Based on the current float of about 3.6 billion shares, a 40 percent stake would equate to about 1.5 billion. I could be wrong, but I'm thinking the float would expand to just over 5 billion...Quote:
Originally Posted by Hopeful
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Based on the current float of about 3.6 billion shares, a 40 percent stake would equate to about 1.5 billion. I could be wrong, but I'm thinking the float would expand to just over 5 billion...Quote:
Originally Posted by Hopeful
Keysmark
I agree...But isn't it a moot point once Malone exchanges preferred for common?
Winagan
Glad someone with some math skills set me straight. I was roughly using 5B as float. Your numbers look alot better.
I apologize for buying more shares at .22. I should have know it would knock the price down quickly. It will take a little time to recover from my buy.:mad:
I don't know the ans to that question.Quote:
Originally Posted by just sirius
WOO HOOO!!!!! Im alive! My wife might not kill me after all....
I would think the 15% interest applies to the 1st installment. For some reason, if Siri never needs the second phase of cash, they pay the interest on the 1st loan.
Seats on the BOD is a great thing. Malone's group will bring stability and hopefully innovation to SiriXM
The stock doubled this am in pre-market. I sold 1/5 of my shares at .23, just to take some money out. The stock seems to trade higher in pre-mkt than regular trading hrs. Recent case in point was last week when it went to .28 in pre-mkt, but only had a high of .20 in regular hours.
It it goes up I still have most of my investment left, but it feels good to get some of my money out, particularly since a few days ago I thought it was all gone.
Keysmark
Looks like the overall market will be fairly crappy today... Wish we could have some overall market momentum to help push us today.
good news guys, this is a beautiful deal for sirius, they will have no debt problems till what 2011-2012? This gives plenty of time to realize the full result of synergies and develop that fcf, this thing should freaking fly today. The deal is so freaking stockholder friendly, and trust me having malone on baord will bring all those investor's who follow malone's every move, this is ****ing huge guys, man im pumped!!!!
Damian SiriusOwner Tripping Bill - I really do not understand "shorts trying to cover" so this question may REALLY show my ignorance but .... could the price be retreating a bit because there are so many that "have to sell"??? Again (and i cannot say this too much - your efforts are really appreciated here and you guys assisted on this board when things looked about as grim as i ever want to see this stock - very appreciated!!) Go siri go!!!!
Just Sirius luck, market getting completely hammered today. It's always something.Quote:
Originally Posted by winagain35
hey rick to complete a short sale the stocks have to be bought back since they are lent out, so thats how it raises the price, to intitiate the short sale the stock is first sold, then at a later and lower price they buy back, the action of buying it back is what should help lift this stock whenj shorts realize this isnt going to zero.
sxm
no need to apoligize!!! Remember....you took one for the team...now I will be able to make my buy of 8000k this am at about .18-.19 instead of 7500k at .2
Your a good man!
Looks like it could be a bad ugly day in the market but Siri seems to do good on bad market days.
this link might help you understand short selling
http://www.fool.com/FoolFAQ/FoolFAQ0033.htm
Go Trip Go!!!! You gotta be the best cheer leader on the board and it is appreciated!!!!!Quote:
Originally Posted by trippingthespeculatingpos
Over 33 million in the pre market traded.......
Tripp
Sounds like your on your caffeine IV drip again this morning!hahaha
I know that this is a good deal for us. But I'm going to take a more subdued approach!
Don't even think about selling under .25.............let the short squeeze happen.