Are you buying, selling or holding?

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02-16-2009, 02:12 AM
Demian

Quote:

Are you buying, selling or holding?

I'm puking......
02-16-2009, 02:59 AM
m4svt

Quote:

Originally Posted by Demian

I'm puking......

haha tell me about it.
02-16-2009, 02:59 AM
billhart22

Quote:

Originally Posted by Demian

I'm puking......

Funny, except that I know that you are being totally honest...hang in there Demian.
02-17-2009, 12:50 AM
m4svt

so i've gathered about a grand... i'm up in the air on putting it in my checkin and making a deposit in scottrade tomorrow to buy more siri after the news... what says you!?
02-19-2009, 10:03 PM
m4svt

bought more today at .136+, i own more than 67,000 now.
02-19-2009, 10:37 PM
Hopeful

How are you feeling about SIRI right now M4svt? Obviously bullish if you bought more, are you expecting positive news from the Q4?
02-19-2009, 11:11 PM
m4svt

Quote:

Originally Posted by Hopeful

How are you feeling about SIRI right now M4svt? Obviously bullish if you bought more, are you expecting positive news from the Q4?

I have mixed feelings about it, but at the same time I think it will be up later on this year (say $1 Dec '09 target, to potentially avoid a RS). So I'm averaging down, so I can turn a profit. Obviously if we were going to go bankrupt, it would have happened already. We're still trading at BK prices (circuit city's last trade was 10 cents), so I think it can only go up from here. I am unhappy about the 40% to liberty, but it beats BK so... Plus, wishful thinking says Mel may talk his way into getting better terms from someone else before mid April, and maybe we don't dilute at all!:D This guy is a G, the way he had both DTV and DISH making offers when nobody is lending money, especially to a company with 20 year history and no profits... And honestly I think Q4 may suck, its sucked for car companies, so it should probably suck for us.
02-19-2009, 11:14 PM
Hopeful

Thanks for the opinion m4svt!
02-19-2009, 11:20 PM
xitvp

Quote:

Originally Posted by m4svt

I have mixed feelings about it, but at the same time I think it will be up later on this year (say $1 Dec '09 target, to potentially avoid a RS). So I'm averaging down, so I can turn a profit. Obviously if we were going to go bankrupt, it would have happened already. We're still trading at BK prices (circuit city's last trade was 10 cents), so I think it can only go up from here. I am unhappy about the 40% to liberty, but it beats BK so... Plus, wishful thinking says Mel may talk his way into getting better terms from someone else before mid April, and maybe we don't dilute at all!:D This guy is a G, the way he had both DTV and DISH making offers when nobody is lending money, especially to a company with 20 year history and no profits... And honestly I think Q4 may suck, its sucked for car companies, so it should probably suck for us.

I am hoping and praying we generate enough momentum to get to a $1 without the R/S as well. That would defeat the purpose of trying to accumulate as much as possible at these levels. I sort of get the feeling that Mel has a trick up his sleeve. Not sure what it is yet, but hopefully it has something to do with getting better terms......
02-19-2009, 11:34 PM
Hughes

I bought another 1200 shares today. I now have 14,279 shares at an average of .55 and will continue to buy as long I still believe in this company. Right now, I still believe. Call me crazy if you want.
02-19-2009, 11:49 PM
sxminvestor

I believe the earnings will wind up being on Thursday 2/26 prior to the market opening and I would bet that Mel would love to pull off better financing by then and I wouldn't put it past him. I'm not holding my breath on that because he has plenty of time to get the term-loan for May extended or raise the cash by getting a new loan.

Let's look at the hurdles surpassed and I'd say 1 & 2 were the toughest:

1) Merger would never get approved - Mel proved critics wrong.
2) February convertibles - Mel proved the critics wrong.
3) May Debt 350M - Mel will handle without issue and without dilution in my humble opinion.
4) December is 45% handled already, just the 225M that Ergen holds.

Mel could unwind Phase 2 of the Liberty deal and avoid the preferred share/common share 40% dilution. He has time and may just pull it off -great that he could cut a deal that has that option. I think Malone is a businessman 1st, but a good friend of Mel's to give him this lifeline. He did not have to.
02-20-2009, 01:19 AM
m4svt

Quote:

Originally Posted by Hopeful

Thanks for the opinion m4svt!

no problem
02-20-2009, 01:32 AM
m4svt

Quote:

Originally Posted by xitvp

I am hoping and praying we generate enough momentum to get to a $1 without the R/S as well. That would defeat the purpose of trying to accumulate as much as possible at these levels. I sort of get the feeling that Mel has a trick up his sleeve. Not sure what it is yet, but hopefully it has something to do with getting better terms......

I really think Mel will be working his ass off from now til April 15th trying to get better terms from someone else (why would they have included it in there if he wasnt?). I really don't trust Mel on the RS, with 1 for 10~50... I really hope they don't split it but it may be just too many shares for his blood. Plus over $5 might attract some institutions, as well as the shorts lol.....
02-20-2009, 01:33 AM
m4svt

Quote:

Originally Posted by Hughes

I bought another 1200 shares today. I now have 14,279 shares at an average of .55 and will continue to buy as long I still believe in this company. Right now, I still believe. Call me crazy if you want.

i'm with you!
02-20-2009, 01:34 AM
m4svt

Quote:

Originally Posted by sxminvestor

I believe the earnings will wind up being on Thursday 2/26 prior to the market opening and I would bet that Mel would love to pull off better financing by then and I wouldn't put it past him. I'm not holding my breath on that because he has plenty of time to get the term-loan for May extended or raise the cash by getting a new loan.

Let's look at the hurdles surpassed and I'd say 1 & 2 were the toughest:

1) Merger would never get approved - Mel proved critics wrong.
2) February convertibles - Mel proved the critics wrong.
3) May Debt 350M - Mel will handle without issue and without dilution in my humble opinion.
4) December is 45% handled already, just the 225M that Ergen holds.

Mel could unwind Phase 2 of the Liberty deal and avoid the preferred share/common share 40% dilution. He has time and may just pull it off -great that he could cut a deal that has that option. I think Malone is a businessman 1st, but a good friend of Mel's to give him this lifeline. He did not have to.

Agreed!!!!
02-20-2009, 01:37 AM
Hopeful

IMO... If Mel issues the RS, the shorts will take us right back down! It would be nothing but bad, IMO the RS will kill this stock! Guaranteed!!!

On that note, would we get any warning before the RS is issued. I would like to sell before the RS, that's if it happens of course!
02-20-2009, 02:41 AM
m4svt

Quote:

Originally Posted by Hopeful

IMO... If Mel issues the RS, the shorts will take us right back down! It would be nothing but bad, IMO the RS will kill this stock! Guaranteed!!!

On that note, would we get any warning before the RS is issued. I would like to sell before the RS, that's if it happens of course!

Agree w/ ya 100%

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