Hey I tried your link with no results
we are in the same boat thankyou for your help
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Hey I tried your link with no results
we are in the same boat thankyou for your help
was that bank of newyork melloncorp for 7269279 mil on 02/o9/o9Quote:
Originally Posted by GTSViper
The site is overloaded. Keep trying as it took me severeal times to get through.
Crazy thought. Bank of N.Y. loaned the money to Sirius and purchased 7m shares today. Or just a crazy ass gamble.
Yes it was.Quote:
Originally Posted by ray
Posted on 2/11/09. I assumed it was a yesterday or today purchase.
"One thought that jumps out at me regarding Karmazin, Ergen and bankruptcy...
Now that there are somewhat credible reports - reported in the WSJ - that Ergen offered to take over the company last year, and is still interested currently... does this not put Karmazin on the hot seat??? If he elects to allow Sirius to go into bankrupcty restructuring that wipes out the current common holders, then does he not put himself, the management and the BOD in a position for a shareholder lawsuit?
Now I'm not going the Hartleib route here -- just noting, that there are credible reports that Sirius "rebuffed" a takeover offer by Ergen -- and that Ergen is still interested in the takeover WITHOUT bankruptcy...
One things for sure in my mind... if he does let it go bankrupt now -- he's in for a multitude of shareholder lawsuits for not taking the offer and instead, opting for bankruptcy to wipe out the common.
You (especially you Hartleib) think that Sirius management doesn't know this? IMHO, they have no choice but to work something out to refinance or deal with Ergen -- without bankrupcty. Otherwise they face lawsuits.
So, IMHO, there was some positive to come out of this Ergen news of late..."
The above is a quote by Homer985. I agree with him. How can Sirius file for BK?
this is where I got the information mffais there are more companies that bought than just that oneQuote:
Originally Posted by GTSViper
I was going to buy another 100000 today and my wife talked me out of it
Is it 5;00 yet:cheers:
Let us pray......
Mel, please do not do anything "ugly" over the weekend like you did with the merger financing....OK
Ahmen
Call me crazy, but I just picked up another 1000 shares to bring me up to a little over 2400. That's peanuts, I know...If I lose it, I lose it but if the name of the game is buying low and selling high, well, it can't get much lower than .505/share, can it?
Up almost 3 percent after hours (right now, anyway) -- take the silver lining when you see it, right?
If you haven't listened to it yet, check out Tyler's Take on siriusbuzz radio.
got a link???
I bought 350,00 shares at .104 on 1/26/09 and sold it all at .202 on 2/5/09 so I love SIRI. I think they slipped out the bankruptcy to get rid of all the short interested as this is there time to sell if there smart. Once the shorts get out Siri can only go up. I do not believe they will go into bankruptcy. The TARP money will soon be flowing like a river of money and at 0% interest money will be cheap. I believe the shares will go down to .045 before it comes back. I am thinking of buying 1,600,000 shares at between .045 to.05 as I think it will go back to .12 to.14 or higher by the 4q report. What do you guys think?
I do not know the original link got it off yahoo
Liberty Media, the media company owned by John C. Malone, is in preliminary talks with satellite radio giant Sirius XM Radio, people briefed on the negotiations told DealBook.
A deal between Liberty and Sirius XM could throw a wrench in takeover plans by EchoStar, the television satellite company that has been acquiring Sirius XM’s debt.
The high drama comes at a critical time for Sirius XM, which faces $175 million in debt payments that will come due on Feb. 17. The company is unlikely to be able to meet those obligations.
Mel Karmazin, Sirius XM’s chief executive, has been locked in talks with Charles W. Ergen, his counterpart at EchoStar, these people said. The two men are said to not get along, and Mr. Karmazin has rebuffed Mr. Ergen’s advances before.
While EchoStar’s proposal to Sirius XM is unclear, it may be no better for the satellite radio’s company’s bondholders than a bankruptcy filing, people close to the company said. Sirius XM hired advisers several weeks ago to prepare for a potential bankruptcy filing, which could come within days, these people said.
It is not clear how advanced the talks between Sirius XM and Liberty are, but any potential deal between the two could spark a bidding war with EchoStar. Because EchoStar holds a large portion of Sirius XM’s debt — a majority of the $175 million due on Feb. 17 and part of a $400 million tranche that comes due in December — it may have an upper hand in any such negotiations.
–Andrew Ross Sorkin and Zachery Kouwe
okay just heard malone is dtv guy, uh oh this is getting interesting
thankyou again Tripping you always work so hard.....
I think church Lady has the right idea
are we ready for communion
wowo lotta links coming togethor, bob kraft owner of the pat's and rich ass dude aswell stopped by sirius today, and DTv has the rights to the nfl so it would be a clash of interest for dish to get siri oh boy oh boy whats going to happen here?>???>>>??> it better be good!!
Bankruptcy Ploy vs. Smart Business
If Karmazin wants to stay in control, and I believe he does, the word of the day would be partnership. He has connections with his friend Kraft and subsequently to Viacom. His NEW friends could be DirecTV.
Who owns DirecTV? What was the big problem between Viacom & Ergen’s DISH? Channel Pricing. Who would a partnership between SIRI & DirecTV benefit? Three people: 1) Karmazin keeps his job, 2) DirecTV gets some beneficial pricing through a tie to Viacom not to mention KEEPING ERGEN FROM GETTING XM’s COVETED SATELLITES, 3) Kraft gets a sizeable return on his investment and income from possible exclusive sports broadcasts sent over SIRI.
Ergen DOES NOT have SIRI shareholder’s interest in mind. He wants satellites. Plain and simple. Why do you think he came into this takeover bid on the debt side not the common side? He doesn’t care if it goes bankrupt. He just wants to compete with DirecTV.
If Karmazin, Kraft & DirecTV got together it would substantially lift this stock.
*posted by jwpickens20 on yahoo