Sirius Weekly Thread Week of 11-23-09

Good Morning Everyone :sunny:

Thanksgiving week, and my time to reflect on things I have to
be grateful for.
One of them is this site, and my friends here. A great place
where I can learn as well as have fun. Thank you guys. :)

Enjoy

Ya know something?

I want the R/S!

Know why?

MARGIN!

But if they do it . . . they better go big . . like 30:1

Anyone in this equity right now is totally unleveraged.

Speculative buying is fueled by MARGIN.

Any short play after the reverse will be short-lived and purely manipulated to scare-out retail investors . . metrics are improving across the board . . no win game for shorts.

Quote:

---

Originally Posted by Sirius Roadkill

Ya know something?

I want the R/S!

Know why?

MARGIN!

But if they do it . . . they better go big . . like 30:1

Anyone in this equity right now is totally unleveraged.

Speculative buying is fueled by MARGIN.

Any short play after the reverse will be short-lived and purely manipulated to scare-out retail investors . . metrics are improving across the board . . no win game for shorts.

---

Absolutely agree SRK. A reverse split would get the price up to wear more people may be interested in our stock again. I have over 200K shares now and I would be just as happy with 15K at the right price.

I hope BM won't mind my lifting this excerpt from his Jim Cramer story:

"Perhaps Mr. Cramer should make a “concerted effort” to run his own company, TheStreet.com, which has failed to file its second quarter 2009 and now third quarter 2009 reports with the Securities and Exchange Commission and faces its own delisting problems as an accounting investigation of the company continues and as its executives are leaving the company in droves. But then again, he is Jim Cramer, and SEC regulations are apparently of no consequence to him."

Quote:

---

Originally Posted by candleman

Absolutely agree SRK. A reverse split would get the price up to wear more people may be interested in our stock again. I have over 200K shares now and I would be just as happy with 15K at the right price.

---

Welcome back Chuck . . Socal's been looking for ya . . . all kinds of jokes about your wick burning out (lol)

Best reason to BUY now:

http://link.brightcove.com/services/...id=49620165001

“‘The broker ****ed us, big time!’

“‘The eighth offering was fading when we called,’ Mark explained.

“Jim bit down on his lower lip as his hands clench into fists. He leaned forward to get closer to Mark, and started banging on the top of his monitors. The crown of his balding skull reddened as he yelled at the top of his lungs in a high-pitched whine.

“‘I told you they ****ed us! ****ed us, ****ed us, ****ed us!’

“‘Listen to me.’ With piercing eyes Jim scanned our sober faces. ‘This is not some ****ing joke!’ he screamed, spit flying from his mouth. ‘We are at war. We are in a foxhole.’ He flung out his hands. ‘Everyone out there is the enemy!’

“Mark nodded to show Jim that he understood. That wasn’t what Jim wanted. He started smashing his phone over and over on the desk in front of him. He lifted a monitor and heaved it like a shot put. After flying several feet, it shattered on the floor.”

Quote:

---

Originally Posted by julietoo

Can't make out your message.
Just what are you trying to say?

Julie

---

Yea, I'm wondering the same thing....

Hey, my wick is burning up and I can't figure anything out....:googley:

Thomson Reuters as of 11/19
"Outperform"
Value Catch-up Component: "Very Positive"

S&P as of 11/21
"3 Stars - Hold"
12 Mo Price Target: $1.00
Technical Indicators: "Bullish"

Jaywalk Consensus as of 11/18
"2.79" (Hold leaning toward Buy)
Composite of 14 Independent Analysts (oxymoron - no such thing)

Market Edge as of 11/20
"Neutral from Avoid"


P.S. If Jim Cramer is so smart . . . how come he shuns a 10 cent gain on a 50 cent basis . . . how the hell did that guy get through Harvard?

Yes, I know . . it's Motley Fool . . but hold your nose and take a look anyway:

http://www.fool.com/investing/genera...ays-fatal.aspx

Stock
Date of Reverse Split
Return Since Reverse Split

Palm (Nasdaq: PALM)
Oct. 15, 2002 (1-for-20)
633%

priceline.com (Nasdaq: PCLN)
June 16, 2003 (1-for-6)
347%

Laboratory Corporation of America (NYSE: LH)
May 4, 2000 (1-for-10)
330%

Corrections Corporation of America
May 18, 2001 (1-for-10)
483%

Brightpoint
June 27, 2002 (1-for-7)
1,788%

Quote:

---

Originally Posted by Sirius Roadkill

Stock
Date of Reverse Split
Return Since Reverse Split

Palm (Nasdaq: PALM)
Oct. 15, 2002 (1-for-20)
633%

priceline.com (Nasdaq: PCLN)
June 16, 2003 (1-for-6)
347%

Laboratory Corporation of America (NYSE: LH)
May 4, 2000 (1-for-10)
330%

Corrections Corporation of America
May 18, 2001 (1-for-10)
483%

Brightpoint
June 27, 2002 (1-for-7)
1,788%

---

5 companies , 3 - no ones ever heard of. whats the sample size?
yes, i understand you're trying to quell fears. but we have not had a profitable Q ,half or year. not yet anyways. the economy is in the dumper. i am very bullish on this company but dont think for 1 sec it will be doing a R/S into strength. the stock is moving fine and will have a better return without a r/s than any of those. am i worried about being delisted? when that bridge comes i'll cross it, otherwise R/S is BAD NEWS that will be treated as such.

and if anyone says we are doing r/s into strength is dillusional. the R/S issue is regarding the nasdaq compliance and being FORCED to get the price over $1. wheres the strength in that?

