Karmazin Video Provides Some Sirius Answers 142 comments
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People invested in satellite radio have been looking for answers… any answers. They have had a strong desire to hear from the company, and want to know what the plans going forward are. In a perfect world, we would all have these answers, but in today’s environment, even good news simply seems to get washed up in a vortex of negativity.
In the midst of all of this, Mel Karmazin did an appearance on Autoline in which he discussed the current situation, and in particular focused on the OEM channel. The interview does not give all of the answers, but does provide some answers and insight that investors are seeking. The video is well worth watching, and at less than 30 minutes long, does not wipe out your schedule. Grab a cup of coffee and click and watch.
[Thanks Muscle]
Position - Long SIRI
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This article has 142 comments:
I am with you, I ca see clearly now
No, what I would much rather see Sirius and specifically Mel Karmazin do is to get on it and start advertising their service. I mean, there is no advertising at all, at least not on any TV stations or media that will do it any good. Mel has to sell, sell, sell, like Lee Iacocca did when he helped rescue Chrysler some 30 years ago. Where is Mr. Karmazin??? What kinds of packages and offers are there right now, does the general public know; or does it even realize that there is such a thing as satellite radio? I know I see Comcast Cable, Verison, AT&T and many others pushing there products and services constantly. If Mel doesn't get a massive advertising campaign going like yesterday and Sirius spirals downward, the big league names that have recently signed up with Sirius, like Howard Sterns, will not be around for long. I know it takes money to advertise, but remember Chrysler was going bankrupt when it was resurrected, and I don't think it was a stock split that saved it. What Chrysler did took hard work and determination and it paid off.
I heard Mel say that it was the end of terrestrial radio. How is it the end of terrestrial radio? Much of the public doesn't know or doesn't care that satellite radio exsits. And why would they want to pay for something that they can get for free? If people are not going to be made aware then I say it is the end of satellite radio, it ended before it even began. So roll up your sleeves Mel and get your hands dirty, sometimes that's what it takes if you want to get something to work right. Or else don't. Maybe Sirius is just a scam, another situation where the rich get richer and the poor get poorer. And maybe I just bought into a bill of goods.
I can agree with preferring to see the company recover without a reverse split, at least to the 2.5 - 3.0 range, but I don't think in this market and with debt financing in 2009 being what it is your going to see that.
I don't necessarily agree that with a reverse split is an opportunity for the shorts, in this company's case, to take the price down after the split. There has been a lot of share dilution already with a large retail shareholder float out their, and debt issues that can be used by analysts, like GS, to obliterate the stock.
With a reverse split, debt elimination using the new shares at a new SP to pay that debt, reduced operating costs now enhanced by eliminating debt payments on 1.2B in debt, and increasing subscriber and revenue growth, this is not a company that shorts are going to call their favorite any more.
Companies that are losing market share and are looking to take on additional debt, which Sirius is not doing, are the companies that after a reverse split the shorts have another feeding frenzy. Sirius is not looking to take on $1 of New Debt. They are going to pay off or reduce current Convertible Bond debt, which also removes dilution because shares return to the company, and move out Bank Credit facility debt that they are current on. No New Debt.
For what it's worth, Mel explains how SIRI will become profitable in 2009. He talks about finishing 2009 with 21.5 mil subs and realizes over $400 mil in synergies. When he's thru with that explaination, he says this is how they will be EBIDA positive, AND THEN KNOCKS ON THE TABLE ("knocking on wood").
Interesting..........
Autism is a very real problem. My nephew has autism and at times does not recognise between socially accepted and not accepted behaviour. Mel's motives, good or bad, does not diminish the probems facing these people. The movie "Rainman" was a watered down version of what the real with Autism is all about. Autistic children can get fixated on one thing for lonnnnnnnnnnnnng periods of time. Seeing my nephew replay a 25 second segment of a video over and over for a half hour was my first insight into his intense focus. Researchers have determined that people that have Autism have Genes that are "turned off". The research into "Turning On" these genes have a potential into other areas. Imagine, being able to "Turn off", the Cancer Gene, or the High Blood Pressure Gene. I wish good health to everyone, and their families.
.06 pop today? on Housing sales being up?
He breifly speaks about shareholders.
