…….. although we are in discussions with several financial institutions regarding a possible financing to replace its 2-1/2% Convertible Notes, as agreement for such financing may not be achieved or if achieved may not be achieved on favorable terms….

This is separated from the initial announcement, stating that they are in discussions with financial institutions regarding this debt. I think most investors want to hear exactly how this debt will be financed, not that they are still having discussions. The discussion that investors need to hear is How? and When? and at What Cost?

Aside from that, I think the third quarter numbers will be negative, which is not a surprise. We know that the 1 time merger and acquisition costs will be broken out and losses will be reported with and without these one time costs. The sub numbers are going to be the bigger problem. Nineteen Million and change is not the upside surprise we were looking for but at least it shows growth. I would not be surprised to see third quarter subs at a Net Negative which will shock investors if this happens.

You are doing a great job with all the info you provide.

Thanks

vaporgold

A lot of us here are just concerned with reason regarding the Feb note.

The future on paper looks very very good for SiriusXM as far as growth is concerned.

If I was running a financial instution I would partner up with SiriusXM on all the notes simply because I could make a great deal of money from SiriusXM over the course of the next five years.

However, in light of the money lending situation currently, the above is only a dream in my opnion.

I would be very very happy if the Feb was serviced favorably. if it is, it could be possible with the synergies from the merger a re-traction from SiriusXM regarding the RS and the issue of any more shares.

Now you got me dreaming Newman

imho

vaporgold

Pre-market trading today made me go search the news, and guess what?

Headline this morning: Sirius XM In Talks With Lenders to Revamp Financing (source, DOW Jones Newswire.

The company also sees the following: 19.1M subs EOY 2008, 22.1M in 2010, 24M in 2011, 26.2M in 2012, and 28.4M in 2013. Additionally, Sirius XM Radio Sees 2013 Rev $4.1B.

Ask as I post this is up >15% over previous close.

Don’t want to get too excited, but Maybe the leaking Q3 results will get bolstered by additional good news on Monday–just what we REALLY need.

Long SIRI … and holding.

John, PR came out this morning, and Earnings will be announced November 10th.

But really, the easy way to verify this, is to look at the calendar on the SEC website.

Sirius is a Large Accelerated Filer whose quarter ended on 9/30/08… so their filing deadline is 11/10/08.

—
http://www.secfile.net/SEC_cal.....al_Reports

SIRI has to release its earnings report by Monday, Nov. 10 and I agree w/Tyler that the company will indeed pick the last day which is, again, this coming Monday.

I know hope is a dangerous thing when it comes to SIRI, but the stock will have a massive turn around since I believe the debts for Feb. and May are about to be out of the share price’s way for good, IMHO, of course.

Citigroup, Goldman Said to Begin Firing Staff as Economy Slows

By Josh Fineman and Christine Harper

Nov. 6 (Bloomberg) — Citigroup Inc. and Goldman Sachs Group Inc., faced with a weakening economy and the prospect of mounting losses, began firing workers as part of the firms’ plans to cut more than 12,000 jobs, people with knowledge of the matter said.

Goldman, which converted last month from the biggest U.S. securities firm into a commercial bank, yesterday began telling about 3,200 employees, or 10 percent of its workforce, they were out of a job, according to one of the people who declined to be identified because the decisions were confidential.