Thanks Dread
Have a great day tomorrow.
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Thanks Dread
Have a great day tomorrow.
You too!!! Yeah depending on what broker you are using, you will get different answers, so I would call to verify/confirm your options. Sorry IQuote:
Originally Posted by just sirius
can't be more specific.
A quick surge in Sirius XM (SIRI)
Posted Feb 10th 2009 7:10AM by Douglas McIntyre
Filed under: Sirius Satellite Radio (SIRI)
Sirius XM (NASDAQ: SIRI) jumped up on news that EchoStar (NYSE: DISH) was buying its debt, probably to try to get control of the satellite radio company. When it did not look like a deal was imminent, the stock backed off.
Trading at $.11, it will probably make another run. It may not last long, but on a percentage basis, it should be a good ride. Some experts are beginning to think take EchoStar will make another debt purchase and that it has no interest in putting Sirius into bankruptcy. "It'd be better for him not to put it in bankruptcy and to buy it as a going concern," said Jake Newman, analyst at CreditSights. There is also a good chance that EchoStar will have to buy most of the Sirius debt coming due this year and next.
If EchoStar is serious about getting Sirius, the next announcement about it moving further along in debt purchases should offer some encouragement to investors.
Where the stock trades now, holders have already given up. It won't take more than modest news to create a brief recovery.
Douglas A. McIntyre is an editor at 24/7 Wall St.
i was just thinking about siri's situation and how weve got people worried about feb debt even though there would seem to be coh to pay if absolutely neccesary. What im thinking is mel is no dummy, he's not gonna just come out and tell the banks and any1 else he owe's that he can pay it off in cash, he only wants to pay in cash if he absolutely has too and is playing hardball, sorta like hey if u dont refinance u will force us into default and then it will be worse for both of us, but all the while hes got the money in his pocket in case he cant get a better deal worked, but he's not even going to show that he has that money until it is the last choice, right now cash is to important to give up without a fight, specially if times get harder. It seem's like siri has been under attack by quite a few media outlets, right now is the perfect time to attack the comapny because mel probaly has to stay tight lipped till all the deal's are done and it's a scary moment with alot of nervous shareholder's who can easily be scared into selling there's stake in the company for pennies. Why would they stop attacking now? They have worked so hard to kill sirius off that it would be dumb for them to stop now at such an important time, overall they will lose but they wont stop fighting till they are finished or sirius is finished, im assuming NAB, who else would it be?
I was just watching the pre market trading and saw a flashing ad for Dish Netw:cursing:ork off to the side. SIRI is trading at 0.1085.
siri might bottom out today then start going up, or it might be stuck in the mud till they announce debt has been taken care of for feb
holy sbhit stern is calling ergen riught now!!!!!!
he left a message!!!
It is unbelievable how the bailout part 2 for the banks and the economy & the Car manufacturers plans are all about due to be announced the same time Sirius Feb Conv are due.Quote:
Originally Posted by trippingthespeculatingpos
It's all coming to a climax soon.
Mel & Gary Parsons may even dip into their own pockets for part of the 175 million to stave off this potential control takeover (if it's even true)
The siriusxm BOD has been through multiple continuing challenges, right from the beginning. Think: Indiana Jones. They have 3 big tests coming up this year. I doubt they're going to fold on this first one coming up in days. They're too battle-hardened. Once you've been in crisis mode over an extended period of time, and have weathered and prevailed over each one, another crisis becomes just another day at the office. I realize this is a non technical analysis - but, as in most things man-made, the human element is the core factor.