Results 1 to 6 of 6
  1. RickF is offline
    RickF's Avatar
    Joined: Oct 2008 Posts: 187
    11-07-2008, 10:15 PM #1

    Homer - Morgan Stanley Theory???

    Originally Posted by homer985
    Fair Disclosure

    Requires full disclosure of material information to all investors at the same time. I'm surprised no one is picking up on this... Sirius telegraphed pretty clearly what is going on here. Read this statement again...

    "The company is in discussions with several financial institutions regarding a financing to replace its 2-1/2% Convertible Notes due 2009. In connection with these discussions, the company is releasing the material elements of its five-year operational and financial forecast."

    If the company is in discussions with a lendor who is also an equity investor, and they request Sirius' 5-year projections on estimates -- then be law (REG FD) they must release this information to all investors at the same time.

    So there is your answer... one of the investors Sirius is in discussion with is already an investor, so they had to make this filing public. And now that it is complete, they can presumably complete the negotiation to refinance the debt -- assuming the lendor is still interested.

    I still believe that this $250 million outstanding will be refinanced.

    REG FD is the key here... no one picked up on it.


    Newbie here again! Could this help substantiate a "Morgan Stanley" type theory?? Sure would be nice if there was a way to find out if MS is acquiring shares at this low sp! Perhaps it is MS that is manipulating - just wondering!

    Thanks for everyones help on this board!!!
    Last edited by RickF; 11-07-2008 at 10:44 PM.

  2. SiriusHope is offline
    SiriusHope's Avatar
    Joined: Oct 2008 Location: Las Vegas Posts: 515
    11-07-2008, 10:58 PM #2

    It boggles my mind how we can trade 215,592 pre-market and 45,825,900 shares today and 813,222 shares after hours and finish unchanged. Thatís amazing manipulation!!! And that might be MS creating that flatline to buy up more and more like homer's theory suggests.

  3. RickF is offline
    RickF's Avatar
    Joined: Oct 2008 Posts: 187
    11-07-2008, 11:09 PM #3
    Hi Siriushope! I am thinking that Homer might just have it! Know of anyway to find out if MS is buying??

  4. jmm232 is offline
    jmm232's Avatar
    Joined: Apr 2008 Posts: 206
    11-08-2008, 01:03 AM #4
    Anyone want to comment on some new holdings at MFFAIS

    One in particular jumps out at me:
    Vanguard Group Inc Institution 0.00 % 2008-11-06 81,317,278 $21,142,492 $0 0.00 % Added More 81,164,684 53189.95 % $0

    $21,142,492 / 81,317,278 = $0.25999 / share

    The new holdings on the site with zero cost represent approx $23,835,100.

    Any thoughts on what these new reported holdings are?

  5. GetItStraight is offline
    GetItStraight's Avatar
    Joined: Sep 2008 Posts: 61
    11-08-2008, 10:50 AM #5
    This is just my opinion so take it for what it's worth but mutual funds usually have a very long outlook on the stocks it holds, like 3-5 years. When a mutual fund initially acquires stock in a company it will do so by determining how much a position they want to take in that company and then start buying in pieces so they can average down or average up, whichever it might be.

    If the fund is an actively managed fund such as the ones you have listed their goal is to either meet or beat their benchmarked index. With all indexes being down sharply they have flexibility to continue to add to their positions in order to get their cost basis down as low as possible (similar to what we are all trying to do).

    All of this doesn't mean that they have an "inside" scoop on the company. The company can still BK or RS negatively impacting their investment as well. They just have oodles more money than the normal retail investor so their holdings just make them look like they know more, but usually they don't.

  6. dnay1969 is offline
    dnay1969's Avatar
    Joined: Aug 2008 Posts: 57
    11-08-2008, 05:22 PM #6
    yeah just like the news we got about the awesome debt financing at the merger. Cramer knew it before any of us did. Wonder how that is.**cough** GS.