Sirius Stock discussions(SA Posters)

[asm610]

Relmar.

My scenario goes like this:

Ergen acquired the debt, therefore he must have been shorting the stock.

In leaking this info to the WSJ, he created a situation in which the BK rumblings drove the price of the common to its nickel low. This protected his ability to cover as we have seen from the recent short report at a nice profit. He also bought the debt on the cheap and profited from that as well. He must have known all to well that Sirius was cutting a deal with Malone.

I believe you have outed the main manipulator in all of this. I would bet the farm that the reason Mel turned his deal down was because of his hostile takeover attempt. He tried to blackmail the company and Mel defended it.

http://www.knighttradingfraudinfocenter.com/

....so you have Ergen playing Gordon Geco. Guess he had to make up for some issues his companies have with thier long term prospects.......

[sl62]

rel...

Just saw your post then i have to head out..

IMO, Mel and Howard came to SIRI and together jacked to price up to $9 briefly. In 04, when Mel showed up, he did the GS Feb '09 Notes deal..which as a bond deal came with a hedge of it's own. Looking at the SP, we see a steady decline of the SP in consecutive years 'til LBO last year. SP held up around 4ish halfway through but never bounced back so clearly the manipulation was on right then to what degree GS could impose their will. So to me, that's ground zero in a way and we know those types of WS IB deals are not only common but very legal. So one could right there back in that day, impose a due diligence on every investor at that time to know about and understand the meaning of that hedge (and its potentialities). All this info would be clearly stated in the prospecti of that time (though I have not pulled that one out ever). I was in SIRI all of 2003 and some of 2004, then I got out for a few years. So I cannot consider myself an authority in real-time, only what I deduce from the historical perspective. So then you fast forward to the ugly deal. How would you be able to prove Mel didn't shop his deal for other financing and was shut out. We know credit markets started to freeze up about April. By July, they were all but gone. So he once again plays his only card left..the LBO using MS and UBS bonds, engaging once again yet another hedge. Again, perfectly legal but lethal to holders of the common. Which we know too well LOL. His LT value IMO, has yet to play out. No CEO would presume to espouse guaranteed shareholder value in 6 months time or necessarily even a year. In court you would have to prove his/their definition of sharehlder value of what time period? If they can prove a timeframe of like 2 -5 years. The suit wil be laughed out of the room IMHO. Hartlieb had no chance at this stage of the game. He only actually hurt us with the news which MSM spun against us. Esp as we also know all these CEOs and BOD's have the smokescreen of the market meltdown to hide behind (so to speak). I see little way any suit of this kind could permeate all of these circumstances that are in the favor to the companies. Now having said all that, you know I agree with you and your research. I just say there is little to do about it but what we are doing. Staying on the battle field and regaining some of our hill the old-fashioned way. I think we can do it.. JMHO..

bbl

[asm610]

koop, as you said that Deep Capture is a worse case. I suggest you look up homers clif notes on that subject along with the auther of it.

Dont get me wrong here I have not change my mind I still think the deal sucked. While it is, as you just said a worse case it is also possible in the end if SIRIXM cant pull through. This deal gives Malone everything reguardless of what happens as far as making a shit load of money. That is one reason the MSM was saying it is the deal of the century for him and not SIRIXM.

It's only the deal of the century if the satellites are in use....for RADIO! Otherwise they are nothing more than giant costly paperweights.

[john]

Relmar.

My scenario goes like this:

Ergen acquired the debt, therefore he must have been shorting the stock.

In leaking this info to the WSJ, he created a situation in which the BK rumblings drove the price of the common to its nickel low. This protected his ability to cover as we have seen from the recent short report at a nice profit. He also bought the debt on the cheap and profited from that as well. He must have known all to well that Sirius was cutting a deal with Malone.

