asm610, No, No you are missing my point. He wants the whole company not just the satellites. Once again if it comes down to where SIRIXM cant pull this off in the next 3 years. Also even if they can he will own at least 40% of a profitable company. Not to shabby ether way.Originally Posted by asm610
Correct!!!!
Why did Malone get the DEAL OF THE CENTURY. Knowing NOTHING about the Ergen deal, ILL TAKE IT RIGHT NOW. Ergen sounds more and more like the good guy. Not Malone. Malone even looks evil. Ergen actually looks like a nice guy. I know thats irrelevant, but you should go back and read about the two men. USUALLY THE GUY ON THE BOTTOM IS THE GOOD GUY.
Relmor the 4th Qtr report will reveal alot. Be hard to justify BK if their COH exceeds Feb debt.
If it is below that they will need to explain where it went.
U got it!
level 2
[QUOTE=yomann;16240]The best way to beat your competition is to offer a better product.
If your going to shop 40% ownership of my company, I want to vote on all the deals, see them, feel them, and decided on them. Sending out the deals into the market, and the media, giving specifics DRIVES UP THE PRICE OF THE DEALS, AND ENTICES OTHER ENTITIES TO BID. Why did the media not get "a hold of this Ergen news sooner" Because the media is in bed with Mel, thats why, and doing what they are being paid to do. Release news as it benefits the players involved. Why did MSFT go public with the yahoo deal? BECAUSE THEY KNEW IT WOULD NEVER BE AGREED TO!!!!. If they were really trying to buy yahoo, they wouldnt have allowed that news to leak. Why drive up their own offer? Why bring in a thousand variable? Why give Yang time to use the media in his favor, and shop yahoo to other investors?
Media didnt know about the debt being bought by Ergen until February? And neither did Sirius? Really? I have some land on the moon id like to sell you .
s162,
Thank you for the sound advise. I do believe in this company.... because of you guys. You allowed me to see past the financial status of the company. I am not nor will I day trade this stock....sorry for not referring to it as a "pig"...lol. I was just fortunate to have bought this great stock at such a discounted value. I can honestly say that I did not even believe in the BK scare not once. I believed that debt must be managed and that there is a desperate need for better marketing, but these are things that many strong companies are faced with. I am using the phrase "strong company" here because it is the only one of its kind. They have the "there can only be one" mentality. I don't want to use the "M" word.......monopoly...ooopsy....slipped out....SORRY!!!
I believe this, on the 17th, many expected things are going to come out....the debt payment... the "partnership" with John Malone......and somethings that we do not expect. It is those things that are going to give us the "Wow' effect on the 17th that will catapult this stock .30-.40 cents. I challenge you nay-sayers to a duel. It isn't what this stock is doing, but what it is prepared to do.
winagain, you are missing the point. There were no shares to be shorted that is why SIRI had to pull them out and loan them to the converts, because the people investing in the converts would not do it unless they could get shares to short to protect their investment. They could not get them anywhere except for, from SIRI directly. Now that was in Aug. to where did all the extra shares come from? Even Mel stated that they needed to do the dilution because they have no shares left to do much of anything.
Preach on brother.
For that reason alone, the CEO has been lying to us, I sell shares at a small profit. I unloaded 11,000 today at .138 and I will sit and wait for the next take down. People need to understand the reason this stock is at these levels is because Mel wants it here. Why? I ask myself the same?
This company with bk off the table should be trading around .50c.
We all know the bondHOLDER shorts the common. As bonds were acquired by Ergen, the former bondholder (Goldman Sachs) would have covered, again for a tidy profit although the bonds were sold at a loss.
In continuing to manipulate down the price of the common, bondholders such as Goldman Sachs were able to cover their short positions at a much lower price and lock in a hefty profit.
With each acquisition of bonds by Ergen he would have shorted it himself. You would not have noticed a change in short volume because they only report every 2 weeks. Once Goldman covered and Ergen shorted, their would be very little difference in short volume, yet no naked shorting would have occurred and the shares would have been available at that time.
They worked in concert, and that's why Cramer has been flaunting it. The funny thing is, I think Cramer WANTS to talk. The SEC should have a conversation with him. I think he feels guilty knowing all of this but being unable to talk about it.
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