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  1. J56D is offline
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    Joined: Jul 2008 Posts: 173
    02-10-2009, 08:32 PM #151

  2. stang3O2 is offline
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    Joined: Nov 2008 Location: Indy/LA/chi/ny Posts: 422
    02-10-2009, 08:40 PM #152
    I am freakin out what is happening? I'm at the grocery and have limited internet

  3. trippingthespeculatingpos is offline
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    Joined: Dec 2008 Location: San Antonio Posts: 2,884
    02-10-2009, 08:43 PM #153
    ny times just reported that siri is planning on filing bk so price is tanking.

  4. Siriusowner is offline
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    Joined: Nov 2008 Location: The Oil Patch, Texas Posts: 922
    02-10-2009, 08:53 PM #154
    Wow, nice drop. I said last night y'all shouldn't be buying this week, anyone bought more shares this week ?

    Do not get in if you are not in already. The Wall Street rule "buy the rumor" does not apply in this case. Probability of BK: Very High.

  5. J56D is offline
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    02-10-2009, 08:57 PM #155

    If It Happens

    With more than $5 billion in assets, Sirius would be second-largest company to file for Chapter 11 bankruptcy protection so far this year, according to the research firm Capital IQ’s database. The Smurfit-Stone Container Corporation, which had more than $7 billion in assets when it filed in late January, was the biggest so far.

    Imagine that: $5 billion in assets plus the monthly subscription receipts and they are ready to file bk.

    Way to go Mel.

  6. ray is offline
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    Joined: Dec 2008 Location: caldwell id Posts: 440
    02-10-2009, 08:58 PM #156
    relax how does that work there is infrastructure involved

  7. Siriusowner is offline
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    Joined: Nov 2008 Location: The Oil Patch, Texas Posts: 922
    02-10-2009, 09:00 PM #157
    .06 AH. That's a BK pps. All they have to do now is file it.

  8. J56D is offline
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    02-10-2009, 09:02 PM #158
    After Hours
    Last: $ .062 After Hours
    High: $ .115
    After Hours
    Volume: 16,183,911 After Hours
    Low: $ .06

    After Hours
    Time (ET) After Hours
    Price After Hours
    Share Volume
    19:59 $ .062 100
    19:59 $ .063 3,000
    19:59 $ .062 14,900
    19:59 $ .062 20,000
    19:59 $ .062 4,000
    19:59 $ .062 1,500
    19:59 $ .0612 10,000
    19:59 $ .0611 50,000
    19:59 $ .062 11,600
    19:59 $ .064 6,000

  9. Siriusowner is offline
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    02-10-2009, 09:03 PM #159
    Quote Originally Posted by ray View Post
    relax how does that work there is infrastructure involved
    Secure creditors get all that. Senior bond holders are next in line. Then bond holders and at the end un-secured creditors and last, shareholders. Shareholders are wiped out.

  10. dave99 is offline
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    Joined: Nov 2008 Posts: 28
    02-10-2009, 09:11 PM #160
    Saw this on the Fidelity website, so can't link to it in my account. I saw one posted here for 2/23 so not sure what is correct. Anyways a sad evening so far. Hoping for a miracle tonight or maybay tomorrow.


    4th Quarter 2008 XM Satellite Radio Earnings Release (expected)
    5:14 p.m. 02/06/2009 Provided By CCBN Street Events


    XM Satellite Radio is expected to announce 4th quarter 2008 results on or aroundFebruary 16, 2009.