If, when, how, and why will Liberty take a controlling stake in SIRI?

[john]

I got this as a news story in my Aol siriusXM stock quote page,didn't see reply,But if i did ,would still not accept it till Homer says it is!!!!
You dirty rotten Old Codger!!!1 JK

That was on the 7th page (if you still use the original format) of the "SIRI Intraday Thread: Friday April 3rd / Weekend Edition"


and hey I am john not cos1000 he is the old one here. I will accept the rest though, dirty, rotten, codger.

[JohnnyIrishXM]

That was on the 7th page (if you still use the original format) of the "SIRI Intraday Thread: Friday April 3rd / Weekend Edition"


and hey I am john not cos1000 he is the old one here. I will accept the rest though, dirty, rotten, codger.

LOL...no i actually did miss that post,that is funny....No it actually did come as a rss feed about siriusXM,thought it was a weird story til i checked filing for something else

[Demian]

First off.liberty doen't have 40%of shares until converted,as for the other 9.9%,they already bought them with 530mil investment of debt..
My theory is when the stock gets closer to $1 sp Sirius will issue shares for that debt equal to 9.9% to liberty.then try to get other debt holders to take shares and when all 8bil shares are issued the R/S happens,probably
1-5 or 1-10 spread.Depending on stock price,but definetely before Dec 09 Jmho.

Yea, that's a good idea - combine the RS with more dilution......why not just put a sign that says "kick me" on SIRI's back?

[Newman]

homer:

Just out of curiosity, do you happen to know Appolo's average price per share? I know it would not be exact, but an estimate with some numbers behind it?

I am curious as to some of these "independant directors" and thier cost basis in Sirius. Would they be in agreement with a $1/share sale price today? Or are they just as underwater as most of us.

TIA

[JohnnyIrishXM]

homer:

Just out of curiosity, do you happen to know Appolo's average price per share? I know it would not be exact, but an estimate with some numbers behind it?

I am curious as to some of these "independant directors" and thier cost basis in Sirius. Would they be in agreement with a $1/share sale price today? Or are they just as underwater as most of us.

TIA

Top 10 Institutional Holders: SIRI
Name Shares Estimated Value of Shares * Holdings Shares Outstanding Turnover Rating
Jennison Associates LLC 169.46 M 20.33 M 0.05% 4.39% Medium
Putnam Investment Management, L.L.C. 129.42 M 15.53 M 0.03% 3.36% Low
Apollo Investment Management, L.P. 91.86 M 11.02 M 3.99% 2.38% Low
OppenheimerFunds, Inc. 85.67 M 10.28 M 0.02% 2.22% Medium
Vanguard Group, Inc. 85.53 M 10.26 M 0.00% 2.22% Low
T. Rowe Price Associates, Inc. 82.74 M 9.93 M 0.01% 2.15% Low
Barclays Global Investors, N.A. 69.97 M 8.40 M 0.00% 1.81% Low
RiverSource Investments, LLC 66.8 M 8.02 M 0.02% 1.73% Low
MFC Global Investment Management (US), LLC 56.11 M 6.73 M 0.08% 1.45% Medium
ClearBridge Advisors 33.62 M 4.03 M 0.01% 0.87% Low

Total % of Shares Owned by:Top 10 Holders 22.59% Top 25 Holders 27.07% Top 50 Holders 29.66%

Apollo is 92mil shares at est. .084

[JohnnyIrishXM]

Yea, that's a good idea - combine the RS with more dilution......why not just put a sign that says "kick me" on SIRI's back?

That's not what i want either.
But think that is what they will do.

[Brandon Matthews]

First, get to know the man...


http://www.time.com/time/magazine/ar...983521,00.html

[Demian]

That's not what i want either.
But think that is what they will do.

Explain why you think that's what they will do if you also think that it is not the best thing for them to do.......why would they think it is the best thing for them to do?

[JohnnyIrishXM]

Explain why you think that's what they will do if you also think that it is not the best thing for them to do.......why would they think it is the best thing for them to do?

Demian,if you read the annual report about the R/S and some of THEIR problems for doing it they list the shares that wouldn't be issued and thus not subject to R/S is problematic to the deal with liberty as any shares issued after r/s would have to account for 40% stake to liberty,but think about it logically,they want to get rid of the huge amount of shares to stop manipulation and they can use those shares now to reduce some debt...As for full dilution,it is already priced in to the sp,and with 6 bil shares as of now,it affects all the metrics that analyst forcast for their target prices...
EX:EPS,market cap etc....it will look a whole lot better with full dilution and 800 million shares issued...look at it this way,if you are not green with avg price by time r/s comes you will only get your money back plus a small to med profit,not a 2,3,4 bagger...sorry
Now why i don't want it is because i'm already green with .26 avg cost,so my risk with r/s is nil,but my reward without one is differnce between 400% return with R/S and 3000% return without R/S....

[Newman]

Johnny, by the looks of your chart, it looks like that says CURRENT VALUE of holdings.

I want to know what Appolo's COST AVERAGE is, as well as any other of the board members. We know Mel's already...