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True, but like you say a lot of that was panic selling by lots of people. Once word hits the Street that ONE buyer is accumulating large chunks of shares the price would skyrocket. You can't just buy the entire float in one fell swoop.Quote:
Originally Posted by mogami
Hi, I don't think 1 buyer can get the entire float without filing with SEC. But they still could have gotten a large chunk from the panic.
Then they say they intend on going private after BK reorganization and the panic starts all over.
Listen any group who could handle 2009 debt would make a huge profit off Sirius by going private. They would hold the debt
888's..Quote:
Originally Posted by john
We're basically on the same page. I think you know I wouldn't advocate just giving away 40% of the company if it weren't absolutely necessary..which in this case it was. I'm just saying since it was, and under the terms it had to be...SIRI has gotten the best they could hope for in a partner for now and the future. Who better could they have had invest in them? In that respect I like the deal. Not the actual figures...I liken this deal to the gov (us) investing in GM. Keeps them out of BK, and enables them to keep their main structure in place while they keep reinventing the biz internally. But to the consumer, it keeps things in tact an avoids a Lehman-like ripple...I say well worth it. And just today they have annouced they don't need the March $2B cause their cost cutting has started to take effect...so, so far so good.
888's...Quote:
Originally Posted by sl62
Besides what's wrong with smoking a little crack once in a while?... :pimp: LOL
Nice dudes.. God doesn't .19 look good?? I'm telling you...the shackles are now oficially off this company and the trends will be higher towards the right correction away from BK. And the market will decide just where that is. I say right now it's .25 - .30. IMHO this is no time to be selling... :sunny:
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Originally Posted by sl62
OK that we agree on then.
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Originally Posted by sl62
That was good for a laugh I liked it.
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Originally Posted by sl62
I told relmar not to gamble here. Then again watch it tank. I dont know where he has settled at. I have seen him post 3/4 position then a little later full position then a little later he was back to 3/4 position. I hope he didnt get screwed then again tuff I have been screwed by this Mother Fer for the last 3 years. WHAT HAPPEN TO THE GOOD OLD DAYS WHEN A MAN COULD MAKE 500% ON AN INVESTMENT IN THIS BITCH
John,Quote:
Originally Posted by john
I think those days are definitely gone unless you own at the bottom recently and are holding long term, Don't get me wrong, still plenty to be made trading...but not with the volatility there was prior to this last couple of months.
Quote:
Originally Posted by asm610
To be honest I will just be clad to get the extra I through in every time I said thats it I not buying anymore, plus if it would not be to greedy my original investment I tossed back in after expending the profits (THAT I HAD ALREADY PAID TAXES ON) by putting those back in this stinking pig. Is that asking for to much? I dont think so.
20% is not to shabby gentlemen. I might unload 10k just to have some cash.
Volume is nice. This could snap through .30c in the next few days. Market sentiment might actually be on our side. What could an analyst say now? They threw everything and the kitchen sink at us and guess what? We are still standing. Today is a good day, didn't even have to use my AK.
John,Quote:
Originally Posted by john
I understand and agree for you and others in your position I hope it works out. I myself made money ...good money, on purchase and then sale when stock went to 9 bucks a few years ago...but this last time they got me good, and I held and held....all the while hoping things would reverse.....then I just started adding to my position over the last 6 months or so where I went to a comfortable avg price for me based on the recent history.
As far as all of this discussion about which deal was best:
If ANYONE took larger than a 50% stake, change of control provisions would have been activated with debt holders, and instantly you would have seen 3.2 billion dollars in debt come due.
Along with change of control, you would have had the FCC jumping down Ergan's, Mel's, and whoever elses throat.
john, I agree with you that the deal SUCKED. Sirius got NOTHING for their 40% of the company excpt a loan.
Tell you what: Anyone who wants to buy a new vacation home, I will loan you the money for the first year in payments, but you have to pay me back with 15% interest. Oh, and I get to use the vacation home 40% out of the year FROM NOW ON, and I get to say when I want to use it. And if you lease or rent it, I get 40% of the profit, because I am a perferred shareholder.
It was rediculous, BUT: I think Mel is probably telling the truth in that this was the best deal for the shareholders because it did not involve BK or change of control provisions or another FCC fiasco.
And for whoever said it, it was NOT about saving Mel's ass. They said the board voted unanimously for the Malone deal. I think it was ALL of their asses.
Zealons...Quote:
Originally Posted by ZealonsUnited
Welcome. Glad you could make it...fyi...for easier viwing of pages go to UserCP up top there and change your post per page to the max (40)