1. Houses are moving at a new accepted low rate. More stubborn people are giving in and selling lower, this is good. Owners realizing losses and taking them are what recovers markets. Selling to a person who buys at say 110000 on a house that someone bought for 180000 is progress. Now this new homeowner will hold that house for a lot longer and make new payments longer than the existing owner would have. As new prices settle in, more people will buy, and more banks will lend not wanting to be left out in any new surges. This is good news. Dont worry too much about the price the houses are selling for, just that they are selling. The new lows will rise in infaltionary conditions, if anything, making some money available to the consumer markets.
Will new cash go to Sirius? If the SP stays low long enough, it will, I feel. As money flows more and more, spec money starts coming back, etc......
When fear replaces greed, I think a new investor, or a new cash position in a person or hedge funds account might be very attracted to a Sirius position at say .50 as opposed to 2.40.
If anyone has dealt with or been involved with Autism, and did a little bit of digging, they would quickly gain a level of respect for all that Mel has done in this area.
My apologies for getting "off topic" with that, as people are talking about the stock, but his work in Autism is something that I hold a great deal of respect for.
MHO, FWIW, they're going to use the new shares to retire their debt, do a 1:20 RS, which will bring the SP up to the $10 range.
$10/shr, over $1B in revenue, and no debt...Sky's the limit. Personally, I'm holding on to my piece of this pie!
Pig Farmer --- Your arrogance will be your downfall .......mark my words , and take it to the bank along with your money ..............Kicking others while they are down is a very brief , and temporary form of entertainment .........Your happiness will be short lived ..........guaranteed
1.3M to meet target (that would require 470K sales average)
September results came back with 970K
Historically June & July have been worst!
I think the analysts are agreeing with Mel's EBDTIA numbers. Another Alpha article (seekingalpha.com/artic...) points out that the Auto shorters are backing off. Since this stock is tightly tied to the Auto industry, the turn around should follow.
Auto maker financial divisions might be eligble for TARP money. THIS IS HUGE!!!!!. Probably why F didnt go down today with the market and Sirius is recovering. news is always late to us. This means the the automakers can start financing themselves again..... This will encourage car sales....
Not bad news, thats for sure.
Sirius sued itself to enable protection from stock holders after merger?
Sirius was actually paying professional class action brokers to sue Sirius and settle. The result would have provided a class action protection agreement barring stock holders from make future make whole remedies.
All speculation of the Rev-Split, Mo stock issue should end. This dam company is corrupt and engaged in racketeering to defraud stock holders! We have a Fed Court and Judge saying this is true
IMO, this is absolute confirmation that Mel and Sirius management are a bunch of mobster crooks. This is all going to end in a major class action and racketeering lawsuit. That is why Mel is so quite.
More info contact michael hartleib savesirius@gmail.com
Vote NO, NO, NO to the Rev-Split
Vote No More Share Issue
Kick Mel Out
It went below its lifelong trendline for exactly 2 days. This is encouraging. Setting up below it would have been disasterious.
It would need to go up 2 or 3 out of the next 5 days to be a sure fire reversal. Breaking .50 cents might be a huge psychological barrier, but its not a resisitance point. There are actually no resistance points except .36 cents to clear. The stock never traded at any levels between .36 and .80 cents long enough to have garnered support levels. Only real support lines came in at 1.32 and a tad at 1. The major points are 1.32, 1.50, and 1.82(1.87basically), and 2.40.
shure46, Al Capone got in volved in the community welfare after he was indited by the court, and was going to have to go to trial. Mel has been doing this for a very long time, well before coming to SIRI.
Now for some that say Mel has said nothing new. You just prove my point about what more do you want. He tells you Feb. debt is going to be taken care of, and you say that is not good enough. He tells you the bad economy has not effected churn that they are still keeping subs at a normal pace and that is not good enough. Then you wonder why you people lose your asses in the stock market.
I am just following my short term strategy and trying to make some money back as I wait. You will not be hearing me bash this company at all because I still think we have good days ahead. I am playing what I think, and I could be very very wrong, is a new channel. .20- .44.
People got excited today and the retailers pushed it over .40 afraid to miss out after selling last week is my guess. I am trying to be on the other side of everyone's fear. If I am wrong then I made a little back and will still wait until after the call before doing anything.
does feel like gambling.....
163888 .... What do you think about him referring to Gross Subs? Do you think that is an indication that Net Subs, applying an unchanging churn, might be negative. I posed this above this morning.
