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Sirius XM Radio (SIRI) just boosted the BEST OF programming option by adding the full NBA line-up. Whether you subscribe to Sirius or XM, you will now have access to the full NBA schedule this season. The announcement comes just one day prior to the beginning of the 2008-2009 NBA schedule.

In an announcement from the National Basketball Association and SIRIUS XM Radio, we learned Monday that satellite radio will deliver live NBA games to subscribers around the country throughout the 2008-09 season. The NBA has been involved with satellite radio since 2003, when it became the first major professional sports league to provide live games on SIRIUS.

SIRIUS XM broadcasts more live NBA games than any other radio outlet. Starting with the Opening Night games Tuesday, XM listeners will have access to more than 1,000 regular season games, plus every game of the NBA Playoffs and The Finals. For most SIRIUS listeners, select NBA games will be available through the “Best of XM” programming package.

“Since 2003 the NBA has been one of the premier programming elements on satellite radio,” said Steve Cohen, SIRIUS XM’s SVP of Sports Programming. “The merger of SIRIUS XM gives us the opportunity to deliver NBA games to more listeners than ever before. XM and SIRIUS subscribers from coast to coast will have access to live NBA action every night, from the tip-off of the regular season through every second of the playoffs.”

“As the first major professional sports league to provide live games on satellite radio, we have always embraced all forms of media to reach our fans, wherever they may consume our game,” said Danny Meiseles, Senior Vice President, Production, Programming, and Broadcasting, NBA. “Now with NBA games available to both XM and SIRIUS subscribers, even more fans will be able to follow our game throughout the season.”

Position: Long SIRI, Proud Celtic Fan.

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This article has 63 comments:

  •  
    Yay I'm the first to comment.........

    I think this is the first time I am the first comment in all 250 of mine LoL
    2008 Oct 28 09:11 AM | Link | Reply
  •  
    make that 300
    2008 Oct 28 09:11 AM | Link | Reply
  •  
    PigFarmer....... I hope you sold your gains yesterday.....
    2008 Oct 28 10:07 AM | Link | Reply
  •  
    GS cut targets to .25 ..... And here it goes..... I HATE GS.... They suck themselves, haha... Dow is up 200 points and GS is down $6.00 itself.....

    LONG SIRI!!!!!!!!!!!!
    2008 Oct 28 10:19 AM | Link | Reply
  •  
    Cos1000, u probably made a good move selling at 42 cents, since Weinkes downgraded Sirius again it will def be down to 25 cents in a couple days if not today.
    2008 Oct 28 10:58 AM | Link | Reply
  •  
    Everyone, please ignore the childish "Im smarter than you" rants of an 8 year old that are dished daily by Pig Virus. He has a small ego problem that leads him to believe he is hurting our feelings by insulting us.

    Generally this type of behavior comes from those with small male genitals. Just ignore it and it goes away.
    2008 Oct 28 11:00 AM | Link | Reply
  •  
    USA NEWS TODAY --- " A study by the , " Massachusettes Institute for Behavioral Science " , discovered an alarming 374% rise in suicides Nationwide last week ......In an interview with Suicide Hotline volunteer , " Pig Farmer " , he is quoted as saying , " Ya , these whiners call me up cryin' about their lousy lives , and I just tell 'em they are a bunch of damn tards , and nobody loves 'em anyway " ........
    2008 Oct 28 12:05 PM | Link | Reply
  •  
    I feel good about selling at .37 now. Thanks Weeiner for your analysis. You rock bro. Dont worry guys, when it hits .20 cents, and I buy back in , I will root for up again!! Right now Im in love with GS. Being a trader of this stock just feels better.
    2008 Oct 28 12:16 PM | Link | Reply
  •  
    SHORT SELLERS NAILED, NAKED!
    Mike H. on the ball!

    I suggest that all members of our group call ISE and their counsel and let them know that we are watching! Please note attachment.

    Strictly a coincidence or have we narrowed down where all the illicit (?) trades are coming from? I and others have been doing some research and it appears as though many of the shorts on Sirius have been routed through a company formally known as Morizio Associates LLC, also known as ISEG, now reregistered with the DTCC clearing Corp. as ISEROUTE. On Thursday October 23rd I made a phone call to them and let them know that there is a group investigating all of the Sirius short sales, many of which appear to be naked, and were being placed through ISEROUTE, their company.

    The gentleman I spoke with wanted to know who I was. I told him that was unimportant. I told him that Racketeering charges were going to be filled against several companies for facilitating these illicit trades. He seemed quite uncomfortable and did not want to answer many questions and suggested I talk to their compliance officer which happens to be in Los Angeles Ca. Phone Number 213- 250- 1406. I left 2 messages to please contact me. He did attempt to reach me on Friday but I was on other call and didn’t answer. I returned his call and he didn’t answer so I left a voicemail and gave more details about my concerns as to all of the short sales on Sirius being routed through their company. Within 30 min I received an incoming call from phone no.312- 902- 5438. The gentleman calling let me know that he was calling me about my concerns with ISEROUTE. I informed him that there is an investigation on going that shows on level two that millions upon millions of Sirius shares shorted are being routed thru them.

