We at SaveSirius are going to do everything in our power to prevent management from having the authority to enact the reverse split as well as to prevent them from further diluting to an uncomprehenable fully diluted float of 8 billion shares. We are also going to propose a shareholder based funding initiative where shareholders will contribute $1000 or more to a fund to raise the necessary $211million dollars due for the February 09 convertibles. These funds will be loaned to the company on an interest free basis in exchange for certain shareholder guarantees and will be repaid back only when the company is on more stable financial footing. We are actually attempting to reach the bond holders directly to propose this scenario. Any other questions, please feel free to contact me, or I will be happy to give you names of other individuals at SaveSirius@gmail.com and savesirius.org Thanks for your interest! 714-927-5898
Sincerely,

Michael Hartleib

Yesterday – at approx. 4:00 pm PST – I received a telephone call from a reporter asking about the Derivative Suit being dismissed as they see all the headlines saying the suit was thrown out.

The suit was NOT thrown out – the suit was DISMISSED WITH LEAVE TO AMEND, meaning the problems with the complaint can be fixed and the complaint resubmitted. No new case number.
No new case. Same case.

This is the second time this has happened as we are fighting very deep pockets that will use every trick to protect themselves INCLUDING TAKING OVER A WEBSITE AND POSTING A CONFERENCE
CALL THAT I HAVE ABSOLUTELY NO KNOWLEDGE OF.

Kenny the web master has been of help. I was concerned in allowing someone to have control of the website but took a chance as I own the domain and was assured I could take it back at any time which
is exactly what I did. If you’ll notice, SaveSirius.org is now down. I have no idea who Kenny is but despite repeated e-mails and calls, the site was not being properly updated. Then, via e-mail a message
was sent and posted on the website that someone in his family had a heart attack. Then, a day ago, I received the e-mail below which is poorly written and states that Kenny was the one that had
the heart attack and says that he has allowed access to the site for someone else to update. First of all, the e-mail is very strange as Kenny has always written well.

The reporter that contacted me yesterday asked me about the upcoming conference call on a class action. I said “I don’t know anything about it, where did you get the information?” She informed me
it was on SaveSirius.org. I placed several calls to Kenny, did not get a response, and then immediately shut down the website.

Some members of the group have received e-mails where someone has impersonated me to lead you to believe that I am behind this scheduled conference call and class action suit. Those of you that
received the call in number, I suggest you call in as I am interested to hear what is said. If any of you wonder how badly somebody wants to hamper the efforts of our group, I guess this shows they
are quite concerned and will stop at nothing to deter our efforts. If any of you have any questions, please call me direct at (714) 927-5898.

http://finance.yahoo.com/news/.....04908.html

http://data.cnbc.com/quotes/SI.....RI/tab/8

Do they hold short positions ?

Are they going to get hammered by the RS and dilution ?

you are constantly saying “be prepared for it to happen”…

Would you elaborate on what one should do to “prepare”

Thanks

They are seeking authorization for the reverse split, and will not use it unless they have to for delisting purposes.

Again, if I were you I would be prepared for it to happen.

IR at Sirius said they would not do the RS unless they needed it later in 2009 if the stock price was under $1, IR said the 4 billion shares was a seperate issue.

If Mel announces new loans for feb, May and dec 09, whats to stop the price from rising above a buck ?

Thanks.

Most institutions will vote for the measures IMO. It is how these things work. You can disagree, but again, I think you should prepare yourself for the eventuality that both of these measures will pass.

I have experienced many reverse splits over the years. For a period of time I dedicated a small part of my portfolio to companies in trouble, and reverse splits often happened.