Well there's always alcohol.Quote:
Originally Posted by Siriusowner
Printable View
Well there's always alcohol.Quote:
Originally Posted by Siriusowner
Homer you popped up today and really came to life, but you are spreading fear. Isn't it already in the stock price ? I'd appreciate if you address my question above about the upfront cash Sirius has been receiving from "Best of" and grandfathering family sub plans over last several months. Is this in your cash flow analysis ?Quote:
Originally Posted by homer985
I concur...Quote:
Originally Posted by Hughes
With the company facing bankruptcy and a million equity holders near losing their investment -- we should be fearful.
As for new cash? The problem here, is that we have no idea how much is coming in.
I guess, in the back of my mind -- I think that Mel maybe trying to just wipe out all of the maturities at one time to annonce them all at one time... the Feb and Dec have been repurchased, restructured or whatever and the May has been extended.
But I don't want to fall into that trap -- I think those holding out for some glimmer of hope should be slapped across the face with the reality that you really could loose everything invested in Sirius this weekend.
While I made lots over the years -- I do have a small amount still in the game, that I am willing to bet on this possibility. I've accepted it at this point -- but reading the boards today, I don't think many have. I sense fear in them and they're looking for any silver lining they can find... but they've got to be prepared for what has a good chance of happening.
--------
Mel really is taking out the trash
this is good old fashion capitalism working and loving it
no gov just companies trying to make it
Long siri long our founding fathers
That's all I'm getting at, there is hope. I also think that there is a possibility that Sirius is in a little better cash position to handle this Feb debt and buy some time to get the May reworked. You are looking at historical #'s, but have not seen 4thQ or wha they have been able to do in 1st 1 1/2 months.Quote:
Originally Posted by homer985
Sorry, also just shocked that nobody from the outside will step forward and invest 100M to help, knowing Mel's track record.
That is what I have asked, where's JPM and UBS, do they think they will be throwing good money after bad ?Quote:
Originally Posted by sxminvestor
You give them a few hundred million loan, then give the credit markets a chance to thaw and loosen over next few months and extend the May with a bridge loan. Just give Mel a chance to show what he can do with cost and operational leverage of this merger.Quote:
Originally Posted by Siriusowner
The NAB with all the planted bad publicityand the shorts have caused the pps to sink so low that Mel couldn't even sell the shares he got authorized.
Let's at least get to the report and see where they stand with their balance sheet.
Well, is all just speculation. We really do not know how well Sirius did last quarter, but do you think JPM, UBS, Ergen or Malone do not know ? Of course they do... and we will find out tomorrow, not 2/23.Quote:
Originally Posted by sxminvestor
Answer - Never!Quote:
Originally Posted by Siriusowner
SIRI will never go bankrupt......
Ray, I was checking it out and they are buying big chunks of SIRI. Thanks for the great information about that site, I appreciate it.Quote:
Originally Posted by ray
Big institutions have been buying it late last week.
I agree with Tripps and yourself....they are not buying it for a loss.
There are a lot of big scare tactics going on. They want to buy the stock back.
Here is an example of one stock that I own (CY) Cypress Semiconductors. They fell to $2.00 from multiple tens.....The CEO was on FOX (don't need any comments) and he was so pleased that he had been able to buy 20% of the stock back. Hint Hint.....Today it is at $5.36 and has been much higher. I have made out like a raped ape with it and will not sell it no matter what.
Is there a lesson there? You and Tripps both have a good handle on the situation. ;)
How do you know ? Never is a long, long time frame.Quote:
Originally Posted by Demian
bill, just curious,
exactly how do "raped apes" make out? :)
never heard that term before -
peace, brother (and may there be no bk)
let's just play this out, for the sake of argument....
feb 17th arrives and siri doesn't pay the 175M. What then?
in consumer bankruptcy, a default on an unsecured debt, usually
means no action taken by the creditor for several months, until and if
they decide to sue; then once they sue and get a judgment, only then
can they seize the debtor's assets
but since these are convertible bonds upon which there will be a default,
does that mean the creditor (ergen) will then have an immediate right
to take siri assets? i'm thinking maybe they can't, until they initiate court process, which takes time; yes owners of bonds have a superior position in a liquidatation to shareholders, but i question (and I really don't know for sure), if upon day one of a default, they have the right to do anything, except prepare and file a complaint in federal court, in order to get court authority to seize assets (after due process).
i'm just suggesting that just because there is a theoretical chance of a default come tuesday, why does that necessarily mean the debtor (siri) has to immediately turn around and file bankruptcy protection, if there is not much the creditor can do (ergen) until court process has been initiated?
obviously i may be missing something here, and instead, ergen's options Wednesday, in the event of a default, may cause, or he may have the option to cause irreparable harm to the company
a home mortgage may a suitable analogy, for, when a homeowner misses a first missed payment, that is almost always not an occasion to immediately file bankruptcy; instead, the debtor/homeowner may encounter and be subject to a host of workout solutions prior to seizure of the home in a foreclosure sale, and thereby avoid loss of the home. But for the homeownere to file bankruptcy the day after the first missed payment, is rarely seen; it's just not necessary, yet, and may never be necessary.
i like the way you think nisvan, hopefully it applies to this case be it the worst case scenario comes true.
"raped ape" Siriusly, you've never heard that?Quote:
Originally Posted by nisvan
I'm watching golf, having a drink, and feeling OK about my investment.... for now. God, if things go right, I'll consider myself blessed.