    I suggested that many of these shorts were illegal and the racketeering charges would be brought forth against several companies and that ISE may be included. I explained that it has been known for quite some time that off shore hedge funds have stolen millions of dollars from Sirius share holders by nakedly shorting Sirius stock. I informed him that this was in violation of regulation. SHO which require shares shorted be borrowed from actual shares owned in brokerage accounts. His response was that they were a routing company. A pipe line to route and facilitate trades. It wasn’t their responsibility but the broker placing the trades, to insure that the trades are in compliance with regulation SHO. I informed him that this was unacceptable and amounts to nothing more than their clients robbing a bank and that they being the driver of the get away car. It wasn’t until the end of this call that he informed me that he was an attorney from the law firm of Katten Muchin and he was calling on behalf of his client ISEROUTE. So, the compliance officer never spoke with me and immediately contacted a law firm in Chicago.

    Share prices up on Friday in a down market and share prices up today. Is it just a coincidence ?
    Phone 609 430-0100

    I suggest that every party in our group contact ISE and let them know that we will be holding them responsible for all of the illegal short sales and that they are just as responsible as the off shore hedge funds in a conspiracy to defraud shareholders and steal billions of dollars.

    The ISE Stock Exchange is a part of the International Securities Exchange (ISE), a family of innovative securities markets. ISE/Eurex Announcement

    Vote No Rev Split
    Vote no More Share Issue
    Kick Mel out
    2008 Oct 28 12:54 PM | Link | Reply
  •  
    SI62

    Abby emaied me that Pig Farmer was removed.

    Now he is back as Pig_Farmer so please ignore him.
    2008 Oct 28 12:54 PM | Link | Reply
  •  
    Analyst lowers Sirius' subscriber, cash flow estimates and price target


    PHILADELPHIA (AP) -- Shares of Sirius XM Radio Inc. fell on Tuesday after an analyst reduced his subscriber and cash flow forecasts for the satellite radio provider and maintained a "Sell" recommendation on the stock.

    Wienkes believes the company will reduce or miss its subscriber projections as demand erodes.

    He also noted that Sirius' revenue isn't enough to cover operating and capital expenses, leading to negative free cash flow while the company continues to be dependent upon outside financing in a tight credit market.

    2008 Oct 28 01:29 PM | Link | Reply
  •  
    If the company were refinance just its remaining $670 million convert with stock, it would imply 1.47 billion more shares, or about 50% equity dilution, he notes

    FOR THE LOVE OF GOD PLEASE!
    Vote No Rev Split
    Vote no More Share Issue
    Kick Mel out
    2008 Oct 28 03:41 PM | Link | Reply
  •  
    SIRIUS DEFENDS BAD REPORT OF Wienke

    Mike H. requested clarity and a retraction of the bad report from Wienke. Mike requested if the information is a lie Sirius should push for a retraction.

    What does Sirius do? Defend Wienke

    This tells us one of two things.
    1. If the information is true, Mel Lied about being on track in his auto interview Monday.

    2. Sirius is allowing the stock to be manipulated and will not even defend against untrue news.
    --------------
    From: Blalock, Paul [mailto:PBlalock@siriu...
    Sent: Tuesday, October 28, 2008 11:55 AM
    To: Michael Hartleib
    Subject: GS
    On the 3rd line of the report it says "our belief…"

    Paul Blalock
    SVP, Investor Relations
    SIRIUS SATELLITE RADIO
    1221 Ave of the Americas
    New York, NY 10020
    2008 Oct 28 03:56 PM | Link | Reply
  •  
    I don’t think Sirius Roderick matters much any longer.

    IMO, no active investor or day trader has any confidence in Sirius or Mel and Company. People are not as stupid as Mel believes. Yes, Bush has shown us that people can be misled. But eventually the evil is uncovered.

    The Sirius Goons being disruptive and positive double speak on Sirius only makes them transparent. People, even stupid people like me eventually see who is real and who is the “propagandizing Sirius Employee Goon”.

    Mel and Company have done some very evil things. There is so much evil news about Mel that even if 3 things are true, we have been manipulated and cheated. It is all being uncovered now. We may never have justice. But, we will know all the truth.

