sorry, this is the article i was talking about the bondholders.Quote:
Originally Posted by SiriusXMInvestor
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sorry, this is the article i was talking about the bondholders.Quote:
Originally Posted by SiriusXMInvestor
That article was already posted and discussed earlier in this thread. Homer posted a pretty detailed response to this article and a little background about it's author...Quote:
Originally Posted by SiriusXMInvestor
I don't agree with the article's conclusions, nor do I think we are done...
If the second part of the loan goes through (and I still don't think it will) would it not make sense for Malone to start buying common and start pushing towards that 49.9% max (after the second loan is in the books). The stock is obvioulsy going to be cheaper now than it will in 3 years when Sirius is profitable and even if there is no intention now to become the majority shareholder it would seem to be in Liberty's best interest to have more control now and closer to majority interest when 3 years are up to keep options open. Even with the govt being an issue in 3 years, Liberty could save a lot of money by buying common sooner rather than later.
Where does it say that SIRI doesn't have to pay Liberty back for the "up to $100 Million" of debt and what is up with this "up to 100 Million" crap? If SIRI doesn't have to pay it back, why wouldn't Liberty just buy $1 Million or even $100 dollars instead of the full $100 Million? There is no minimum amount required apparently, but a max of "up to 100 Million"?Quote:
Originally Posted by Newman
I think your theory has merit, but I also think that Malone and Liberty may wait until they are sure that Phase 2 is really going to go through. Mel may just be using this Phase 2 agreement to buy more time and strengthen his negotiating power...by not having his back up against the wall. This pending Phase 2 agreement with Liberty strengthens his negotiations with the bond holders, since Malone and Liberty would be put first in line ahead of the bond holders...Quote:
Originally Posted by Dustyoden
Couldn't agree more. That is exactly what I have been saying. As for Malone buying stock now I should have phrased it better as I meant once the second part of the loan is signed by all parties and in the books then he buys up common to push towards the 49.9%.
What about this scenario?
Malone buys up the common now and then offers SIRI better terms with little to no dilution that replaces the current Phase 2........the stock skyrockets.
....or this scenario?
Mel renegotiates the rest of the '09 bank and bond debt using his current agreement with Malone to help his case. Q4 shows tons of cash on hand. Mel tells Malone to **** off....no dilution and the stock skyrockets.
Sounds good to me.Quote:
Originally Posted by Demian
Me too!!! The April 15th cut off for Mel to back out of the deal would have only been put in place if Mel intended to do so... Am I wrong?