This just message has just been declassified from a message that we intercepted on the other side. It appears that the General has had to let some of his troops go, due to lack of funds!!!
Troops...
A limited number of pants will be dropped by Air on the 27th.. So you better cover your shorts with the available drop.
General Sachs (GS) & Major Stanley (MS)
Vote NO, NO, NO to the Rev-Split
Vote No More Share Issue
Kick Mel Out
Looking at the Auto industry numbers (10.7M currently), a 12M goal is obtainable. Provided that Mel's numbers for % of cars with SiriusXM is correct, the numbers should be positive. Investors have been shorting the Auto stocks as well... but another article has pointed out that they are in decline.
Gutsy move,,,,,,,good luck.....
My take is you made the right move to gain full control over your own destiny. Like Killer, I jumped back in early this morning and caught a little of this extended short cover...taking it back a little at a time but still waiting in the weeds to be out of the eddy. I jumped back out @ .43 a little bit ago. At least for now, there is strong confirmation in LVL2 that there is a set up for another leg down. I agree with your range boundaries and maybe lower if LVL2 is right.
Say hey, killer!
Relmor: to further your point, look at SIRI's new ad on Yahoo web page in the Ford Flex. The new radio with SIRI Travel Link is AWESOME!!! Could Mel be listening to us??
I agree this is good news and should help. The participation in TARP for an additional, 15B, on top of the 25B for low / altern refueling is also a good sign. I also agree that the Feb 09 is not an issue, as has been said many times and the May 09 facilities are not settled, but don't represent new debt just renegotiating to move the expiration date and new terms.
I am definitely not negative on this stock, just trying to maximize my opportunity. I have just moved into trading mode. Too much action on the level ll, with high volume bookends at every penny up or down. After watching the SP action and saying, I should of.... all the time, I just had to get myself to the point of saying I did. Now I will wait and see, my buy lots are in and I will continue to watch and adjust as need be. Let's all make some money here.
With new auto sales in the crapper and GM in trouble, I don't see the auto market driving sales. This video offers no real answers. Show me a CEO who isn't bullish on his stock and I'll show you an out-of-work CEO. Or course he sees positive earnings, but what did he say last year. Don't believe the hype, believe the numbers.
I have a hard time seeing the long term growth of Sat Radio. With the investment and existing base and human nature to trying to keep things afloat, I could see the debt getting payed off; maybe a good short term trading play.
I also will ask it again because I think it is important and will be twisted by the media, What if there is negative net subs 3rd quarter, even though churn and Gross numbers are positive. If they miss this number I really don't think it hurts long term, but short term the media will have a field day. Mel did refer to Gross Subs being good no mention of Net adds. That concerns me short term.
WOW and another one comes along.... just when we're trying to talk at a depth above grammar school level on this company.... you come along. Thanks for the insight.
sl62 please just stay the F out of this stock. What after screwing the pooch you want to kiss the bitch. You are amazing. I dont care if SIRIXM gos to zero, I dont want to here your pie hole again.
Do you own the product? I assume by your comments not. If you listen to radio on any type of a regular basis, once you have it, its like crack. If you are a lover of a music, and specific genre's of music, you will never want terrestrial radio again. Its seems like you are a college student and I bet your borther is too. Probably only accustomed to a few types of music, and could care less for talk and entertainment. Im not trying to bash you, just saying when I was in college, my $12.95 a month would have been more valuable in other capacities.
As far as the car market, people have to buy new cars. Maybe not every two years, but sooner rather than later.
As far as your ability to see the long term growth, 18 million subscribers would beg to differ with you
I am very glad some of you are back in the money again. I hope very much you can continue the trend. I wish more that it goes back up over 2.55 so I can play again. LOL
I don't trust Mel with the Rev Split and will not be playing in Sirius ever again. But you guys who are day trading long on these lows have a chance for some profit.
As the Fed Judge said about Sirius, "Never trust a comapny the sues its self!" < --- Fact not fiction. Please be carfule with Siruis investments, we cant trust Mel any longer.
Please, I wish you will remember the many who trusted Mel and suported the Merger with heavy longs that will be destroyed by the rev-split. Vote no please!