    This all makes me very sad…

    Vote No Rev Split
    Vote no More Share Issue
    Kick Mel out
    2008 Oct 28 04:19 PM | Link | Reply
  •  
    Obviously the stock price has become a game of manipulation. Mel has allowed this, but it will not be forever. The shorting will continue unabashedly until the financing is in place. It is frustrating to watch right now, but I feel that better days are ahead. The stock market went down yesterday and Sirius was up 8 cents. Today the market is up 900 and sirius is down 2 cents. It is just manipulation at this point and does not have a rhythm or rhyme to it. This is the only way the lenders can make money at this time, and they are making a killing. At least they provided the time necessary to work out the details so Sirius can live to fight another day. Without the last minute financing, the 17 months could have been for not. I believe that Mel is very upset with GS and company but it is not yet time to make "those that want to hurt this stock" feel the pain. Those that want to hurt the company are doing everything in their power right now to accomplish its total destruction. Nevertheless, poor losers (NAB) never win. I would be willing to bet that the NAB will fold long before Sirius does, but at the moment the challenge is truly on for all the shareholders as the wild rollercoaster ride continues. Why did GS put out the .25 target? Why not put it at .10 or .05? At this point anything under 2. is a joke value but it keeps the stock price where it needs to be for now. Nothing will change until "they" decide to change it. I do not see a reverse split or dilution in the works. I see manipulation at its finest.

    Of course this is my opinion. We will all wait and see what happens, and at least it will not be boring!


    Long Sirius
    2008 Oct 28 06:13 PM | Link | Reply
  •  
    Well.....

    I still believe in Mel and I still know where I want my shares to go......
    2008 Oct 28 07:54 PM | Link | Reply
  •  
    NO matter how unorthodox will seem my suggestion, hear it out..

    Here it is. There are millions of retail longs in SIRI. If we organize, we can save SIRI single handedly.

    Here is how.

    The debt to be refinanced on Feb, 2009 is $300M

    Let's refinance ourselves. Open a trust, with single purpose of lending money to SIRI with interest. Many of longs are down at least thousands. So assume everyone of us puts just $100 in the trust, and we lend the money to SIRI with 3% rate (Return on your savings acount in your bank is much less). If every long puts 100, we need just 3 million guys. Next, we refinance the other two installments of debt that are due in 2009 in same manner. So overall, $300 for 2009 per person. SIRI solves its debt issue until 2010 and gets breathing room to concenrate on business.

    Sounds unrealistic so say? Probably yes, but why should only likes of Icahn be an activist shareholders. WE CAN DO also.
    This idea got pretty good traction on SIRI board on Yahoo. The thread is called "Let's do something historic, unprecedented"

    If interested in above mentioned campaign, send an email to savesiri@yahoo.com as well as create an account on thepoint.com and after logging-in, search for campaign SAVESIRIUS and join



    2008 Oct 28 08:10 PM | Link | Reply
  •  
    Average down man..... The company isn't going to go BK.....

    I bought about 12,000 shares at $1.60..... And now my average is to around .80.....

    And if I believe that the RS and Distribution ob shares will go towards debt.... The hell yes....

    It's an easy way to get rid of debt....

    SIRI as a company will not have to pay off another REFINANCE deal....

    and that will scare the $h1T out of the shorts in this company......

    If I believe that's what my money will go towards.... I will wait until the vote buy as many more shares as I can to VOTE YES!
    2008 Oct 28 08:22 PM | Link | Reply
  •  
    Siriusly though,

    I am trying to put a time line together that ties Mark Weinkes pronouncement to the downside to the Sirius' Stock Price. I know pre-merger in June, 08 he was at around 2.25, then in July, 08 he proclaimed 1.50 and we thought how absurd but the stock went to 1.85 and then rebounded to 2.68 right before merger approval. Then merger is approved by FCC, on a Thursday/Friday, 7/31-8/1, last minute negotiations (ugly financing deal) over the weekend and 8/5 FCC issues official reports, we get details of the deal and the Stocks lent are at the exact price of Weinkes target at 1.50. The stock bounces around 1.30 and 1.53 for a couple of weeks and while all these new shares to be shorted need to make money, Weinkes 1.50 target being reached, readjusts to 1.00, and says he as easily could have said .50. Stock Price nose dives to .85 - 90, we wait for Mel, Mel speaks and the stock goes to .70 and then to .60, and Weinkes confirms new target of .50 and we are all F**k'd. Now after feeling BK Fears, Proxy Statement with a RS and Dilution of shares (all shareholders feeling betrayed by Mel), a retrace approaching his old target of .50 as we see a marketing video saying again we're working on it, what does Weinkes do????? Announces a new target of .25 and questions everything without any real changes in the company's execution.

