From last weeks thread:
Looks like I was correct... I am not saying that I am a genius for figuring it out. Just pointing out that it was a bunch of hype. I was surprised when orbitcast tried to spin it as actual news. I am not bashing Ryan at all, I appreciate what he does but, I don't like when people are all spun into a frenzy and they let down... these Sirius XM fans are fragile![]()
Charles LaRocca
SiriusBuzz Founder
SIRI closed @ .141 with the market bloody red........
Will the bloodletting ever stop?
Charles
Please accept my humble apology for even questioning you Iphone app article. You are at least half right on that one. don't know for sure that Sirius blocked the nicemac app, but you nailed it on the sirius app.
Hi Everyone,
I have been reading this site since the end of December when I bought my SIRI stock. I bought only 5,000 at .12 along with a little bit of Ford (F). When it tanked around .06, I decided I was going to stay in and go down with the ship if necessary. Like everyone, I am hoping this stock will get out of the mud and start moving forward.
I am new to investing, and have been learning as I go.
I find it difficult to believe that some people think that SIRI XM will go BK because I don't think Malone is dumb enough to put money into a business with no hope of survival. That would be throwing good money after bad. But who knows, my fingers are crossed.
I would like to ask is this stock being constantly manipulated to keep it low or is it just so diluted that it is going to take a very long time to start to see something stay above .20 cents for longer than a minute.
Thanks
Not trying to sound too optimistic, but siri gained @11% in last 2 days (not counting the EOD spike yesterday) and held. This when the general markets have absolutely tanked during the last 3 - 4 days. We may see small incremental gain to flat up until 4Q release. Just now its the only green on my radar.![]()
Hey look at that. We're up a little bit AH.
The following is from the notification of late filing...
"Management has not yet completed its evaluation as to whether substantial doubt exists relative to the Company’s ability to continue as a going concern for a reasonable period of time. A significant element of that evaluation relates to uncertainties associated with funding of amounts stipulated in the aforementioned Investment Agreements. These uncertainties may not be resolved by the time the Company files its Form 10-K with the Securities and Exchange Commission. In the event such uncertainties remain unresolved, management anticipates that KPMG LLP’s auditors’ report relative to the Company’s 2008 consolidated financial statements will contain an explanatory paragraph indicating substantial doubt about the Company’s ability to continue as a going concern."
the on going concern for the company is bad ,because it means the second part of the liberty finance deal is off,and they will have to find more money somewhere..I beleive it also puts a timeline on the first part being paid back also...not good,that is why it says Management trying to refinance and needs more time,the accountants won't gor for the report without it...
Is this true??? Is the liberty deal going to fall through??? Malone must have seen the Q4 number, before getting involved???
Looks like March is going to be as much as a write-off as February was!!!![]()