i'm going with retarded:mad:..one step forward two back..Quote:
Originally Posted by relmor2003
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i'm going with retarded:mad:..one step forward two back..Quote:
Originally Posted by relmor2003
Do we see a drop under .18 early tomorrow before rebounding from the shelf news ?
If so, I'm buying more.
Hold on am i reading this right,we paid a 833 sharefee to every $1000 in debt we exchanged for later debt?if it is i'm pissed...
Wolf Child.................. was very busy W/Siri, trying to make some $$$ today, however, have to say that pie bit..................... -ucking hilarious. It was truly good to laugh again. Thanks for that. ..killer.
"subsidiaries, and are secured by a lien on certain real and personal property held by such entities.
In addition, we paid these holders of old notes a fee, per $1,000 aggregate principal amount of old notes exchanged, in the amount of either (1) 833 shares of our common stock or (2) $50 cash, at each Selling Stockholder’s election. We agreed pursuant to the note purchase agreement to file this prospectus to register the Shares for resale."
That would be 143,680,005 shares. Half of which is 71mil. about the number that went acros the board after hours. Did they take half in stock and half in cash? About 8.6mil.
This Prospectus defines the registration (not the immediate sale) of shares connected with the Dec 10% Notes.
>>An indeterminate aggregate initial offering price or number of the securities of each identified class (the “Securities”) is being registered for sale from time to time by the Registrant at indeterminate prices with an aggregate initial offering price not to exceed $1,000,000,000 or the equivalent thereof in one or more other currencies. 37,358,064 shares of common stock par value $0.001 per share of the Registrant are being registered for resale by the stockholders named therein.<<
And the players:
>>Canyon Capital Arbitrage Master Fund, Ltd(2)
Owned Prior3,862,515 * May Be Offered3,656,728 — —
The Canyon Value Realization Fund (Cayman), Ltd(2)
Owned Prior4,695,057 * May Be Offered4,304,755 — —
Canyon Value Realization Mac 18 Ltd.(2)
Owned Prior394,330 * May Be Offered366,444 — —
Canyon Value Realization Fund, LP(3)
Owned Prior1,858,022 * May Be Offered1,701,073 — —
Goldman, Sachs & Co.(4)
Owned Prior48,817,807 May Be Offered27,329,064 — <<
—
The Street doesn't mind this at all. I say this dilution was already priced in. :rolleyes:
.1953/.1999
Looks like I'll be able to buy in below .19 tmr. YAY!!
this is not good,they are selling the shares now because a R/S is coming,they don't want to get caught in it...took half now and rest will be tomorrow or next week..I can't beleive Mel did this,i thought it was a fee of 15mil if i remember plus higher int....A little guessing here,could be wrong,but IMHO.
What else is out there for the other debt.there is more coming.
AH price is still .20 . ..killer.
We closed @ 103M and I now see 176 up there. So who knows. Though I don't think so cause we popped on that load coming through. If so, a non event. I see this as a non-event since it is old news. Are you kidding me? After all that's just gone down? You think they would just wip out another 1B shares to raise more cash?? LOL...Let's see.. they are reporting about 850K shareholders in this Prospectus (up substantially btw since EOY). If they did what I just said, they would have exactly 850K angry A-holes outside SIRIXM Hdqtrs like tomorrow at 08 hundred looking for Mel..LOLQuote:
Originally Posted by buddylee