Vote NO, NO, NO to the Rev-Split
Vote No More Share Issue
Kick Mel Out
I didn't realize you were the keeper of this board...(you have to allow me one smart comment! (lol)
But having said that, though yesterday I would have engaged you further, I don't want to get into a further confrontation with you...nor anyone. It was brought to my attention yesterday that such things are nothing but a waste of time--which I had lost sight of and was doing too much of. You have my apologies for attacking you yesterday. The main reason I did so was because you seemed to me to be siding with a crank. But again, whatever. You're entitled to your opinion as anyone else is. As said yesterday, you've been here longer than I and I respect you for that.
Beyond that, like it or not, I will be in and out of SIRI until I get back what has been taken from me--that's just the way it is. I tried to allow SIRI to be a longer-term play for me, but for reasons I've mentioned here before, that became an impossibility. Though I still think the product is good, I lost faith in proper management execution. The time came for me to take control over my own destiny, which I did last week. I begrudge no one like yourself for staying the course and I hope everyone gets what they are looking for...(except for the cranks)
I'm not trying to read too far into it, but it seemed kind of set up..
When did it take place? Was it scheduled or spontaneous?
Who were the stiffs asking questions? For being "journalist" they seemed to be asking softball questions with no follow up. Mel wasn't challenged in anyway.
No sweat sure46, I just lost it with the stock in the twenties and all the meaningless conversation going on. I'm not here because I have nothing else to do.
Second I always like a good debate, the dumber the opponent the better. Thats right you are a dumb a$$ because anyone that daytrades in a company that they think sucks is a dumb a$$.
All the silence between now and the reporting will provide some opportunity to accumulate shares. Timing at these prices, as I have said before will be everything. A move like today and Friday, which I played into is the stock taking off in my mind. It went from .2 to .43 or so in two days, a 115% gain. Look how happy Pig Farmer is..... although gloating as he does is really to bad.
>>sl62 My problem with you is you say you think the company yes thats right the company because the people that run it make the company is a terrible investment. Now though we find out that you lied for the simple fact you dont daytrade in a stock that you think sucks. You do that with a good company because then your chances are way less that you will lose.
Second I always like a good debate, the dumber the opponent the better. Thats right you are a dumb a$$ because anyone that daytrades in a company that they think sucks is a dumb a$$.<<
Doobz26, can you even copy a name right it is "163888", you should be the last person correcting me.
My opinion is that this is a staged and prepared presentation. Autoline and John McElroy is a Detroit Automotive insider whose has been reporting on the Detroit auto industry for years. He worked in the manufacturing plants while going through College and was a UAW member. The questions were "softball" because his interviews are more like commercials for the company's represented by the CEOs he interviews. If the questions seem to touch on all of the positive talking points, it's because the are probably prepared right down to asking about the pin and his charitable work. I don't have a problem with this and would expect any CEO to take advantage of all medians they can to positively spin their company and positive accomplishments.
No not your bad punctuation...it's your statement. FYI, daytraders DON'T CARE if the company is good or not my friend. Nowhere, does a daytrader care if the company is good or bad. A daytrader buys and sells purely on action, highs and lows. And the fact that I had to explain that to you says more about you than I'm sure you can even grasp...
And...if I'm such a dumbass, why did I make money today on SIRI and you only made money back??
163888...
I have nothing more to say to you as you drag me into more time wasting...Iggy. Later.
Well, I am one of the dedicated longs about to lose the farm on the Rev Split. Also, I like most of the people here. Its a good place to learn.
However, it disapoints me when people make personal attacks. We no the story on that 13 year old "stinky pig farmer" that most of us already ignore. But, the emotion level here is a bit hi even with the confirmed good users here. Maybe being back in the money will put folks in a btter mood for more good debate.
SOMEONE ASKED WHY DAY TRADE A POOR STOCK?
It is the nature of this game to gamble a bit. I just don't want anyone to lose in Sirius as much as I have lost. I love seeing you guys get some back!!!
If the rev-split happens, life is over for me. I have seen the legual filing of Mike H. and belive very much that Mel is doing no good for Sirius. I think he will / is buying Sirius up cheap using some vehical. Mel is going to take the company cheap and screw all the long share holders.
So, please get all you can back and more. I love it!
But, please vote no Rev-split!!! Please!!!!
