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Only 11 million shares for the company retirement plan. Thats hardly dilutive at all on the 6+billion they have outstanding.Quote:
Originally Posted by AmenhotepIII
As I read filing after filing however, it looks to me like that reverse split is coming sooner rather than later.
Based on past discussions I 've seen a lot of questions about the Auto Sales numbers for the United States. Below is the data for the last 29 years from Ward's Auto World Magazine. I can't remember the source of information on lifespans of cars So, you'll have to take my work on the longevity of vehicles (9.4 years). I believe that Auto sales should be around 11.5 mil for 2009 and 14.5 mil for 2010 (taking Stock market values into consideration). Using the assumptions that true Average Sales is correct for 1990 (as the base), and assuming a 1% growth rate from there.
1980 11,443,613
1981 10,777,980
1982 10,538,362
1983 12,311,516
1984 14,483,141
1985 15,725,291
1986 16,323,021
1987 15,192,946
1988 15,791,544
1989 14,845,261
1990 14,149,378
1991 12,549,523
1992 13,117,444
1993 14,198,854
1994 15,411,374
1995 15,116,325
1996 15,456,112
1997 15,497,860
1998 15,967,287
1999 17,414,728
2000 17,811,673
2001 17,472,378
2002 17,138,652
2003 16,967,442
2004 17,298,573
2005 17,444,329
2006 17,048,981
2007 16,460,315
2008 13,493,165
Projected
2009 11,500,000
2010 14,500,000
Quote:
Originally Posted by Brandon Matthews
Brandon, could you please highlight the statement(s) in the Form S-8 where you could infer the RS is coming sooner rather than later? Just trying to learn how to read these things and decipher what is being written.
Does anyone have the install numers for 2007 or 2008. Also, using the projected increased install numbers for 09 & 10, what subscriber numbers would we have?
Brandon,Quote:
Originally Posted by Brandon Matthews
I understand things move fast on Wall St. but didn't you just say this 2 days ago?
"All moot as the company has no immediate plan to implement such a strategy. I waited too long for a merger, too long for financing and I'll be damned if you guys are going to make me wait for a R/S. If it happens, it happens."
Quote:
Originally Posted by bababoooie
Lets not forget about the crashes that happen on the roads. Plus even the illeagal immigrants need something to drive.
OK. Critics and newbies alike. It doesn't take a rocket scientist to see that Sirius' Patrick Donnelly has been doing nothing but preparing one SEC filing after another. The company seems to be in a big hurry all of a sudden to handle these share arrangements. 1 + 1 = 2.
If you write an article on this assumption, im going to throw something at you.;):mad:Quote:
Originally Posted by Brandon Matthews
Sirius is a complicated company. Need a lot of forms, LOL. Chill man... Seriously...
Relmor - wanted to throw a quick thanks your way - I am learning every time you post this technical analysis - same with brandon and the rest of you. That is one of the greatest reasons I like this group and board. Even if I disagree with someone I am still picking up new knowledge.... Thanks to all.Quote:
Originally Posted by relmor2003
I went slightly against my original target today - I had hoped to get more shares below .30 - but once you guys showed me the triangle pattern and I thought about it - I was willing to take the risk. Either way - I ended up green for the day.
Just found out I'm getting a better than expected tax return - time to play with my new TDA account - may try a few other investment types.... at least one more good buy on SIRI if I can manage it.... Good luck to the rest of you switching over - it is indeed like graduating moving into TDA - the tools never cease to amaze me...