Hey Bass

I hear your concerns . . just saying that

1.) many companies that R/S are already suffering from deteriorating metrics/fundamentals and would have suffered further price erosion with or without the R/S . . Siri's fundamental metrics are improving.

2.) the ability to "margin" is essential fuel for speculative buying; look how the price erosion accelerated in Q3 '08 due to margin calls going unmet.

But the obvious problem that is exemplified by your post is PSYCHOLOGY . . there is no convincing a large number of investors that R/S's are not automatically catastrophic . . so we are our own worse enemy . . many here have already expressed their intent to sell ahead of the R/S and buyback later . . effectively shorting the stock and creating a self-fulfilling prophecy . . . . . knock yourselves out . . I know you'll be back to say I told you so . . could care less.

$1,000,000,000 in FCF in 5 years is $1,000,000,000 in FCF regardless of R/S . . . but dyodd . . I am not a short term trader. Goldman Sachs can rot in hell before they will pry away my shares from my clinched fists . .

In the end, however, I do believe Mel will get a special exception from NASDAQ . . as the $1.00 rule is clearly arbitrary . . but if he doesn't . . I'm not losing any sleep over it . . the stock will eventually trade relative to its earnings!

Quote:

---

Originally Posted by bassmaster

5 companies , 3 - no ones ever heard of. whats the sample size?

ha, have seen a lot of tickers on Market Watch thread no one's ever heard of . . . more important question is what was the direction of fundamental metrics of the vast majority of those companies faced with R/S

yes, i understand you're trying to quell fears.

True. Probably an impossible task unfortunately

but we have not had a profitable Q ,half or year. not yet anyways.

True if considering backwards-looking analysis TTM . . I am looking FTM or future earnings . . . I am also factoring-in "1 time charges" to get a clearer picture of the company's true fundamentals.

the economy is in the dumper.

The economy is recovering . . the glass is half full

i am very bullish on this company but dont think for 1 sec it will be doing a R/S into strength.

All fundamental metrics are improving across the board . . . merger synergies still being realized . . . that is strength.

the stock is moving fine and will have a better return without a r/s than any of those.

The stock is NOT moving fine! The stock is range-bound . . the future return to investors will be based on future earnings . . . which are growing.

am i worried about being delisted?

We will NEVER be delisted! We will either get a special exemption/exception from NASDAQ taking total market cap into account or we will R/S

when that bridge comes i'll cross it, otherwise R/S is BAD NEWS that will be treated as such.

This is why my efforts to quell fears will be entirely unsuccessful. Market psychology. I am simply trying to make the counterintuitive argument here . . I wish someone had made the counterintuitive argument to me when the merger was announced. Nope, that was universally hailed as GOOD NEWS!

---

gltawyt . . . dyodd . . . hopefully this discussion will be moot

Good Morning :sunny: Happy Thanksgiving

Bumping thread.

Although my post count is looking good, this is really annoying.

Quote:

---

Originally Posted by Sirius Roadkill

Hey Bass


In the end, however, I do believe Mel will get a special exception from NASDAQ . . as the $1.00 rule is clearly arbitrary . . but if he doesn't . . I'm not losing any sleep over it . . the stock will eventually trade relative to its earnings!

---

I disagree with this because what Mel is saying and asking for makes absolutely no sense. To prove this lets try to follow the logic here.


Mel is going to ask NASDAQ to forgo the PPS because of their market cap. He has to convince them, that look we may have a low PPS but look we have a 2 billion market cap and to delist us makes no sense.

The NASDAQ says OK mel I see your point to a point but you have to understand you just showed your problem for what it is. You say you have a huge market cap but a low PPS right, so the clear fix to that is you do a reverse split. You clearly have way to many shares outstanding and therfore should do a RS to take care of the problem.


For me the answer is clear and I would bet that if SIRIXM is not above a dollar by at least Jul or Aug (because they already have what the NASDAQ requires to have for an extention) then they will have to do a RS and that is going to be the only way they dont have do a RS.

"I love Mel Ha Ha Ha" - John Malone

http://www.cnbc.com/id/15840232?video=1340836052&play=1

Quote:

---

Originally Posted by john

I disagree with this because what Mel is saying and asking for makes absolutely no sense. To prove this lets try to follow the logic here.


Mel is going to ask NASDAQ to forgo the PPS because of their market cap. He has to convince them, that look we may have a low PPS but look we have a 2 billion market cap and to delist us makes no sense.

The NASDAQ says OK mel I see your point to a point but you have to understand you just showed your problem for what it is. You say you have a huge market cap but a low PPS right, so the clear fix to that is you do a reverse split. You clearly have way to many shares outstanding and therfore should do a RS to take care of the problem.


For me the answer is clear and I would bet that if SIRIXM is not above a dollar by at least Jul or Aug (because they already have what the NASDAQ requires to have for an extention) then they will have to do a RS and that is going to be the only way they dont have do a RS.

---

The eloquent logic of your post proves my point precisely!

THE $1.00 LISTING REQUIREMENT IS COMPLETELY ARBITRARY!!

why not $0.99?
why not $1.01?

And moreover numbnuts . . . what business is it of the NASDAQ to tell a Company how many shares they should have? That should be an internal corporate decision reached between Company Executives, the Board of Directors and the Company's Shareholders.

So frick you dipwad

and Ho, Mel beat DOJ and FCC . . . NASDAQ will be a cakewalk

Quote:

---

Originally Posted by julietoo

Good Morning :sunny: Happy Thanksgiving

Bumping thread.

Although my post count is looking good, this is really annoying.

---

Yes you could say that about the annoying part. its in your power to stop. i know you can do it.:)