Peace
Cos, I think you are playing with fire. Why do you want to do that to yourself? You've suffered long with the rest of us and I would hate for you to be on the outside if this thing pops. If you must gamble, don't do it with your whole position, do it with half or thirds.
Siri Depressed, in a lot of interviews, the interviewers give the interviewees a preview of questions to better prepare the subject. After all, it would be better for the principal, the subject, the interviewers, and the audience to have a smooth interview. I think this was done more as a PR move by Mel to set his stockholders at ease, and to maybe attract some new investors.
You said, "when Mel comes out and says that the 2009 debt is all taken care."
When that happens and without a rev-split. Sirius will be 8.00 in 3 days. That is all we need. Just get Mel to stop toying with banks and risking our investment and we will all be big time in the money.
But some of us no longer belive Mel. Some of us think his plan has always been to unload the debt on share holders. Some of us know he is one evil bastard.
Sirius Penny stock scam!!! Penny stocks issue huge amounts of shares and rev-split 2 or 3 times a year. It is the oldest penny stock scam on the books. Sirius doing this is why it was downgraded on "Incusistancy of Managment" aka suspevted crook sceeming!
Day trade all you can and get back! But vote no Rev-Split!
Vote no
Vote no Rev-Split
Vote no more shares
Bob Brennan was a pretty charitable guy in his day . . . gave millions to Seton Hall University and others . . .
If ya don't believe me ya can write to Bob Brennan . . . he is serving out his sentence at the Fort Dix military prison
Fed Judge Said that about Sirius ony a few months agoe!
Sirius Penny stock scam!!! Penny stocks issue huge amounts of shares and rev-split 2 or 3 times a year. It is the oldest penny stock scam on the books. Sirius doing this is why it was downgraded on "Incusistancy of Managment" aka suspevted crook sceeming!
Day trade all you can and get back! But vote no Rev-Split!
Vote no
Vote no Rev-Split
Vote no more shares
Alot less negativity about the stock today...... I wonder why....
LMAOMAMAMAMAMAMAOAOMAO... HAHA!
If SIRI goes down .05 tomorrow, all the Nay Sayers will be back saying ..... I TOLD YOU SO , MEL SCREWED US AGAIN VOTE NO!!!!!!!!!
My Bashing posts are pissing me off too. LOL
It is bad when you piss yourself off becasue you are forced to do somthing like bashing against a stock you own yourself. I just must stop this Rev Split and I hope most of you can forgive this crap.
Vote no
Vote no Rev-Split
Vote no more shares
I have already picked the people I want to listen to.... Everyone is entitled to their opinion....
GOOD LUCK!!!
Older guys like Mel LOVE the fight . . . Mel's countenance is not looking too good right now but he has one goal in mind . . . stagger across the finish line on December 18th with the reverse split and dilution in-hand . . . then it's off to Auba for 3 weeks to recharge the batteries.
He will be back fully charged, looking tan & fit . . . it is imperative to keep tightening the screws now while Mel is on the ropes. Do not let up.
Autoline???
Did I actually see the CEO of the second largest media subscription business in the country "knocking on wood"? Ooo-Fah . . . even in a tightly scripted setting Mel couldn't avoid the mis-step.
Mel . . if the problem is with Leon, lets get it aired out now; otherwise the pounding will continue . . . there are more than enough shareholders that have the stomach for the fight.
In calling us "unsophisticated" did you mean for investing in the company or for placing our confidence in you ability to execute the business plan?
"I am curious to hear what you will have to say about the somewhat crazy idea I am considering now. It exposes me to the danger of being confined to a madhouse"
You've probably heard of it . . it turned the long-held principles of Newtonian physics on its head.
Einstein confessed that there were far more brilliant scholars and academics in his time . . . and his mastery of non-euclidian geometry left quite a bit to be desired, partly due to his having been expelled from high school for challenging the authority of the instructors.
Einstein attributes his success in the break-through, where others had failed, to a natural suspicion of authority and an unwaivering willingness to challenge long-established scientific dogma, even that of Newton.
Most gave high acclaim to the break-through . . . there was, however, a small but vocal minority who were unwilling to consider the findings because the thesis was "not directly observable"
Turns out that most of those detractors had a vested interest in preserving their own academic credentials and publication rights which had just been rendered obsolete.
