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  1. James is offline
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    02-17-2009, 06:09 PM #331
    I am a little disappointed that the price of the stock did not pop today. It would have been nice to get closer to my break even point of 56 cents but the strongest feeling that I have is relief. Relief, that the stock that I have held for a number of years (averaging down from $4.00 to $.56) was not going to be cancelled. Ultimately, if the business can deal with the debt in May and December the price will rise

    I am going to try to try to pick up some more shares while the price is still low. I am not talking about a huge number but maybe enough to compensate for some of the dilution that will occur. Then I would like to see the reverse split. I am tired of looking at this thing in this price range.

  2. Siriusowner is offline
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    02-17-2009, 06:10 PM #332
    Being realistic and assuming that in fact this issue moves up and not down or sideways, I expect the price of this issue consistently be between .35 and .40 by June, IF and only IF the company posts strong earnings.

    .85 to .90 by the end of the year (12/31/2009). Perhaps on the brink of breaking the $1.00 barrier. Hopefully ther won't be a need for an R/S.

    I hope to have accumulated more shares by then (say 50K).
    Last edited by Siriusowner; 02-17-2009 at 06:16 PM.

  3. billhart22 is offline
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    02-17-2009, 06:18 PM #333
    Quote Originally Posted by trippingthespeculatingpos View Post
    i think when the deal is made even clearer and the conference call clears up siri's performance as of late that should give it some more boost, just remember it moved up 50 percent today, if it moves up 50 percent every day it will be at a dollar in no time.
    Ya, can't wait for it to move up to a dollar...haha

  4. trippingthespeculatingpos is offline
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    02-17-2009, 06:19 PM #334
    sounds like a realistic scenario, but do you not think we will get a pop from cc and starplayer?

  5. Siriusowner is offline
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    02-17-2009, 06:19 PM #335
    Quote Originally Posted by James View Post
    I am a little disappointed that the price of the stock did not pop today. It would have been nice to get closer to my break even point of 56 cents but the strongest feeling that I have is relief. Relief, that the stock that I have held for a number of years (averaging down from $4.00 to $.56) was not going to be cancelled. Ultimately, if the business can deal with the debt in May and December the price will rise

    I am going to try to try to pick up some more shares while the price is still low. I am not talking about a huge number but maybe enough to compensate for some of the dilution that will occur. Then I would like to see the reverse split. I am tired of looking at this thing in this price range.
    This is the problem with people in the US, always wanting more. This is why we have the housing and credit crisis.

    You shouldn't be disappointed. There were 2 alternatives: You either lose all your money or not...and you did not !!!

  6. billhart22 is offline
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    02-17-2009, 06:20 PM #336
    Quote Originally Posted by trippingthespeculatingpos View Post
    sounds like a realistic scenario, but do you not think we will get a pop from cc and starplayer?
    I am just waiting for a case of whiskey...

  7. J56D is offline
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    02-17-2009, 06:23 PM #337
    http://investor.sirius.com/secfiling...950123-09-2867
    EXHIBIT 99.1


    SIRIUS XM RADIO ANNOUNCES EXCHANGE OF $172.5 MILLION OF EXISTING
    CONVERTIBLE SENIOR NOTES DUE 2009 FOR NEW SENIOR SECURED
    NOTES DUE 2011
    NEW YORK — February 13, 2009 — SIRIUS XM Radio (NASDAQ: SIRI) announced today that XM Satellite Radio Holdings Inc., its wholly-owned subsidiary, had exchanged approximately $172.5 million aggregate principal amount of its outstanding 10% Convertible Senior Notes due December 2009 for a like principal amount of its newly issued Senior Secured Notes due 2011. An aggregate of $400 million in principal amount of the 10% Convertible Senior Notes due December 2009 was outstanding prior to this transaction.
    The new Senior Secured Notes will mature on June 1, 2011. The notes will bear interest at the following rates: initially at 10% per annum paid in cash; from December 1, 2009 to December 1, 2010, at 10% per annum paid in cash and 2% per annum paid in kind; and from December 1, 2010 to maturity, at 10% per annum paid in cash and 4% per annum paid in kind. After the exchange, approximately $227.5 million aggregate principal of XM Holdings’ 10% Convertible Senior Notes due 2009 will remain outstanding. The Company received no proceeds from the exchange.
    The purchasers of the new Senior Secured Notes will be paid an aggregate structuring fee of $9.45 million, $5.07 million of which was paid in cash and $4.38 million of which was paid in the in the form of shares of the Company’s common stock based on the closing sales price of the Company’s common stock on February 12, 2009, which was $0.074 per share. The exchange of 10% Convertible Senior Notes due 2009 for new Senior Secured Notes is part of a larger restructuring effort. The Company is in discussions with others with respect to transactions that could refinance some of its and its subsidiaries’ indebtedness. These transactions may not be successfully consummated. If these transactions are not consummated, it may be forced to file for bankruptcy protection as early as February 17, 2009


    That is a nice five day profit.
    Last edited by J56D; 02-17-2009 at 06:25 PM.

  8. Siriusowner is offline
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    02-17-2009, 06:23 PM #338
    Quote Originally Posted by trippingthespeculatingpos View Post
    sounds like a realistic scenario, but do you not think we will get a pop from cc and starplayer?
    That is why I think there will be an uptrend. I am bullish. But I am cautiously bullish.

    Y'all got to keep in mind macroeconomics also. The economic environment today is not only an environment created by SIRIUS but it will affect SIRIUS.

  9. billhart22 is offline
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    02-17-2009, 06:23 PM #339
    Tripps, I have no doubt about what you are saying, I was just kidding around with you. As far as products that support SIRI goes...I don't know enough about that end of it to say, so consider it me learning that end from you.

  10. trippingthespeculatingpos is offline
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    02-17-2009, 06:29 PM #340
    seeing how it acts tommorow will give us a clue.

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