    I really would like to put shorting activity details, what companies and who and what clearing house were the trade cleared through, to the dates of each Weinkes announcement date of his new target. No one has adjusted their targets with this kind of accuracy period ever in the history of trading without insider information and spending time in jail.
    2008 Oct 28 08:26 PM | Link | Reply
  •  
    “Defrauding the American Public is not a Cause of Action for witch reliff can be granted”

    HONORABLE R. BARCLAY SURRICK

    BERG v. OBAMA et al
    dockets.justia.com/doc.../

    Vote No Rev Split
    Vote no More Share Issue
    Kick Mel out Reply |Report abuse
    2008 Oct 28 08:28 PM | Link | Reply
  •  
    Seeking Alpha , Seeking Alpha, this Board has lost all Credibility!!! WTF !
    2008 Oct 28 08:32 PM | Link | Reply
  •  
    Mark2003awol is not the same as Mark2OO3awol: Understand one is with zeros and one is with O's. The number of comments, even though I find them annoying, the answer is to who is who. Mark2003awol with 103 comments is the real Mark2003awol. Cleared that up didn't I. LOL
    2008 Oct 28 08:36 PM | Link | Reply
  •  
    Lookout... Someone is using a simmular name as mine.

    Please note the number of comments I have made is way more than 2.

    I eamiled webmaster already...
    2008 Oct 28 08:43 PM | Link | Reply
  •  
    Thanks Co
    2008 Oct 28 08:45 PM | Link | Reply
  •  
    Or you could just look at the previous comments(Pig_Farmers comments were changed also after he tried to copy mark).... And the fact that they are not screaming

    VOTE NO

    LoL
    2008 Oct 28 08:46 PM | Link | Reply
  •  
    Yah, you just put a smile on my face. Still chuckeling over screeming VOTE NO... LOL

    Guess it is, No, it is iritating... Even to me... But man I gota try tp protect my investment...
    2008 Oct 28 08:53 PM | Link | Reply
  •  
    I will use this name markbawol, until abby gets some time to make bacon out of the pig.

    It's a bit harder to clone...
    2008 Oct 28 09:26 PM | Link | Reply
  •  
    Imposters always show with time..... a little to timely.... a little to in the middle of it all..... a little to right..... Mark Weinkes, I'm talking about you!
    2008 Oct 28 09:33 PM | Link | Reply
  •  
    Cos1000
    Wow man, I am NOT Mark Wankie. That GS cloony needs to go to jail as do the rest of the GS sceemers. I posted this earlier:

    SIRIUS DEFENDS BAD REPORT OF Wienke

    Mike H. requested clarity and a retraction of the bad report from Wienke. Mike requested if the information is a lie Sirius should push for a retraction.

    What does Sirius do? Defend Wienke

    This tells us one of two things.
    1. If the information is true, Mel Lied about being on track in his auto interview Monday.

    2. Sirius is allowing the stock to be manipulated and will not even defend against untrue news.
    --------------
    From: Blalock, Paul [mailto:PBlalock@siriu...
    Sent: Tuesday, October 28, 2008 11:55 AM
    To: Michael Hartleib
    Subject: GS
    On the 3rd line of the report it says "our belief…"

    Paul Blalock
    SVP, Investor Relations
    SIRIUS SATELLITE RADIO
    1221 Ave of the Americas
    New York, NY 10020
    2008 Oct 28 09:40 PM | Link | Reply
  •  
    What I hav been saying is that Mel may be part of all this sceeming. A good many people have that same opinion.

    I am about getting to the truth. I am about stopping the Rev-Split.

    Becasue if the Rev-Split happens, I am destroyed.

    Now we have heard about Mike H, and he has even written about my situation if the Rev-split happens. Mike is on a vandeta because of all the curruption. But all I want is to get out of this stock with my shirt on...
    2008 Oct 28 09:47 PM | Link | Reply
  •  
    Enough already!
    2008 Oct 28 10:11 PM | Link | Reply
  •  
    Did you guys see the prospectus filing tonight? Does anybody know if an earlier version of this was released anytime before the merger? I never came across one.

    An excerpt:

    Risks Relating to Our Common Stock

    The Price of our Common Stock Historically has been Volatile. This Volatility may Affect the Price at which you could Sell our Common Stock, and the Sale of Substantial Amounts of our Common Stock could Adversely Affect the Price of our Common Stock.

    The market price for our common stock has varied between a high of $4.15 and a low of $0.22 in the past eighteen months. This volatility may affect the price at which you could sell our common stock, and the sale of substantial amounts of our common stock could adversely affect the price of our common stock. The price for our common stock is likely to continue to be volatile and subject to significant price and volume fluctuations in response to market and other factors, including the other factors discussed in the risks related to our business and the business of XM Holdings; variations in our quarterly operating results from our expectations or those of securities analysts or investors; downward revisions in securities analysts’ estimates; competitive developments; and capital commitments.

    In the past, following periods of volatility in the market price of their stock, many companies have been the subject of securities class action litigation. If we became involved in securities class action litigation in the future, it could result in substantial costs and diversion of our management’s attention and resources and could harm our stock price, business, prospects, results of operations and financial condition.

    In addition, the broader stock market has recently experienced significant price and volume fluctuations. This volatility has affected the market prices of securities issued by many companies for reasons unrelated to their operating performance and may adversely affect the price of our common stock. In addition, our announcements of our quarterly operating results, changes in general conditions in the economy or the financial markets and other developments affecting us, our affiliates or our competitors could cause the market price of our common stock to fluctuate substantially.