Oct 27 09:59 AM
Level ll is telling me that we are going to have an up day today, ,35 -37, unless something changes. There are still a lot of shorts that need to cover, not in a panic, but cover none the less. As with longs, shorts only make money when they buy and sell to capture their profits. As I said before, if there is manipulation by the shorts then eventually a percent of them are going to cover (buy) and hold Long for a bit before selling and shorting again.
At 12:48 PM today when it crossed .40, I said I sold my shares and why a .41 and said I thought the range when I sold would be as high as .44. I just felt after being here so long, that I need to disclose my actions and plan moving forward before implementing it.
point 1 - your spelling is atrocious. it goes beyond typos. it smacks of sloppiness and colors you as a hack.
point 2 - you are going to lose the farm if R/S happens?? newsflash: you have already lost the farm. have you taken a look at the pps lately?
On Oct 27 03:20 PM sl62 wrote:
> 163888...
>
> No not your bad punctuation...it's your statement. FYI, daytraders
> DON'T CARE if the company is good or not my friend. Nowhere, does
> a daytrader care if the company is good or bad. A daytrader buys
> and sells purely on action, highs and lows. And the fact that I had
> to explain that to you says more about you than I'm sure you can
> even grasp...
>
> And...if I'm such a dumbass, why did I make money today on SIRI and
> you only made money back??
......So far panic in retail investors and shorts buying to cover and then selling to profit are winning and providing the downward movement. I think this trend might change, with most panic out last week and more shorts buying to cover and staying long. Long here might be to .40 -.50 or until the next piece of news one way or the other. Just one retail investor now "trader's" honest opinion.......
Just so you know I am acting on my own research and plan......
Thanks for the run down.... and I agree.... volatility everywhere..... it is a minefield out their.. be careful and good luck on your trades.....
Can you read this? I don't care how bad you think I spell.
Please be more productive in your post. We are here to talk about Sirius. We don't make personal attacks here. People who make personal attacks often have very weak personalities.
Thanks for inviting me to have another chance to say NO REV Split.
Vote no Rev Split
Vote No More Shares
Killer, by the way, i'm not COS1000 reincarnated. Hes alot smarter.
Cranks and jokers...well...Have fun hanging with yourselves. All that can be said is, "see ya, wouldn't wanna be ya!" Buh bye...
sorry my bad, I missed that...... these are tough times trying to figure out the best course of action..... I'm trying this strategy because of the decimation this stock has done to my portfolio like everyone else. ..................Desp... Times Call for Desperate Measures
I've been following NM and DSX and have been thinking about nibbling on both here, I really think they can wait, but NM at 2.70 and a nice dividend, and DSX was under 15 and a better dividend. I'm just not sure the dividends will hold in a recession.... These guys seem to be later bloomers in more prosperous times, mid cycle bull market types. Any Thoughts?
connorport....
flattered....... if only our being smart.... could make us wise....
Anyways to the Regulars who share wisdom from actual research it is well appreciated by myself as well as many others im sure.
Don't leave man. That Pig Farmer is just looking for domination without paying his hooker. He is probably sitting in front of his computer wearing dipers and sucking his thumb.
Emotion is hi. But that is what its about. The rush of winning and the wimpering when we lose. We just hope it is a fair game.
Anyway, I don't like making personal attacks. But, this guy Pigy wiggy gotta go. Everyone PLEASE hit the REPORT ABUSE on every podt from the PIG. He will go.
Lets get back to good conversation and enjoy life. This place is great!
But
VOTE NO REV SPLIT
VOTE NO MORE SHARES
Peace!
i'm in the mood for another pickmeup story man.........
I too have enjoyed writing with you.... although the past couple of weeks have been rough.... I still enjoyed reading your opinions..... Hopefully if these rooms and markets get any better you will rejoin us here.... I'm sure we will be here..... Hopefully not at this SP
911
News info on building 7 reason for falling. It got so depressed it just gave up. Not funny?
Electric Bee
Man in Maryland Sue Pepco Power for false billing. He requested manual reading for 120 days Pepco sent a letter back via the Public Service Complaint that the man made. The letter stated the meter was manually read 2 times during his continued request. Man reply “why is my vacant house using 230.00 a month electric” and he asked for a 3rd reading. Pepco sent a letter back with the 3rd reading “Manual Reading”. Man contacts his lawyer and they file a full lawsuit for $300,000.00 damage for false billing.