Hi, What is the rush? I'm not a rocket scientist but if Sirius promised 50,000,000 shares to someone after a 1-50 R/S they would only get 1,000,000 There is no need to rush shares out door so you can R/SQuote:
Originally Posted by Brandon Matthews
They are allowed 8 billion shares. After a 1-50 R/S they will be allowed 160,000,000. It's the total authorized that matter and issue before or after R/S it comes out the same. So 1+1 still equals 2 but 2 does not equal R/S right this moment.
no article on such things. Like I said, if it happens it happens. I'm not going to lose sleep over it. I think its a good thing. Might as well get it over with, although I'd like to see it at .80 or better when it happens.Quote:
Originally Posted by relmor2003
That one point is very true - the R/S is the one thing right now that is looming like a dark cloud... I was doing really good at blocking the thought of it until you brought it back up...Quote:
Originally Posted by Brandon Matthews
Fingers crossed it doesn't happen soon although part of me also wants that hurdle over with..
Yes. No R/S till then. Thats my target. They wont even let if fail to break $1 if they were smart. As it goes past .80 cents, R/S, keep momentum. Screw the shorts. My last target sell price will be whatever the 200 DMA is when it gets there. Probably be around .80 cents actually.Quote:
Originally Posted by Brandon Matthews
OK, If I understand RS,:confused::confused::confused: an example would be if you had 100 shares worth 20 cents each they could make the quantity down to 20 shares and right when that happened your stock would be worth a buck per share.....right?
Is it all perception from that point that it would go back down or what, not sure I understand the down side to this for sure....any help for stupid me would be appreciated. Lay it on me hard I have plenty of duct tape to wrap around my head and keep it from exploding.
http://patternspy.blogspot.com/2009/...erm-stock.html
So is this chart saying the resistance is not until around 0.50 ?
http://www.orbitcast.com/archives/en...ifference.html
Not sure if this was posted today.
O.K., you think there won't be a R/S until we reach 80 cents.
But what is the difference between do it today at 33 cents, or next month at 50 cents or sometime later this year at 80 cents /
I thought it had something to do with the fact that we are under a buck and we would face delisting.
Most reverse splits fail. By most I am talking about 80% of them. It is not the reverse split itself that causes the failure, but rather the failure of the individual company itself.
Most reverse splits are implemented with a single purpose. To maintain listing requirements with an exchange such as the NYSE and NASDAQ.
Most of these destined to fail companies have a common problem. High debt and no income. They also cannot attract new money as their business models are the reason these companies are forced into reverse splits.
Having said that, 20% of R/S are successful. When a R/S is done to lessen the number of outstanding shares they tend to work.'
Sirius XM is a billion dollar company with 2.4 billion dollars in annual revenue. It's debt has been managed well. The only reason that the stock trades at such a low price is that it has too many outstanding shares.
A reverse split in SIRI's case would benefit the shareholders. As far as the concept, you got it.
Quote:
Originally Posted by Beach Gambler
Brandon
Posted on your last article, but it was deleted!! Was off topic but, can you write an article about your experience at SiriusXM HQ. Keeping the information that you and Paul discussed private, so as not to let unwanted company info put out before they want it too. Maybe, generalize your thoughts!!!!
Also, went to eat last night with my family, Hamburger place in San Antonio had SiriusXM business. People sitting next to me thought the music was awesome but stated it was a shame that SXM had filed for BK. I politely let them know that not only had they not filed BK, but they were fixing to put out an Iphone app and could possible be PCF for 2009? There response was an Iphone app will be huge for them. 2 of 4 patrons at that table had Iphones! Also, spoke with the manager. Ask her when they had switched to SiriusXM. She said they had it for about 2 weeks now and the patrons absolutely love it. She said that they get 2-3 compliments each day about how the music is awesome!
I'm sorry, but I deleted it myself. I meant to send you a private message. What gives you the idea that I had any type of private conversation with Paul? In fact, I brought a friend. The last thing I want them to think is that I made up a story regarding my visit, because I felt fortunate that they welcomed me. Most people don't get in but they were gracious enough to have given me a great hat and show me around. I'm sure I never mentioned any private meetings. I was given a private tour of the studio and offices. Shirley was lovely.Quote:
Originally Posted by just sirius
Also, the Sheraton New York also had Sirius XM playing in the restaurant.