Thanks for the info & Good luck to you!
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Thanks for the info & Good luck to you!
heh i would do it but im not using a margin account so im assuming my shares have not been lent out.
more wsj news, of course u need a sub, some1? any1? looks like it could be big news but shit i only get the first paragraph GREEREEEERERAWERWEFWEFWEF
http://online.wsj.com/article/SB123413823508461499.html
Satellite mogul Charles Ergen made an unsolicited offer late last year to take control of Sirius XM Radio Inc., and was rebuffed, according to people familiar with the situation.
Mr. Ergen proposed for one of his satellite companies -- EchoStar Corp. or Dish Network Corp. -- to inject enough capital into Sirius for it to meet its debt obligations and avoid a bankruptcy filing, these people said. Despite the rejection, Mr. Ergen has recently reiterated his interest in taking control of Sirius.
Mr. Ergen isn't seeking to force Sirius into bankruptcy proceedings in order to acquire its assets more cheaply, ...
HOLY CRAP,
Could this just be bullsh*t??? They always say "according to people familiar with the situation." Which seems to insinuate no fact!!!
:confused:
yes that is the problem with these articles no clue if they are reliable.
"Sirius doesn't have enough cash to repay the bonds"
That is not true, they do have enough cash to pay feb debt. It would make things tight but they do!!!
"In discussions with investors last week, Mr. Karmazin said that unless he could raise $175 million, he would be faced with one of two options: having Sirius file for bankruptcy or cutting a deal with Mr. Ergen." How would they have obtained this information???
This article drives me crazy, "according to people familiar with the situation" is like after every sentence. It appears that they are trying to not be held accountable for their false information!
"Mr. Ergen's move has put Sirius Chief Executive Mel Karmazin in a corner. In discussions with investors last week, Mr. Karmazin said that unless he could raise $175 million, he would be faced with one of two options: having Sirius file for bankruptcy or cutting a deal with Mr. Ergen. The bankruptcy option probably would be the least attractive for shareholders."
Are u for real? I have a hard time believing he said that :/
The whole article has holes in it! They appear to be bashing hoping for the SIRI to drop tomorrow!
to me the whole article is about how mr ergen is there only hope to get out of bk, which is saying they have a way out of bk at least, but they always have to make it look really bad.
Thats it!! I have had enough of this crap!!! These people that are pumping out these articles make me sick!!!!Quote:
Originally Posted by trippingthespeculatingpos
I will wait until Mel comes out and makes it official.
In the meantime I will just ignore these bogus speculators!!! Or should we just call them the NAB!!!
yeah I suppose! Im sick and tired of all the negativity, some good news would be nice ahahha!
Tripp
These articles are just killing me. How could they have all of this insider infomation...i mean BS! My brothers,uncle's, friend told his hairdresser that he heard from...you get the point. They have to have a hidden agenda or Mel's got a major leak in his negotiations.
Either way, it's killing me. Have too much cash on the line for this crap!
Dread/Hopeful
Forgot to put ya'll in there also.
This crap sucks!!!!
yeah, mel needs to make a statement plz, im still confident in them dealing with feb debt but he needs to combat this stuff if it isnt true.
Where do they get that Siri does not have enough cash for Feb debt? 350ish end of 3rd qtr, best of for 3 month's, improved guidance of 100M in decreased loss(something like that), all of the new cash from lifetime subs, etc. Don't get it. Is this how WSJ always works? If so, why does anyone even read this crap? Esp if they always turn out to be wrong!
My unsophisticated guess is 500-550M!
Dead: If a reverse split happens (or any other material event, such as when the merger happened) all pending orders are automatically canceled. No need to adjust an order because you are scared of a RS.Quote:
Originally Posted by dread
I think it becomes more frustrating when this nonsense comes out and we haven't heard anything official from the company on their plans. I'm trying to ignore these pieces until Sirius officially comments on what is going on, but is difficult to ignore all the crap that comes out.