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Thread: SIRI Intraday Updates for the Week of 10/27/08

  1. #21
    SiriusHope is offline
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    As you know the state of the affairs of SiriusXm are at this point now ridiculous. We are being duped by management.

    I am amazed at the sell-off in this stock over the course of many months. I would never have dreamed that the stock would trade today at 38 cents per share or a 1B market cap. I would also add that Goldman Sachs and others (probably hedge funds) are having a field day with the converts and naked short sales. This has been going on (in my opinion) for months and months with no enforcement action taken by the authorities. SIRI is wrongly trading at these low prices and I am quite surprised that Mel Karmazin has not been more pro-active in doing something to stop it.

    Now with the upcoming shareholders meeting in December more deception is possibly lurking. Since you seem to understand the clear concept of the share price going down now wait to see what would happen with a reverse split and dilution.

    The management is so silent at this point and that is the main concern of the shareholders. You would think Mel would give some news release and at least try to least stablize the share price.
    Almost 20 million subs and we are heading down?

    Three loans that can be serviced and we heading down?

    In five years we could be close to 30 million subs and we are heading down?

    The fastest growing company in America last year and we are heading down?

    I guess he wants it as low as it will go for the reverse split. What is his story? Really what is Mel trying to accomplish?

    I do see the motive though here...

    Mel and company drive the price of the stock down and disenfranchise the shareholders. (Done)
    Mel and Apollo (Leon Black) offer to pony up cash in exchange for the remaining shares. The EV right now is around 4.5 billion, then add the premium for shareholders, and every dollar you give adds $3 billion.

    Mel and Co. will offer the buyout between $1.50 and $2. This means that the total buyout price will be 7-10 billion more or less. At that point, It will be Apollo and Mel to turn around the company, drive profit, and then bring the company public again via another IPO and make a killing that way. Mel has taken a company private and then brought them back public before with Infinity.

    The fact that Mel and Apollo have a ton of shares means nothing, except that they do not have to buy those shares back from themselves.

    Maybe you can uncover more with this information.

    We need your help to expose these issues.

  2. #22
    SiriusXMInvestor is offline
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    Dear Ms. Kharif,


    As you may already know, the current state of affairs of SiriusXm is horrific. Management is lying to shareholders. They have been misleading shareholders since the merger.
    I am amazed at the sell-off of this stock since merger approval. I would never have dreamt that this company would be trading in the .20 range with a market cap below one billion dollars. I believe that Goldman Sachs and others (probably hedge funds) are having a field day with the converts and naked short sales. In my opinion, this has been going on for many months with no enforcement action taken by the authorities. I am quite perplexed that Mel Karmazin has not been more pro-active and attempted to stop the daily manipulation of SiriusXM stock.
    With the upcoming shareholders meeting in December, more deception is likely possible. Since you are aware of the share price going down everyday, I cannot imagine what would happen with a reverse split and further dilution.
    Managements silence is a serious concern for shareholders. You would think Mel would have spoken to shareholders via a CC or press release.


    Almost 20 million subs and we are going down!


    Mel stated recently that he is confident that the Feb 09 debt and the May and Dec debt will be refinanced.



    In five years, we could be close to 30 million subs and we are heading down!


    Sirius was the fastest growing company in America last year and we are heading down!


    We need to find out what Melís motives are with this company.



    Is he intentionally running it down to sell it privately?



    What is Apolloís Leon Blackís role in this company?



    Thank you in advance for helping us bring our issues to light through your efforts.

  3. #23
    SiriusHope is offline
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    serious...
    i sent my letter to many news reporters

  4. #24
    SiriusHope is offline
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    SiriusXM you sent similar letter as i did...lets hope we get some actions taken by press.

  5. #25
    spanyo is offline
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    Maybe some of the 67 million shares that were traded for debt were shorted last week. This drove the price down ridiculously low. The current price is just the result of these shorts buying back in (reloading) and people saying "wow that was a low price" and started buying into the "rally".

    So the price we are at now is just a normalization of a more realistic (but still very beaten down) price.

    Some people can't believe that SIRI is being shorted at these prices. But all you have to do is move the decimal one place and it becomes very easy. If I was a short I would just imagine that the price is at $3.80.

    Just a guess.
    Last edited by spanyo; 10-27-2008 at 07:23 PM.

  6. #26
    Demian is offline
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    Another worthless name dropping article from The Motley Fool....

    http://www.fool.com/investing/high-g...wCommentAnchor
    --------------------------------------------------------------------------------------
    "Whether it's Apple's (Nasdaq: AAPL) iPhone, Amylin Pharmaceuticals' (Nasdaq: AMLN) diabetes drug Byetta, or Sirius XM Radio's (Nasdaq: SIRI) latest offering, the ramp-up in sales has to be steep in order to reach a large enough base to grow from once initial sales rates start to slow down."
    --------------------------------------------------------------------------------------

    I was the first to comment under their article again...........


    On October 27, 2008, at 7:11 PM, DemianBohemian wrote:

    It's quite amazing how you guys mention SIRI in so many articles that have nothing to do with SIRI. You do this day after day and sometimes several times a day. Why do you do this? Are you trying to remind the people that you sucked into XM as a stand alone company above $30.00 how bad your advice was? Are you trying to rub it in that they could have bought SIRI for under .50 a share, had they not lost their shirt listening to your dangerous advice?