    In addition, the sale of substantial amounts of our common stock could adversely impact its price. As of October 24, 2008, we had outstanding approximately 3,312 million shares of common stock (including approximately 262 million shares of common stock issued and lent to affiliates of the initial purchasers of the notes in order to facilitate hedging transactions), options to purchase approximately 161 million shares of our common stock (of which approximately 117 million were exercisable as of that date at prices ranging from $0.49 to $31.25) and convertible notes convertible into approximately 188 million shares (at conversion prices ranging from $0.69 to $28.46). The sale or the availability for sale of a large number of shares of our common stock in the public market could cause the price of our common stock to decline....

    PLAN OF DISTRIBUTION

    The selling stockholders, including their transferees, pledgees or donees or their successors, may from time to time offer and sell the shares of our common stock into which the notes are exchangeable directly to purchasers or through underwriters, broker-dealers or agents, who may receive compensation in the form of discounts, commissions or concessions from the selling stockholders or the purchasers of the common stock. These discounts, commissions or concessions as to any particular underwriter, broker-dealer or agent may be in excess of those customary in the types of transactions involved. Notwithstanding the foregoing, in no event will the method of distribution take the form of an underwritten offering of our common stock without our prior agreement.

    The shares of our common stock into which the notes are exchangeable may be sold in one or more transactions at:


    • fixed prices;

    • prevailing market prices at the time of sale;

    • varying prices determined at the time of sale; or

    • negotiated prices.

    These prices will be determined by the selling stockholders or by agreement between such selling stockholders and underwriters, broker-dealers or agents. The aggregate proceeds to the selling stockholders from the sale of the common stock offered by them will be the purchase price of the common stock less discounts, commissions and concessions, if any. Each of the selling stockholders reserves the right to accept and, together with their agents from time to time, to reject, in whole or in part, any proposed purchase of common stock to be made directly or through agents. We will not receive any of the proceeds from this offering.

    The sales described above may be effected in transactions:


    • on any national securities exchange or quotation service on which the common stock may be listed at the time of sale;

    • in the over-the-counter market;

    • otherwise than on such exchanges or services or in the over-the-counter market;

    • through the writing of options; or

    • any combination of such methods of sale.

    These transactions may include block transactions or crosses. Crosses are transactions in which the same broker acts as an agent on both sides of the trade.

    In connection with the sale of any shares of our common stock into which the notes are exchangeable or otherwise, the selling stockholders may enter into hedging transactions with broker-dealers, which may in turn engage in short sales of the common stock in the course of hedging the positions they assume. The selling stockholders may also sell shares of our common stock into which the notes are exchangeable short and deliver such shares of common stock to close out their short positions, or loan or pledge such shares of common stock to broker-dealers that in turn may sell such securities.

    The selling stockholders or their successors in interest may from time to time pledge or grant a security interest in some or all of the shares of our common stock into which the notes are exchangeable and, if any selling stockholder defaults in the performance of its secured obligation, the pledgees or secured parties may offer and sell such selling stockholder’s shares of common stock from time to time under this prospectus supplement; however, in the event of a pledge or the default on the performance of a secured obligation by any selling stockholder, in order for the shares of common stock to be sold under cover of the registration statement of which this prospectus supplement forms a part, unless permitted by law, we must file an amendment to the registration statement under applicable provisions of the Securities Act in which the pledgee, transferee, secured party or other successors in interest are included as selling stockholders under this prospectus supplement.
    2008 Oct 28 10:14 PM | Link | Reply
  •  
    Killerkaul

    That is Pig Farmer aka pig_farmer now using my name with an 'I" at the end. He is posting to get his comment count up near my level so he can cause me even more truble.

    I emailed Abby ut no responce yet.

    The pig is obviusly some kind of fanatical nut case

    I am sorry that he is ussing my name for this.
    2008 Oct 28 10:18 PM | Link | Reply
  •  
    Ya know Mark,

    I'm in the same boat as you. I'm concerned about the same things you are.

    But have you thought about the possibility that the rev split and dilution could save the company and us?

    You can work the numbers how ever you like, but imagine the possibility of July 2009....... Rev split and dilution was completed and because of it funds were raised to PAY OFF the $1 bil+ in 2009 debt......PAID OFF...not put off to another time with more interest................. of the rev split, our outstanding shares are around 400 mil instead of 3.2 BIL....which is the first reason the MASSIVE shorting will come to an end, there won't be enough shares to support it..............By July, SIRI has met or beat Q4 2008 numbers, met or beat Q1 2009 numbers, and ready to report the same for Q2 2009......Al a cart, new products, cash flow positive.........what is there to short????? There's no reason SIRI won't have at least a $5 bil market cap and growing..................

    I know what the downside concerns are,,,,,,,,,,but that's a believable scenario........

