SIRI Intraday Thread: Friday March 20th / Weekend Edition

[FUNFUN99]

I enjoyed listening to the show. lots of good information. the documentary coming out memorial day, if it goes viral, may help the price concidering.

great show. hope you establish a regular schedule even if once or twice a month.

[SIRIHILL]

Thanks for the info,

If true - that would be a good step in the right direction - HOWEVER, they still aren't reaching everyday consumers nearly enough.

Of course then - maybe brandon will enlighten us with some new information gleaned from his visit to the mother ship ie. hq

The conventions/shows are a step - but they need to get the ads going...

If they had a good marketing campaign - I think there'd be a whole different story right now... even with this market.

I just looked at CTIAs website I did not see apple or sirius listed as vendors only AT&T so it may be just talk.

[Beach Gambler]

Hope this helps you Rick

Duct Tape.jpg

[Demian]

http://investor.sirius.com/sec.cfm

S-3ASR Automatic Shelf Registration Statement Of Securities Of Well-Known Seasoned Issuers

Mar 20, 2009

Is this left over paperwork from the previous deals?

[Demian]

DJ Sirius XM Files Mixed Securities Shelf >SIRI

.
DOW JONES NEWSWIRES
Ê Sirius XM Radio Inc. (SIRI) on Friday registered with the Securities and Exchange Commission to sell an undisclosed amount of mixed securities from time to time. Ê The satellite radio company said the securities include debt securities, preferred stock, common stock, despositary shares, stock purchase contracts, warrants and units. Ê Sirius XM also plans to sell 37.4 million in common shares for the selling shareholders. Ê The New York company said it plans to use any proceeds from the offering for working capital and general corporate purposes.
Ê -Yogita Patel, Dow Jones Newswires; 202-862-1343; yogita.patel@dowjones.com

[buddylee]

http://apps.shareholder.com/sec/view...SV3ASR_HTM_119

[Demian]

Here is Homer's post from another board (not to be named) in regards to this...

I thought it was in regards to the recent deals...

It's a part of the same registration statement filed 8 days ago. Then delayed it a couple days ago.

No news here.

It's all related to the registration of the shares given to holders of XM's 10% Convertibles that exchanged for new Notes.

Most growing public companies like Sirius and XM always keep a "shelf" on file with the SEC -- which allows them to quickly issue shares or place debt, if the opportunity arises.

Without a shelf on file, they have to go through a process that may take too long... so they keep them on file. Shelf offerings are good for 2 years. When they expire or are maxed out, companies issue new ones.

Sirius' last shelf was all used up when they closed the merger with XM.

The current one filed on 3/12 was delayed a couple days ago -- and appears to have been refiled tonight. It's the same thing (for the most part) as the one filed on 3/12. It registers the shares given to the Dec09 XM Note holders -- as well as places a certain amount "on the shelf" for Sirius to issue if they need it.

No news here.



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As you remember, there was this filing a few days ago on the 12th.......

S-3 Registration Statement Mar 12, 2009

http://investor.sirius.com/sec.cfm

DJ Sirius XM Files $1B Mixed-Securities Shelf >SIRI

. Ê DOW JONES NEWSWIRES
Ê Sirius XM Radio Inc. (SIRI) on Thursday registered with the Securities and Exchange Commission to sell from time to time up to $1 billion of debt securities, preferred stock, depositary shares, common stock, warrants or purchase rights, stock purchase contracts and units. Ê The satellite radio company said it intends to use the net proceeds for working capital and general corporate purposes. Ê No underwriters were listed in the filing. Ê Shares of the company closed Thursday at 19 cents, up 3 cents, or 19.63%.
Ê -By Denise Jia, Dow Jones Newswires; 202-862-1359; denise.jia@dowjones.com

[jmm232]

Another thing I learned today at Sirius is that all future radios will be wi-fi. I expect co's like pandora and slacker will fall to royalties. They made only 75 million dollars as an industry last year...THEY cannot sustain their free business models and succeed. The Sirius model is superior.

Are you suggesting they will all have wi-fi capability (including factory installs)? I assume you mean that the primary connection is satellite unless wifi is available.

[jmm232]

Lets see, 20 million subs X maybe $0.25/each, plus mailing, to give each subscriber one? I think they should include one in each box. Buy a Stiletto2 and get a dog sticker.

They already do that. I got one with each of my radios. Its in the reading materials

[Demian]

They already do that. I got one with each of my radios. Its in the reading materials

Those are not bumper stickers, those are window decals, and that is just with newer Sirius radios. XM has never and does not currently offer bumper stickers. You can't even buy a bumper sticker on either Sirius or XM's website...

Stupid......