In the complaint was a picture of a 2 year old wasp nest covering the entire meter?
Trust nobody and
VOTE NO REV SPLIT
VOTE NO MORE SHARES
Like the Maritime picks. I think the dividends will hold on these companies because of the low volume of shares and oil prices that will soon see $50 a barrel. I think running costs(30% fuel)will offset slides on shipments but the world still needs goods transported. They are also trading at ultra low %levels in camparison to earnings. I might pick up a few of these myself after i do a little research on them for myself. Got anything else interesting to shed some light on this dark hour?
Stocks are cheap now. Wish I could dump Sirius and play the Banks. GS is now the big dog in charge and going sky high. The arsanist is in charge of the fire.
Inflation is going to be very bad after all the bailouts trickel out. Anyone working is going to need a 18% pay raise just to keep working. This is going to get vary bad.
Trust nobody and
VOTE NO REV SPLIT
VOTE NO MORE SHARES
Those moron analyst bashing OEM, do not see what I saw this weekend
Flying UNITED -- all music was XM radio in the skies -- how many millions tarvel a year and get free sample and advertisment ????
Took shuttle bus - C&J trailways -- airport to Dover, NH -- plays XM radio music all the way -- and the driver said most LOGAN airport shuttle bus have either Sirius or XM
GS Weinke -- it is only one monopoly -- SiriusXM -- you can bash the stock so low for some time, but you can not keep it down all the time
I don't know what to say....There are some bright minds here that have different oppinions, which is EXACTLY what we need. But, instead of everyone having respect for each other it turns into a contest to see who's got the biggest cock,,,,,,,, everyday.
It's a shame really, I think this SIRI board is the best one I've found. This stock has already consumed my life for the past 3 1/2 years, now I have to spend all this time reading a bunch of bullshit just to make sure I don't miss some valueable info.
I'm sure SIRI is monitoring this and every other board. They must be laughing their asses off. No wonder we're called unsophisticated. Although I'm sure at least one of the characters here is a plant trying to screw with us and keep us off track.
I doubt we'll ever understand that we need to work together with our different opinions to figure out what and who is making this stock move.
It's like we've all been robbed by the same guy and instead of going out looking for him, we're standing around fighting about who's got the best resume.
There's no one in this room who knows for a FACT that their theories are right. Admitt that, and open your mind to a different opinion.
In my heart I believe Mel is involved somehow. Now, I'm not here trying to gain support for that or to get everyone to agree with me. Instead, I want cos, & 163888 to tell me why I'm wrong. An "i told you so" does nothing for me. I don't know any of you nor do I want to (especally the Pig Farmer).
What we have in common is that we've had our money taken from us. How can we work together to get as much of it back as possible?
We could hold a lottery. Start it as a Lottery corporation in Mel's name. Once we have $1 billion tickets sold we could split the doe-rae-me, all skip country, and let Mel hold the bag.
Yah, I like that... Love to see the slime ball Mel cought holding the Bag!
Now, if we offered any real and working advise like many people have tried to do, Mel would just ignore us. That is what he has done worst of all.
Trust nobody and
VOTE NO REV SPLIT
VOTE NO MORE SHARES
With a 12% dividend and past EPS equal to the current share price, NM is calling. They should be reporting soon. DSX is reporting earnings and Dividend on Nov 12th, and has a past dividend equal to just under 20%. If both hold their dividend and as you say oil stays low, they're worth watching closely. NM bounced of a 1 yr low intra-day and traded under 1x earnings today.
The other stock I've been watching is LDK, a Chinese solar company, building vertical manufacturing and distribution from raw materials to finished panels. They still have a lot of moving parts and haven't got the recognition that US companies have, but if Obama get's in all "solar boats" will float. Their raw materials don't have the same hazard. mat. cautions that their competitors do. Take a look and let me know. I currently don't own any of these, so many choices and so little time.
I noticed the Iraqi Dinar play at the beginning of the war but didn't know how to play it. Doesn't seem to have moved much but long term your probably right. Buy some and throw them in the safe for 10 years.
What is your plan with those 125k shares?