    Or.........

    Are you just fishing for hits?

  7. #27
    Demian is offline
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    SIRI closed AH trading at .3998..........

    After Hours Trade Reporting

    After Hours
    Last: $ .3998
    After Hours
    High: $ .40
    After Hours
    Volume: 447,473
    After Hours
    Low: $ .3499

    19:59 $ .3998 1,000
    19:56 $ .40 1,500
    19:51 $ .40 1,702
    19:51 $ .40 3,298
    19:44 $ .40 4,500
    19:40 $ .40 3,000
    19:37 $ .3967 202
    19:37 $ .40 798
    19:32 $ .3801 2,000
    19:27 $ .3969 500
    19:15 $ .395 1,500
    18:59 $ .39 2,100
    18:59 $ .39 852
    18:59 $ .3971 1,148
    18:58 $ .39 5,000
    18:58 $ .39 4,250
    18:58 $ .39 500
    18:58 $ .39 150
    18:58 $ .39 100
    18:55 $ .3969 650
    18:50 $ .395 3,048
    18:50 $ .39 11,000
    18:45 $ .395 1,000
    18:41 $ .3969 500
    18:38 $ .3925 100
    18:38 $ .3949 4,050
    18:38 $ .395 802
    18:38 $ .395 1,000
    18:35 $ .3949 350
    18:27 $ .39 2,500
    18:24 $ .3949 500
    18:24 $ .39 5,000
    18:20 $ .39 9,250
    18:20 $ .39 3,000
    18:19 $ .38 172
    18:19 $ .38 3,328
    18:18 $ .39 750
    18:17 $ .39 9,250
    18:16 $ .39 10,000
    18:16 $ .39 350
    18:16 $ .39 400
    Last edited by Demian; 10-27-2008 at 09:06 PM.

  8. #28
    Demian is offline
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    http://www.247wallst.com/2008/10/with-sirius-up.html

    October 27, 2008

    With Sirius Up 30%, Can Chatter Be True? (SIRI)

    Sirius XM Radio (NASDAQ: SIRI) did something rather unusual if you consider its recent downward trend. Its shares rallied close to 30% today. Sure, you have to consider how low shares had gotten and take into consideration how little this means in raw dollar gains. But you also have to consider the meat here and why this would happen.

    Last week we discussed how lucky the company is that NASDAQ has pulled its $1.00 ejection button from the listing requirements. Everyone, and that includes us, has commented how the company is drowning in debt. But its debt financing that looked so high when it was made actually looks pretty cheap considering the levels we have seen investment grade and "AAA-rated" issuers have accepted in recent weeks.

    We have refrained from printing some of the crazy rumors out there about the company. But when we see gains of this percentage (even in a penny stock) on a bad market day, it makes us wonder if there might finally be some meat to the gossip. There are two issues which could come into play and both have been subject of chatter.

    The first such market talk has Mel Karmazin leading a "go-private" MBO. Karmazin has bought shares in recent months when he could. We have yet to find a single shred of proof that this would occur, and we have not found anyone credible or with size who actually believes this is in the works. Even after the massive sell-off in share prices, Karmazin might not be able to raise the cash in today's no-credit environment. Can you imagine the debt assumption on top of the existing debt and on top of the existing capital needs that it faces in the near future?

    The other possibility here is that the company would consider a reverse stock split. Karmazin has said that they could consider anything before in response to a David Faber question directly about a reverse stock split, and at current share prices he might not have much choice. The problem is that we believe most traders and investors would join the trend of recent reverse stock splits with the cheers of "Yeah! We get to short sell this stock all over again!"...

    An issue to consider here is that there have been more rumors over the last 6 or 7 years with many technology and media companies being rumored as possible suitors of either Sirius or XM. None have ever materialized. The only reason to even mention it today is that the current price would allow some buyers to snap this up for a song if they have ample capital or if they can easily access capital needed to fund the operations.

    If Karmazin has something special up his sleeve, we'll know sooner rather than later. The things that may have been responsible for driving this up seem hard to fathom, but we have always believed that the market speaks louder than personal opinion.

    A 30% gain to $0.38 doesn't even come close to recapturing the personal fortunes which have been lost by investors in this cult stock. But for many, this may be the first round of hope in a while.


    Jon C. Ogg
    October 27, 2008

  9. #29
    Demian is offline
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    http://blogs.barrons.com/techtraderd...d=yahoobarrons

    October 27, 2008, 1:02 pm
    Seriously? SIRI Shares Jump More Than 40%
    Posted by Eric Savitz

    "Hmmmm. Not sure why, but Sirius XM (SIRI) has suddenly come back to life: the stock is up 13 cents, or 43%, to 42 cents. Short-covering? Rumor-mongering? I have no idea..."

  10. #30
    Demian is offline
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    http://www.schaeffersresearch.com/co...e&blogid=88724

    Sirius XM Radio Inc - Is this Bounce Different?
    10/27/2008 3:41 PM

    ".....I am curious about the strength. The daily chart shows the stock has been bouncing in and around oversold conditions for last two months. If we are seeing the initial stages of a sustained rally out of oversold, that stock will need to take out the intraday resistance. Keeping an eye on the intraday charts can give you an early heads up to changes in the underlying supply and demand situation....."

  11. Ad Fairy Senior Member
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