It's nice to finally see some execution on rumored plans. I think the potential for IPHONE AND DIRECT TV based partnerships is great but as they say,
"Vision without Execution is merely Illusion"
There is only so long Mel can BS you and just cut costs alone... let's hope the vision is executed soon...
long sirius
sl62, I dont think you heard Mel when he said that he planed on taking out half of the Feb. debt with cash if needed. He may like having alot of COH but he liked having 40 percent more of his company more. I dont care how you want to slice it, this deal sucked plan and simple. There would have been only one exceptable out come for losing 40% of a company and that would have been if they would have at least PAID SOMETHING FOR IT. So sl62 as to what we talked about before you were wrong there is no way Mel would have given up 40% of the company if his back was not totally against the wall, that also gos for giving up as much as COH as possible to get by. If you noticed he basically said he would have not like to have given up 40% but it had to be done compared to what many of you were predicting would otherwise happen. They were not saying there would be a drain of COH.
Last edited by john; 03-12-2009 at 11:18 AM.
Bingo. Thought that was a nice little jab there about "what has been said about this company" and what throwing chum out to them would further produce.Originally Posted by Big Ben
I am admittedly a newbie at all of this and have just the little experience of my present company and observations plus the incredible help that is available from the savvy ones here ...
I was really ambivalent this morning and neither surprised nor disappointed in the CC. My company quit giving guidance before it was popular and got racked over the coals for it. Like Sirius and the oft complaints here - This seeming lack of forthcoming info was something I couldn't grasp - Even as an employee being kept in the dark so to speak. But I realize now that there is good reason for all this and would allude to just what gets taken to pieces by the MSM as part and parcel.
One of the main things that struck me is just how much this company should be perceived as almost an entirely new entity - A new company altogether. If looked at from that perspective and taking what was spoken in the CC - It's real 'start' is only from about Sept. of 2008.
I was not expecting any sort of information dump, do these CC's ever really provide such things?
Like others have mentioned, I was hoping to hear something about the R\S and was curious the question never got asked.
We got what was hoped for in the app coming in Q2.
The only regret I have is lack of funds to buy at these ridiculous prices. Good grief .08 -.20 ... After getting battered and bruised with a stock that once hovered around $30 a share, now worth 2 bucks and being so ignorant and piggish to lose 20K ... This is practically absurd. My patience and time frame is real long .. years if need be.
2 cents from the peanut gallery.
WHHHAAATTT, That has nothing to do with what sl62 and I are talking about. Since you brought that up. I dont even think it was just a matter of that. There was the matter of it would not only be Mel that would have been given the hev ho, the shareholders would have been rendered moot if he got 51% of the company. As an example if Ergen wanted to take the company private and said the deal is for .2. All those shareholders in favor of. and all those not in favor o.........Ho what am I saying I own 51% there is no need to go on. The motion carries .2 per share for the company.
It's clear Liberty offered the most cash. At the time anyone could have bought 100 percent of Sirius for less then 530million but no one tried. Liberty only took 40 percent because they intend on making money in conjuction with Sirius.
pushed thru .17 and couldn't hold....i love this bs
I disagree. I think Ergen was offering 500 million cash for the shares, and agreement to rework all 09 debt he controlled. He may have demanded Mels removal, and more ownership. As Malone got as much as legally allowed, Im not sure he would be able to dictate terms to stockholders without the way Mel took it, by bypassing the vote by faking a BK. He might have lost the company to Ergen down the road, but Malone might have said, Im happy with your leadership, I just want a voice on the board now.
Hi, at .05 a share anyone who wanted to could have bought the entire float for 175 million. To avoid the initial legal issues you divide up the float between as many entities as needed.
Look how many shares traded at under .06
The problem with that is it would have raised the PPS much faster then you think. Look at how fast it went up when rumor was leaked that Egen was wanting control of the company.
hi .05 was after that and several hundred million shares traded without moving price up. It was a panic sell only stopped by Liberty news. Without that news the SP would have hit .03
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