    Without the rev split and dilution,,,,,,,we muttle along like we are now, struggle with deadlines to pay the 2009 debt in pieces (which end up excuses to give bad news by people like Wenkie)....3.2 BIL shares that continue to get shorted the entire way.........

    You have to at least consider both sides............

    Again,,,,I'm just trying to have an open mind to all posibilities, I'm in the same boat as you.
    2008 Oct 28 10:19 PM | Link | Reply
  •  
    HAy SI62 glad you are here still...

    No I did not see that prospectus before. I am sure they had one. But, Mel probably ordered updates to cpver his butt.

    Vote No Rev-Split
    Vote No More Shares
    2008 Oct 28 10:23 PM | Link | Reply
  •  
    The Market soars today and yet again Sirius remains in a class of it's own. I give it a little more time and it will be back at .20. I will still buy a bung load at this price because I do believe it will roll a few more times and some money can be made before it tanks or reverse splits. That is the kind of whore I have become. I no longer believe in this company or it's merits. It is a company of sheisters and con men. Even the douche bags on this forum have been helping reinforce the true nature of this company. At this point my entire investment portfolio contains day traded stocks and solid corporate growth stocks and I am cautiously inching my way toward being whole. Anyone with any foresight should be doing the same thing. The market bottom approaches and it may be decades before we get another chance to see a bargain market like this! Sitting long on Sirius at this point is a sad waste of life. I lost 72% of my $400,000 investment on Sirius. Quite nauseating, but not the end of the world. I have made half back so far and will soon become whole. The key to this seems to be one thing. STAY THE HELL AWAY FROM SIRIUS STOCK! It is for options traders and day traders and gamblers only. Anyone else is a fool. (including yours truly). I am not phased by the 30% gain in one day because I know it will tank again the next. I am no longer willing to bet the farm on this crap. This stock is infected with a doom I should have seen from the beginning. Those of you who are winning some money on this recently, well, luck be with you because it has been nothing but a lottery ticket. F@#*ing Mel is a world class ass hole whose plans and schemes are designed with only his personal self serving agenda in mind. If all the long Sirius stock holders would get out now and leave it to the shorts to drive it the rest of the way to the grave, well then, I guess it would leave Mel eating his own balls. Nice.
    2008 Oct 28 10:28 PM | Link | Reply
  •  
    Hey Mark...

    This is part of what we were seeing in LVL2 to introduce resistance when necessary with the huge block sizes.

    >>These transactions may include block transactions or crosses. Crosses are transactions in which the same broker acts as an agent on both sides of the trade. <<

    A lot of that going around. I'm in another stock right now where that happened today. Maybe not a cross but similar blocks and MM manipulation to keep a cap on upward movement when the Nas took off like a rocket.
    2008 Oct 28 10:31 PM | Link | Reply
  •  
    Sieiusly Depresed

    We have had this debate and I agree we should just disagree.

    We will never convence each other as you are avg in low and have everything to gain. I am avg in hi and locked without more assets. If the rev-split happens it puts me at a min of 75.00 per share. I lose my shirt. You will buy 2 houses in a few years.

    Mel does not need to put this on share holders back. No BK possible. All we need to do is make Mel get off this plan of his. And IMO it was his plan to rape stock holders all along. Mike H. has uncovered so much curuption about Mel and this Merger it is unreal. But all I want is to stop the Rev-Split and the added shares.

    So let us just disagree.

    Vote no Rev-Split
    Vote no More Shares
    2008 Oct 28 10:32 PM | Link | Reply
  •  
    Markbawol................ Not your fault........... the little puke needs to be taught a lesson............ ya I know, but all of you are going to have to get in line..................... behind me. You know.............. what I'd really like to do is set the Big Blue Dog on him...........I'd kind of like to hear him scream like the little girl he truly is. killer.
    2008 Oct 28 10:33 PM | Link | Reply
  •  
    What's up sl62, good to see ya,

    Pig farmer, or Mark with an I, what ever he is,,,He's either a 14 year old kid or a plant trying to piss everyone off so they leave the board.

    bdp, I can't disagree with you,,,this is insane......there has to be an end to this nightmare though,,,,,,,,,,it can't go on forever........
    2008 Oct 28 10:35 PM | Link | Reply
  •  
    Hey SD,

    I see...

    Just dropped by to share that prospectus filing excerpt. Interesting huh? Too bad that wasn't filed in August (lol). It's what I thought Mel should have said to all potential and existing shareholders in some form then (that "our stock is EXTREMELY VOLITILE right now and you should consider that regarding your investment stategies") or something to that effect...

    That would have been keeping shareholders in mind at least and giving them a chance to make informed (and forewarned) decisions.

    2008 Oct 28 10:44 PM | Link | Reply
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    sl32- Mel keeping shareholders in mind? Why would he do that?
    2008 Oct 28 10:48 PM | Link | Reply
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    Mark,

    I'm not saying I disagree with you.......It's hard to disagree with you,,,there's a lot of evidence..........

