Take A Look At The 12b-25 Ext: What Does It Reveal?

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Originally Posted by seri

Jeesh,

Relmor probably should have been able to catch your drift and didn't need to use the word "gibberish". On the other hand, looking past the use of the word - he was just asking for some elaboration.

You could have replied with some elebaboration or said "none is necessary" but instead responded with actual gibberish.

I'd say its time to call it an eveing before we regress further.

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I agree. My brain is fried for the day. Im signing off. Good discussion today, and thanks to cos1000 for his research and offering the only details we really need to focus on. Sometimes you forget whats important. Night all.

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Originally Posted by imromo24

no prob. that definition motivated me to look closer at this situation and my position. im going to sleep on it, but im sure im adding tomorrow.

the history is: Pray to god for help, but keep some dry (gun) powder as insurance (in case god doesn't come through in time, lol)

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Maybe God just might want you to use the gunpowder

With the uncertainty this stock gives us , it is Great to still have a sense of humor !

for everyone out there, what happen to the v of value, his digging of holding this stock would be the only thing missing with tonights news!!!!

Jesus sl65... that was the most...hell I don't know what to call it..diatribe I've read in a while ...I loved it!!! Ya bum... I was trying to write up a similar post and then came across yours and said "shoot".. (not really it was sh_t) why waste my time, this dude is " on time" jammin on the keyboard. I gotta agree that it all just doesn't add up. that's the problem..without real time, honest info all we can do is pound our puddin and speculate...postulate...until we have to start paying off Congress' current transgressions. Or we take a nap and wake up on 3-17... hear what the custodians of our investment have to say and then make another plan.

Too many fosters tonight.. go'day mates...till tomorrow.
koop

cos1000...

You and relmor know how much I respect you guys. And I wasn't going off on you guys, just got a little frustrated how negative things suddenly have turned. I can certainly appreciate your positon of thinking but I really do view much of the 12b as standard CYA for this type of situation. With SIRI, and their prospecti, they always come with the overly negative language, I believe to 1. CYA but also 2. to do their under promise and upside deliver schtick. I for one, and I think thus far the Street agrees, believe that this deal awaits the i's and t's as relmor said. I mean how in the world does JPM not deliver on this? They were listed by Mel as a consulting partner...Liberty and Malone or Maffei (who has been in the media eye since the deal) have said not one word of warning. I have to take that as a positive. And who knows, maybe Mel is still trying to hammer out a better rate onteh extension. Hard to say. But I see little curently that points to a negative outcome. Again I appreciate you POV and thanks for starting the thread..I want to stay realistic but I also don't want to see overwhelming negativity rule the day at this juncture. Closure is at hand. Although, keep this in mind from the filing:

>>In addition to resulting in termination of further funding pursuant to the Investment Agreements, the inclusion of such a paragraph by KPMG LLP would result in a default under certain indebtedness of the Company, XM Holdings and XM Satellite Radio Inc. (“XM Inc.”) which defaults, if not cured or waived prior to the expiration of the applicable grace period, would result in an event of default under other indebtedness of the Company, XM Holdings and XM Inc. Such events of default, if they occur, provide the lenders the right to demand all amounts due under the respective agreements immediately due and payable.<<

First, the last part, >>all amounts due payable on default<<. Again, makes no sense that this is how SIRI would spend current COH no matter what it is reported at. And two, >>which defaults, if not cured or waived prior to the expiration of the applicable grace period<< we still may not get total closure by the CC. Remember this could still drag out to 4/15, which is the official end of grace. If this were to occur, I still wouldn't look at such as an event as any kind of deathnell. I've come to expect 11th hour from Mel. That may be the only way he knows how to do it LOL...anyway, thanks again for your efforts on the thread...:D

Also goodnight. yo

Got the Cubs/Sox game on tonight from Las Vegas...great to have baseball back (though I miss my football big time!). Could warmer weather be far behind?? Yeeesh. I hope so :sunny:

koop...

sorry dude...I just did that to make you post so I could see your cool avatar. Well done!

I'm prolly outahere for tonight too...peace.

Oh...gotta wish killer and the dog a solid night's rest. Glad you guys made it in today. :cheers: