Hey I tried your link with no results
we are in the same boat thankyou for your help
SIRIUS XM SATELLITE RADIO FORUM
Hey I tried your link with no results
we are in the same boat thankyou for your help
was that bank of newyork melloncorp for 7269279 mil on 02/o9/o9Originally Posted by GTSViper
The site is overloaded. Keep trying as it took me severeal times to get through.
Crazy thought. Bank of N.Y. loaned the money to Sirius and purchased 7m shares today. Or just a crazy ass gamble.
Posted on 2/11/09. I assumed it was a yesterday or today purchase.
"One thought that jumps out at me regarding Karmazin, Ergen and bankruptcy...
Now that there are somewhat credible reports - reported in the WSJ - that Ergen offered to take over the company last year, and is still interested currently... does this not put Karmazin on the hot seat??? If he elects to allow Sirius to go into bankrupcty restructuring that wipes out the current common holders, then does he not put himself, the management and the BOD in a position for a shareholder lawsuit?
Now I'm not going the Hartleib route here -- just noting, that there are credible reports that Sirius "rebuffed" a takeover offer by Ergen -- and that Ergen is still interested in the takeover WITHOUT bankruptcy...
One things for sure in my mind... if he does let it go bankrupt now -- he's in for a multitude of shareholder lawsuits for not taking the offer and instead, opting for bankruptcy to wipe out the common.
You (especially you Hartleib) think that Sirius management doesn't know this? IMHO, they have no choice but to work something out to refinance or deal with Ergen -- without bankrupcty. Otherwise they face lawsuits.
So, IMHO, there was some positive to come out of this Ergen news of late..."
The above is a quote by Homer985. I agree with him. How can Sirius file for BK?
this is where I got the information mffais there are more companies that bought than just that one
I was going to buy another 100000 today and my wife talked me out of it
Is it 5;00 yet
Last edited by ray; 02-11-2009 at 07:36 PM. Reason: Fixed your "Cheers" smilie
Let us pray......
Mel, please do not do anything "ugly" over the weekend like you did with the merger financing....OK
Ahmen
Call me crazy, but I just picked up another 1000 shares to bring me up to a little over 2400. That's peanuts, I know...If I lose it, I lose it but if the name of the game is buying low and selling high, well, it can't get much lower than .505/share, can it?
Up almost 3 percent after hours (right now, anyway) -- take the silver lining when you see it, right?
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