SRK,
athewsmay was a joke :p!
Julie,
You are a funny lady!
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SRK,
athewsmay was a joke :p!
Julie,
You are a funny lady!
Short interest down to 72.8 million from 75 million!
http://www.nasdaq.com/aspxcontent/sh...&selected=SIRI
Come on Julie start cheering!
Julie, Julie, Julie.... You have not made enough on SIRI to retire yet. Between your multiple tasks of weather watching, cohosting, and banking, there must be room for cheerleading!
Come on Julie, we need you...;) Give us just a little more rah rah rah. Just enough to get us out of the sixties....then the skies the limit and you can quietly slip into retirement until your fellow Buzzettes need you again.:)
No cheering until after Jan 1 . . . we need to win this contest first!
THEN we will need A LOT of cheering Chuck . . .
cuz after Jan 1, Liberty Media is no longer barred from running a short hedge against their preferred shares . . . why does no one ever talk about this?
God..When is this stock going to make a positive move and do something? Tell me that it already has,( a long time ago)OK,now tell me when it is going to really do something. This stock can't move 1 penny. 1000's of a cent. Give me a break.It's Christmas. Will they advertise or just make a 30 second note of what Siri is trying to do? Howard is a giant in this company. It's evident with the 30 second commercial. Rosie is better. I don't get how this company is even on the market. It better make the dollar or it won't be. Maybe another bailout or buy in that will push it over 1 dollar. What a dead beat stock. Flat as a pancake.
I wonder if it is going to dip into the .50's? :smash:
No way it can continue to hang down here till the end of the month!
Basically Chuck, in accordance with the Investment Agreement & Shareholder Rights Plan, Liberty Media is barred from entering into any hedging transactions until January 1, 2010 . . . commencing on January 1, 2010 Liberty Media is permitted to short the common against their preferred shares.
As I understand it, and someone please correct me if I'm wrong, the premise is the same as with the convertible bonds wherein the holder of the bonds shorts the common to lock-in their return.
In this case, the holder of the "Preferreds" shorts the common to lock in THEIR returns . . .
As to the impact to share price going forward . . too many variables at play to predict with any degree of certainty . . it is, however, a wildcard that should be considered in any investment decision regarding this equity.
Put yourself in the shoes of Liberty Media for a moment and ask what is best for you . . . and remember, you can make a "cash tender offer for all shares not beneficially owned by you after February 2011" . . .