    I've just never had this debate with you and haven't seen your answer to the scenario I proposed............

    btw,,,,,I'm averaged at $2.10 and I don't have much left to average down........

    I have one move left.............I sold 1/3 of my shares today at .36......I will now wait as long as I have the balls for and hope to jump back in in the low to mid 20's and I will throw in the last round of amo I have.

    I hope this will get me to 12k shares averaged in at around at about $1.00.
    2008 Oct 28 10:49 PM | Link | Reply
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    sl62,

    yea, very interesting. When WAS that released??? It had dates in as recent as last week didn't it?
    2008 Oct 28 10:51 PM | Link | Reply
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    It also mentions the low end of the sp being .22.......that didn't happen until Friday?????????????

    Why are they warning us now???????
    2008 Oct 28 10:52 PM | Link | Reply
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    hey bdp...

    Like your strategy...and hear ya.

    So here's what Cramer told us and what the company is telling us NOW...

    >>In connection with the sale of any shares of our common stock into which the notes are exchangeable or otherwise, the selling stockholders may enter into hedging transactions with broker-dealers, which may in turn engage in short sales of the common stock in the course of hedging the positions they assume. The selling stockholders may also sell shares of our common stock into which the notes are exchangeable short and deliver such shares of common stock to close out their short positions, or loan or pledge such shares of common stock to broker-dealers that in turn may sell such securities. <<

    I like this graph too. From Hartlieb's activity? Or maybe it's just standard legal...but timely.

    >>In the past, following periods of volatility in the market price of their stock, many companies have been the subject of securities class action litigation. If we became involved in securities class action litigation in the future, it could result in substantial costs and diversion of our management’s attention and resources and could harm our stock price, business, prospects, results of operations and financial condition.<<
    2008 Oct 28 10:53 PM | Link | Reply
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    SD...

    Released after the close tonight. Another little gift! That's why the .22 is in there. They must have just drafted a lot of this up last few days...
    2008 Oct 28 10:55 PM | Link | Reply
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    Are they explaining the past or warning us for more in the future????
    2008 Oct 28 10:56 PM | Link | Reply
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    Personally, it feels like a CYA moment to me. As we've been told, they monitor these boards and probably feel teh pressure. Hartlieb has been on the prowl, and quite frankly as I've said here before...any stock that goes from $4 to .22 is going to need some splainin' done to somebody. It just depends who takes notice and how high up they are IMO..

    Plus as you say, I think they are telling us it's headed lower so be careful from here...at least it's something but we all kind of already figured that out..(lol)
    2008 Oct 28 11:02 PM | Link | Reply
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    SD

    That could be a good stratigy but 2 things.

    1, We see SP control. The stock several times did not go down on more bad news. I can't trust what Mel will do next. With my luck, I will sell and it will go way up.

    2. I have an old long possition with preserved dates. The date is valuable and I have been advised not to play with it. IE, Class Action.

    I am praying Mel will hit us with great news and this stock will shoot up over 2,55 by Dec 18. If not, a few layers are going to make some big bucks...
    2008 Oct 28 11:03 PM | Link | Reply
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    My head is spinning so fast I don't know what to believe or think....

    What do you think about the Wenkie release and it's timing???

    As much as I hate the guy, it's almost like we're being told the future. Everything he says comes true...... I've voiced my own concerns about some of the things he said.........In this horrible economy with job losses growing with no end in sight, how can churn NOT increase?????

    It's like Mel is using him to warn everyone..............
    2008 Oct 28 11:10 PM | Link | Reply
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    I think cos1000's take on Weinkes ties right in....and I think yours or WTMBS?'s about why he would even bother with .25. Although on 10/16 Stanford Research went to .25 first. I missed it, it kind of went unoticed. I wonder if that's what caused the price to drop to .20 on Friday and .29 that Thursday. Weinkes probably felt compelled to match and obviously to impart all that other negative info....
    2008 Oct 28 11:11 PM | Link | Reply
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    Mark,

    Include me in on that prayer...........$2.55 by 12/18 will make for a merry Xmas..........

    That better be some incredible news he's got.
    2008 Oct 28 11:13 PM | Link | Reply
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    SI62

    How hi a level person does it need to be?

    Mike H. has transcripts and testamony Mel made to Congres were Mel lied. A big conspiricy was going on to control all the Sat Bandwith.

    I love the idea of a company I own a steak in controling the Bandwith. But the point is he got away with lieing to Congres with aid of the FCC.

    Curuption? Maybe It goes all the way up. If so, stock holders of Sirius are doomed... God I hope not...
    2008 Oct 28 11:15 PM | Link | Reply
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    I just have a bad feeling about this Q3 report................

