If it does happen it will get shorted and brought right back down!
Thanks for the input!!!
Long Sirius ~~~
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If it does happen it will get shorted and brought right back down!
Thanks for the input!!!
Long Sirius ~~~
If the company is in danger of being delisted it will happen IMO.
If it gets delisted and start trading in the OTC then there's 100% probability it will file for BK... So everyone better vote for the R/S, ok ?... - Please be advised that I am against R/S though - ... If it gets approved, at least it will give the company a shot...Quote:
Originally Posted by TSavery
Due to the suspension of the NASDAQ delisting rule, Sirius XM has until thirty days after January 19th of next year, which then they will receive a letter stating they have 180 days (6 months) to get their minimum bid price up above $1.
The delisting, if it happens, won't occur until August of next year. The February and May debts mature before that date, so the refinancing is the priority issue here to be addressed. Do not worry about the reverse split now, it's mainly for reassurance to possible creditors giving refinance.
What everyone here fails to realize is that there is an entity, whether it is GS, Mel, Leon Black or all of them, that is intentionally keeping the pps at these levels. This is blatant stock manipulation. What is their motive? It is to wipe out the current shareholders. Why won't anyone here believe this scenario? I am kind of disappointed that Tyler still will not focus or discuss this possibility. I spoke to IR today, they sounded very,very morose. Do you know that the value of all the current sats both in the sky and on the ground have more value than the current market cap of SiruisXm. Wake-up!
Tell you what: Give me the proof you have of this allegation, and I will start researching it for a possible article. If you do not want to post it here publicly (which I would not understand, since you are wanting to publicize the fact) feel free to send me all the proof you have via Private Message.Quote:
Originally Posted by SiriusXMInvestor
Thanks
does anybody know when mel will try to refinance again ?
According to the 10Q and all of the speaking engagements he has had, he is "actively talking" to financiers in order to refinance the existing 2009 debt "sooner rather than later". An announcement could come at any time... or not at all. Who knows. Credit market sucks. If he has to agree to crap terms, he may wait until February in order to try to get better terms.
Newman,Quote:
Originally Posted by Newman
You are extremely naive. Let me ask you something....what is your explanation for the current pps? How can a stock be trading below its material value?
Hey, I have no explanation. Like I said, send me some proof of what you are saying and I'll write an article. I do not write about things in which I have no proof. Send me proof, and I start writing.
Here is a potential explanation: The stock is priced for REORGANIZATION, not bankruptcy. If the company files for bankruptcy, the debt holders get paid off first. If the material value is not enough to pay off the debt, then the shareholders get nothing. Of course, this does not take into account "intangible assets" which would include the spectrum, which is said to valued at atleast 3.2 billion I believe it was. In total bankruptcy, this spectrum would be sold off (with the approval of the FCC), and then any left over funds would go back to the shareholder. This almost NEVER happens.Quote:
Originally Posted by SiriusXMInvestor
HOWEVER: That would be in bankruptcy. If they reorganize, of couse they cannot sell off their satellites and the spectrum, because then they would be out of business. Thus, if they reorganize, the shareholders get left with JACK, the debt holders get repaid the some of what they were owed, and the company comes out with new shares and sells them for financing.
THAT is how the common stock and be priced lower than material value of a company. Look at the company bonds: They have always remained valuable and a good trade, while the common stock plummets.
:annoyed: <--- maybe this is how Mel should've acted toward his marketing department when he took over as CEO.
:peeping: <--------- this is how he's been since the merger.
:argue: <----- these are two thoughts sitting on my shoulders.
" buy more ! " " greedy bastard ! "
Here is the statement given by NASDAQ regarding the suspension of the $1 bid requirement...
"United States and world financial markets have faced unprecedented turmoil recently with the number of NASDAQ-listed companies trading below $1.00 per share increasing from 64 on September 30, 2007, to 334 on October 9, 2008. NASDAQ believes this temporary suspension will help restore investor confidence and allow companies to focus on running their businesses, rather than satisfying market-based requirements that are largely beyond their control in the current environment"
I just did a search of companies still under $1 and the number as of today is 261. That is still a very large number with approximately 40 days until NASDAQ revists this. I believe that if the number under $1 remains over 200 of their listed companies -- then they will extend the suspension for another 3 months or so beyond January 19th.
Furthermore, with two (2) 180-day compliancy periods, Sirius is still over another year away from being "delisted".... which pushes it into 2010.
And finally... if they are "delisted" they are not kicked out of NASDAQ to the pink sheets, or whatever... Sirius is already qualified for the smaller NASDAQ "National Market" (they're current on the "Capital Market"), if they so choose.
This whole issue with the delisting... it's not that it is overblown -- it's just very largely misunderstood.
And FWIW, if NASDAQ extends the suspension of the requirement -- I believe it will be doubtful that Sirius will RS in the CURRENT situation.
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[QUOTE=homer985;7581]Here is the statement given by NASDAQ regarding the suspension of the $1 bid requirement...
We know the rules but no matter what they do, they need to get their act together before they get delisted, IF they are notified by NASDAQ.
They have a year for this one...
I know that once they get delisted - IF they get delisted which is what they are trying to avoid at all costs, EVEN OURS (OTC, Pink Sheets, the national market, etc... ARE NOT the NASDAQ and they know it) - things will start snowballing towards BK, which will be even worst...
Still, I feel there are plenty of similitudes with the TITANIC...
So, you are :confused:, and you do not know if you are :scared: but I know you are basically :out: therefore why don't you act :cool: and wait for the shareholders meeting before doing anything, uh ?Quote:
Originally Posted by Greenland
you hit the nail on the head. good thing for me i saved loads of money after spending my happy hours at home with the xbox instead of bars dor the last 2 years and i managed to save money. now i'm trigger happy on a few of my stocks , except this one.Quote:
Originally Posted by Siriusowner
First a correction on my part -- Sirius already trades on the National Market... but if they do not meet the requirement for continued listing, they could get dropped down to the Capital Market on NASDAQ.Quote:
Originally Posted by Siriusowner
Regardless, I'm not arguing with you or your point -- but I do have to make a factual correction to your post. The NASDAQ Capital Market is very much NASDAQ and there are hundreds of companies on it, that most would not even realize the difference between the two.
Here's a couple examples -- looking at them, most would never know that they trade on a different part of NASDAQ...
http://finance.yahoo.com/q?s=AXAS
http://finance.yahoo.com/q?s=NPLA
Anyhow, this gets way off the point here... I'm not arguing over the intent in this thread -- just keeping it factual.
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I have covered several aspects of what is happening with this equity. However, while this stock does appear to be heavilly manipulated, there is no "smoking gun" as to who it is and why. Everyone has seen the closes get painted, everyone has seen the odd duck trades.
What has been transpiring could have an explanation as simple as.....There are people who know they can profit from it. While it seems simple, go to your nearest wholesale club on a sunday morning. Watch the AARP aged people walk in and eat from each and every sample tray. They spend $4.00 in gas to get $1.00 worth of free samples. How did the crowd get so big? One person told another, who told another.
Look what happened to oil. It kept going up. People just kept jumping on it.
Isthere an intent to wipe out shareholders by the company? I'll say this, if there is, a class action will happen.
Mel has serious money riding on shareholder value appreciating. Not only with his own shares, but with 30,000,000 option shares. There are many factors at play here, but as yet I can not subscribe to the company going bust onpurpose.