I think this is market conditions escalated by short selling. thats it. Retail is down everywhere. People are jumping which is stupid, causing further turmoil. I think that this stock moved today for a reason and thats because people want to own this stock more than people want to dump it. Sales period are down and this company is growing in a very grim market and i think this stock will start to steadily climb back into territory soon. The only downfall for us will be dilution and reverse split. I dont think there are conspiricy theories behind this. I think at the end of the day we were on the wagon that rolled down the hill a little too far and has a little further to regain its elevation back up the hill. I think the shorts tried to push this company into bankruptcy which were the bond holders(GS) and the fact that it survived is a true testament of its strength. Will we get rich tomorrow? I dont think so but i think we will all have our cake in a few years or so. I can wait. I'd rather be here reguardless. I say buy more and improve your position for the move upward.
But what do i know?
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This guy "PIG FARMER" is running nice people off the room. He must be stopped!
Trust nobody and
VOTE NO REV SPLIT
VOTE NO MORE SHARES
That's the direction I want to take but I can't find answers to dispute all of the conspiracy theories.
I agree, GS and the shorts did this, but Mel gave them the shares to short. He knew this was going to happen. How can he not be involved?
What is your plan for your 125k shares.
I can obviously benefit from your advice.
People are already building Solar panels in their backyards which makes you wonder about investment opportunities in companies that make them. Check out EBAY. You can buy build-it-yourself kits there right now. This also makes you wonder about Energy stocks.
Remember the 80's? Oil companies took out all the competion with low oil price. Everyone lost intrest. By the 90's they were racking us again. Now, in 2000's they report 6 billion dollar profit each quarter.
You must be mindful of the loong history Oil has with supressing all other energy...
But, in the short term, tax incentives are making it look atractive.
Trust nobody and
VOTE NO REV SPLIT
VOTE NO MORE SHARES
With the rise in sp today it got me thinking about some numbers.
We've gone over what some of the worse case scenarios of rs and dilution look like. At the time we did that we were using the .30 cent mark because that's where we were.
With the rise today it got me recalculating those scenarios. Then I remembered the shares that were just sold at .45 cents. I wonder if that was also a message.
The numbers change drastically with the sp.
At .45 cents, $1.2 bil can be raised by diluting with 2.6 bil shares instead of 4 bil shares at .30 cents. That makes the outstanding shares around 5.8 bil instead of close to 8 bil.
It's still not pretty but it sure is a lot less ugly.........
Anyways back to business. I think that these company heads take advantage of a quick buck just like the rest of these bankers have. But i think the plan was to run this company into bankruptcy but now it would put too much light on them after the nations bankers took so many to the cleaners so all they could do at this point is short it to the level they wanted and ride it back up. I thinks Mel will get his (bonus) in a brown paper bag and we will all move on. I think to put this company into banruptcy now would be jail time for a bunch of folks with the market conditions the way they are and federal regulators on everyones doorstep.
Are we getting anywhere or just babling?
Thanks for the input. You've said before that you didn't believe there was much conspiracy going on. But now you said Mel was in on the short and an original plan to bring it down to BK. That's not conspiracy?
to all siri investors:
ignore the pig, remember that silence is golden
I've still got my 40,000 shares of SIRI and I plan on holding on to them for either the ride down to the basement or the ride up to womens lingerie. In the meantime, I'm looking for opportunities in companies that manufacture those big pots they use in soup lines and sticks with big red bandanas the hobos used to carry around. Both will be big sellers if Obama gets elected. If you had told me 2 years ago that SIRI stock would be worth less than a gumball and that an avowed socialist would be elected president of the USA, I'd have had you committed to a nuthouse. But what do I know...as an owner of SIRI stock and a guy who actually thought Mel knew what he was doing, I don't have much credibility.
Anyone noticing the obvious message being given on the Sirius Chat Boards? IMO we are being given instructions on how to average down our investment in Sirius. The Sirius Goons are hard at work here and on the other boards teaching ups and downs and use a piece of your investment at a time. Like we need lessons. But the message is clear.
Mel must have given the orders to propagandize lessons in averaging down and monkey with the PS a few points every day for a few weeks.
The Saturation and Rev Split is a sure thing when you see this crap going on.
I wish I had the funds to average down. But then, I am just one of the unwashed unsophisticated investors that helped keep the Merger going and lost the Farm doing it. Slime Ball Mel wants his ebitabababbab0dahbaba… Mel gets what Mel wants no matter what it costs the stock holders.
Vote No Rev Split
Vote no More Share Issue
Kick Mel out