FYI, Do not forget its a 3 day weekend for the market due to MLK day. January 20, 2014, market closed. Today, AH would be a good time to release a counter offer. Gives the street plenty of time to digest. I guess we will know when we know. Welcome to the Mushroom Club. They keep us in the dark and feed us shit!
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Originally Posted by pjgourley
PJ is on FIRE this morning! :joker:Quote:
Originally Posted by pjgourley
Yep, surprising what you can find at the bottom of a Kracker Jack box.
3.70!!!! Wooooohoooo
$3.71 Yay!!!
3.73.....ah..ah...ahhhhhhh!!!
http://www.youtube.com/watch?v=kcsP9gLNHp8
FUMALONE!!:poop:
Maybe TheDog will keep it up with a HOTTY instead of going limp......with MMPORN
http://www.youtube.com/watch?v=9JhsUFuqbCM
....uh>>>>>>>>>FUMALONE
Volume still, relatively, light
Was PJ right in his assessment that 'they' need to take the sp up now cuz all the panic selling has ended (paraphrasing PJ)?
Yes, I contacted them, told them deal stinks and Malone is doing this for reasons that are not good for Sirius shareholders.
How about some support MEYERS/committee !!!!....get off your a$$ and give us a counter#
http://www.youtube.com/watch?v=qK5L84lVkqE
uh>>>>>>FUMALONE
LMCA market cap today is $15.68 Billion
Sirius XM market cap today is $22.79 Billion
If Liberty owns 52% of Sirius XM, that would be $11.8508 Billion which is about 75.579% of Liberty's market cap
Without Sirius XM, Liberty would only be worth $3.8292 Billion
So Malone is saying that the part of Sirius XM he does not own is worth only $10.84 billion according to the .076 ratio
I really need to wrap my brain around this.
PJ, you also need to include the 9.9 million LMCB shares (about 95% owned by Malone). As of today ($136.23 per share), they are worth about $1.3455 billion. So, LMC in total is only worth about $5.1747 billion without SIRI; which means SIRI equates to about 70% of LMC.Quote:
Originally Posted by pjgourley
Also, the .076 ratio applies to the number of SIRI shares that will be needed to convert into one share of LMCC, not to stock price or share value. It may loosely translate to dollars, but only the .0253 ratio applies to share price (i.e., based on LMCA's closing share price of $137.32, each SIRI share is valued (de-valued@!#) at $3.474). Hope that helps.... I know it didn't help me understand this any better!
But aren't the B's like preferred? I think B's derive their value from A holdings.
Both LMCA and LMCB are separate classes of common stock and they both count towards Liberty Media Company's (LMC) total diluted share count/market cap. I believe the LMCB shares were given to Malone in the Starz spin off. He can convert them into LMCA shares, and vice versa, whenever he wants to. Think of each LMCB share as a preferred share which is GAAP-required to be included in diluted share count and company valuation models. BTW, each LMCB share counts as 10 LMCA votes - talk about your super charged voting influence....Quote:
Originally Posted by pjgourley
Also, go to the Liberty Media 3rd quarter 10-Q, Consolidated Balance Sheet section on stockholder's equity. It lists Series A, B & C common stock. There are 2 billion C series shares authorized, but none are outstanding or issued as of 9/30/2013. This proposal appears to represent the first time they will come into play. The balance sheet is ready....
me too PJ! Love Apple's ecosystem! They make the best products!
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Originally Posted by pjgourley