    2) Delisting cannot happen until January or Feb. at the earliest.

    If Mel ends up buying out the company at a very low price, I would join Michael in a class action lawsuit. I think you could find a sensitive Judge that would be able to see how Mel's actions have added to the drop in stock price and could be seen as possibly being done intentionally.

    I think there are a large number of people who are buying right now that would love for Mel to take the company private at $2.50 a share. I do not think that that is in my best interest however. I think this company is a gold mine waiting to be discovered, and I think in the next 3-5 years, the company will be worth much, much more than this.

  4. #4
    frigginregan is offline
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    How can you say with a straight face that Mel screwed Infinity shareholders?

    He took Infinity from $17 to $170 a share in four short years when he sold it to Westinghouse.

    I'm not saying he's going to get such a premium for Sirius....but thats what Mel does. It's his MO. He takes over a company, turns it around and then sells it.

    We've been battered because of the criminal Merger delay and now the horrible credit market....BUT as scary as it is...I still trust if we can weather the storm...Mel will broker a good deal for us.

    Only time will tell. I won't lie that I'm crossing my fingers about the economy...because I don't think ANY company is safe in this environment...but with alittle luck....I am confident that if ANYONE can pull this off...it's Mel.

    It's gonna take nerves of steal tho.

  5. #5
    Newman is offline
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    Dont get me wrong reggan, I saw this coming from the moment the merger was announced. I do not expect Sirius XM to stay public very long, but I expected it to be 3-5 years down the road. But I would be quite upset if it was bought out... or even worse, taken private by private equity by large part of Mel, for less than what the stock was trading at before the merger was announced.

    Every time Mel has merged a company, he has made out like a bandit - and so have the shareholders. That is all I am asking for this time. To go through all of this for the shareholders to loose 75% and Mel make a killing... That would be wrong. I have total faith in Mel, and I do not think that he is trying to F us as Michael says above, but if I do get F'ed, then I will definately join him in protest.

  6. #6
    jimmy66 is offline
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    For all those who disagreed with my assesment that Sirius needs new leadership this thread is a prime example of my point. Mel is continuing to make statement after statement in the press that is destroying any confidence in the stock. As CEO his primary responsibility is to us the shareholder not to continually undermine the stock and erode investor confidence. If the supporters here are questioning him and his motives then why would anyone that does not have any money in the stock want to put it there.

  7. #7
    Newman is offline
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    Homer, check your private messages =)

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