I believe you have outed the main manipulator in all of this. I would bet the farm that the reason Mel turned his deal down was because of his hostile takeover attempt. He tried to blackmail the company and Mel defended it.

http://www.knighttradingfraudinfocenter.com/

Brandon, the problem I find in that is there were no shares available to short that was the reason for the dilution vote. Mel also had control over those shares that came as a result of the vote. Not to mention when those converts that took the deal right after the merger were supposed to return them to SIRI after they converted. Hense the reason the deal right after the merger was not real dilution. (that is what homer, Newman and I were talking about)

[Brandon Matthews]

Can I get a witness?

Anyone watching level 2....pay attention when the clock reaches 2:59. Watch how many 100 share trades take place.

[relmor2003]

Echostar buys sirius debt.
SP takes off. And holds.
Meaning.....
Beneficial to stockholders.
Article now since DELETED. Cant find it. No WSJ said, its A BAD DEAL THAT MEANS. Then they started explaining to us idiots why we should be selling the stock, not buying it on this news. He will force it into bk, to acquire assets on the cheap.
Then they claim Mel was using BK as leverage against Ergen. Do I really need to backtrack again with all this? OMG
You people amaze me sometimes. The surge on the SP was the CORRECT call. It would be good for stockholders. Then Malone deal much latter with BK scare for days was the BAD DEAL. Mel needed time to erase the good deal and make it a bad deal. Who are the players? Who knows. THE WHOLE POINT IS YOU GOT SCREWED. What was the Egen deal? why did the media lie to us? Why did Mel fake a bk scare? These are all answers as stockholders you are entited to. please STOP DEFENDING YOUR CROOK CEO. Thats enough. You have no legs to stand on here. Hes been talking with Malone since DEc. Therefore he LIED TO YOU AGAIN. How many times does he have to lie to you before you stop allowing it. Show me the money Mel, or shut up, and move on, and let someone else run the company. Go to jail for all I care. Stop jerking me around, and start revealing your goals, plans, and strategies to give me my money back. Thats all I care about. Period. What was the Ergen deal? Why are you hiding this? There will be NO NEW DEAL. The Malone deal is it. Thats it. You lost 40% of your company without even a wimper.

[mogami]

this might be the slowest day I have ever seen. I think my previous low was around 14 million.

[sl62]

Brandon..

Good rip of info on NITE...I still think they are generally untouchable except via fines, which are chump change to their top line..

btw..for those who might not know..Knight is a NASD Market Maker under the symbol NITE. They have for some time been one of the most evil and vicious MM's on the block...

[yomann]

[QUOTE=mogami;16223]Hi, I know there are people who think Mel is doing the best he can. I am not now nor have I ever been a member of that camp. I am pretty sure I could have done a better job (I would have hired a chimp to advise me)
Sirius would not have the debt it now has. Sirius might or might not have XM and all that entails. (Depends on whether or not Malone jumped in to "save" XM before they went BK.



Yo, Hello Mogami et al. Nice to be here with you, thanks for the breadcrumbs everyone. Mogami, I bet if Mel didn't Consume XM, then Malone or possibly Ergen would not have saved them, except for themselves -- then the competition would remain (except Malone would be the competitor). I think it was a good thing for Mel to do what he did -- although I'm not in his camp cuz so far it appears he and his deals are tooooo ugly!!! Yo

[winagain35]

Brandon, the problem I find in that is there were no shares available to short that was the reason for the dilution vote. Mel also had control over those shares that came as a result of the vote. Not to mention when those converts that took the deal right after the merger were supposed to return them to SIRI after they converted. Hense the reason the deal right after the merger was not real dilution. (that is what homer, Newman and I were talking about)

The shares loaned out to for short hedging positions was for the 2014 convertible bonds - the "ugly financing" after the mergers was consummated. The reason the shares had to be loaned at the time was because SIRI was on the Regsho list. It hasn't been on the list for many months now.
Ergen bought up the Feb 09 and Dec 09 converts - if we assume he started buying them up in November he could easily have shorted the common.