    2008 Oct 28 11:16 PM | Link | Reply
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    Relmor could whip up a nice conspiracy theory for you that would include GS, the FCC, the demorcratic party and anyone else you wanted in there...............
    2008 Oct 28 11:18 PM | Link | Reply
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    It'll be believeable too..........
    2008 Oct 28 11:19 PM | Link | Reply
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    Yeah, it's hard to say. All we know for sure is they're right. VOLITILE! My take is anything is possible. I found that one graph about the litigation interesting. At the end, it almost seem to say, if you try that, we will do something drastic to you (like going private or who knows what else). Just my interpretation but not necessarily the gospel. But we now saw Friday and yesterday what a big time short cover looks like. If you had the chance to watch it on a real time board, it was a thing of beauty. The upside pressure is just relentless and you can't stop it until all the buy orders are filled--no questions asked. And as the bids come flood in, MM's just keep ratching up, then down a tick , then quickly back up 2 ticks, etc...My point is, there is so much shorting on this stock who knows, it could still cruise up to like .80 one day or two in the future. It was nothing getting to the high yesterday of .44. And that was just a partial cover. I can definitely see at least .60/.70 but who knows where it will stop. All I know is if you see that kind of buying in the future, the short cover is on and try to jump in and take the ride.
    2008 Oct 28 11:25 PM | Link | Reply
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    Mark...

    If someone influential media person picked up the story, it could eventually get to someone like Cuomo. Even though SIRI is incorporated in Delaware, (like many companys for tax purposes), they still headquarter in NYC--of which Cuomo is AG. What I would do if I were Mr. Hartlieb is try to contact Cuomo with is paperwork and man hours and see if the guy has any interest in looking into it...Or contact D. Faber at CNBC and see if he wants to make something out of it...
    2008 Oct 28 11:33 PM | Link | Reply
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    Or better yet, junk yard dog Charlie Gasparino. He loves uncovering corruption!!
    2008 Oct 28 11:34 PM | Link | Reply
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    Later guys...
    2008 Oct 28 11:39 PM | Link | Reply
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    Seriously Depressed....

    to your 10:19 comment.....

    I think Mark can vouch for me that I have proposed that idea many times to him..... almost in the exact same words you did........

    But yea I agree with that idea.... but for me it's hard to grasp what mark is saying i guess because i don't hold as much stock at the price he does....

    Although I have proposed the idea of averaging down when they dilute the shares to him.... He hasn't gotten back to me yet
    2008 Oct 29 12:18 AM | Link | Reply
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    Importance: High
    Sensitivity: Confidential


    Sirius and XM have colluded and conspired to consolidate all of the SDARS spectrum. I and other share holders (numbers exceeding 500) have filed an action against Sirius/XM's management and board of directors for racketeering.

    Mr. Karmazin was brought out of retirement by Mr. Leon Black from Apollo for the purpose of consolidating and gaining control of all of the satellite radio spectrum. He has made it clear that his own self interests and the interest of the other board members, including Mr. Leon Black, is opposed to that of the individual shareholders. Mr. Karmazin should have walked away from this merger many many months ago and should have commercially introduced interoperable radios into the market place. This would have given consumers the choice the FCC Federal Licensing Mandate required as well as Sirius XM's Joint Development Agreement.

    If Mr. Karmazin would have been able to put his ego and self interest aside he would not have held his shareholders hostage during the longest delay in merger history and wait till the last minute to obtain the necessary financing for XM's debt. How does a CEO of Mr.. Karmazin's stature not have back up plans A, B and C and be forced into financing terms in the 11th hour that causes his company shareholders to lose 80% of their value in a matter of days following consummation of this merger?


    Mr. Karmazin has not done anything to enhance shareholder value. On the contrary, he destroyed it. He's damaged his shareholders to the tune of billions of dollars.

    The final chapter in this multi-year conspiracy will be to steal the combined company from its shareholders. The table has been set. Mr. Karmazin has publicly stated to Sarah McBride of the Wall street Journal, not more than three weeks ago, that he would "love to take the company private at these levels". Mr. Karmazin publicly admits that he would steal this company from its true owners at pennies a share if given the opportunity. Now, the Board of Directors are suggesting a 1 for 50 reverse split and massive amounts of dilution to a number of shares totaling 8 billion in the fully diluted float. I predict that after a say 1 for 40 reverse split that will give the 20cent share price a post reverse split price of $8 a share. Then what will happen the executives will pay themselves hundreds of millions of dollars in new shares, capital will be raised by issuance of these shares and then at some point in the not so distant future an offer will be made at a substantial premium to take this company private. What people will forget is that $8 a share is really 20cents to the current owners of this company (ie: the shareholders) and even at a 100%premium at $16 a share they would be stealing the company from it shareholders for a mere 40 cents a share. I and other shareholders will not stand for this. We intend to prevent this from happening by any means possible. We are going to demand Mr. Karmazin and other board members be held accountable. savesirius@gmail.com
    2008 Oct 29 05:38 AM | Link | Reply