Is Sirius XM Facing a Nasdaq Delisting? 58 comments
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By David “Newman” Phillips
This past Friday, Sirius XM (SIRI) saw some wild swings in stock price because of the Russell Index rebalancing. I will not get into my opinion on that, as it has already been covered on the SatWaves messsage boards, but what I do want to get into is another delisting possibility that is looming: NASDAQ. The NASDAQ has put a hold on its listing requirements until July 19th, which was previously extended from an April 19th deadline. The announcement of that extension came on April 1st. With July 1st rapidly approaching, we may be due for another announcement regarding the intentions of the NASDAQ. Russell didn’t feel the need to modify their listing requirements. What will NASDAQ decide?
Truthfully, I think they will extend it again. Just by doing a quick search, I find 266 NASDAQ listings sitting below the $1 threshold, with nearly half of those (125) listed under 50 cents. With NASDAQ playing host to just under 3000 companies, this would represent nearly 10% of the companies getting delisted. I just don’t think it happens, and we will get an extension notice within the next week, but what if they don’t extend the deadline? Who cares.
That is right, I said who cares. I say this for 2 major reasons. First, with the way the stock has been trading and all of the short-, mid-, and long-term catalysts coming up, I can see this stock breaking the $1 requirement by the end of the year.
Second, I think all of the stars and moons have come into alignment, and I am officially blessing a reverse split by the company. For those that follow the forums, you know that I have been ardently against a reverse split unless a lot of things come together to make the timing perfect, and I think we are very nearly there. the Apple (AAPL) iPhone app has hit the street, the new Bond Issuance has been a huge success, new movements in the used car business, improved fundamentals, and improved OEM sales and production have all led to a tidal wave of positive news for the company and the stock, which will lead it higher throughout the year (and by the way, the release of StockShock: The Movie didn’t hurt either!).
Just because I see this as a non-issue though, does not mean that we should not be aware of it and we should certainly not downplay its ability to affect the stock price in the short term.
Disclosure: LONG SIRI, No position in any other security mentioned.
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This article has 58 comments:
SIRI is showing potential toward $1.00+ on its own over the next six months to one year and it is not clear that a reverse split would be beneficial to current stockholders who have weathered the storm and now await the upside that appears to lie ahead. Unless it is clearly demonstrated by the Sirius XM Board as to how and why this type of action would be warranted and beneficial going forward, let's allow the current path to recovery proceed on its own.
As far as Siriux/Xm is concerned, given time and the correct marketing strategy this company should flourish. However that being said, I have not seen the appropriately marketing tactics implemented. They are missing the boat on so many fronts.
Two cases I will site. A lot of people still are not aware that the merger took place. I will suggest an answer to this because they are too in your face to even waste your time. However the lack of awareness of Sirius/Xm on the iPone 3g is a debacle. I stopped by the Apple store at the Freehold Raceway Mall and even the head manager was not aware of it. No advertisement in the store at all. What a disgrace. Wake up folks.
Here' a novel idea. I live at the Jersey Shore and can tell all the folks who aren't aware, that there is a tremendous captive audience that could be tap for the cost of nickels and dimes. There is an advertising media of "SKY BANNERS" that are pulled very slowly across the horizon along the beach front. Easy to read thus easy to digest. Since there is over 100 miles of beach front in Jersey alone, you are talking about reaching over a million people per day. Multiple that per week assuming that the same mix of people will view it during a week's vacation and then multiply that number by the states that have beach front in the US, this becomes a staggering number. Do the same overseas now since Sirus/XM is global with the iPhone you have a far reaching mode of advertising for minimal costs. Peanuts I am talking. My god wake up folks ... you just don't get it.
I have read so many other ideas in the many Blog sites I visit, so I don't understand why they are so lame in their marketing approach.
I suggest of Sirius/XM to listen to their stock holders ideas and maybe they will become a force in the world of entertainment. We will offer our advice for free; therefore you can create a great deal of savers by preempting the costs of hiring advertising and marketing companies that apparently do not see the big picture very well.
Amen
Does anyone know why Russia is the county of choice for sirius Proton comsat rocket to be launched today at 310pm
Not the cape?
Is Sirius XM FACING NASDAQ DELISTING?
I dont care what spin you gave in the actual article..
The heading says it all, SHAMEFUL.
Pros: Getting the stock price above $1 will
1. Attract institutional investors.
2. Make the stock less attractive to Short Sellers.
3. Reduce the number of outstanding shares.
4. Prevent Delisting.
Cons:
1. Could drag stock value down.
2. Low price stock attracts some invenstors.
3. We've stood out ground this log, more upside is not far, price could get to above $1 in the near term without rsplit.
On Jun 30 10:07 AM larry luv wrote:
> Sir, WHY would you post an article like that heading at this juncture?Sirius
> XM is getting positive feedback from outside sources,New Satellite
> about to be launched today and now this?
> Is Sirius XM FACING NASDAQ DELISTING?
> I dont care what spin you gave in the actual article..
> The heading says it all, SHAMEFUL.
I agree with the comment above re: the timing and title of this article. Thanks a lot ahole.
1. We are still very much in a bear market.
2. Still not convinced yet(as of today) shorts arent ready to come back.
3. R/S now does little for Malone and Liberty, before Jan of 2010. I think you know why.
4.No positive earnings yet.
5. Still coming off sub losses.
Conclusion. I completely disagree with this article ,and now is not the perfect time, nor is one month from now. If they break and hold $1, with a few things above reversing, then go for it. A R/S is a bear market is not smart, unless unavoidable.
On Jun 30 10:58 AM relmar2003 wrote:
> Newman, this is a terrible time to do a R/S.
> 1. We are still very much in a bear market.
> 2. Still not convinced yet(as of today) shorts arent ready to come
> back.
> 3. R/S now does little for Malone and Liberty, before Jan of 2010.
> I think you know why.
> 4.No positive earnings yet.
> 5. Still coming off sub losses.
>
> Conclusion. I completely disagree with this article ,and now is not
> the perfect time, nor is one month from now. If they break and hold
> $1, with a few things above reversing, then go for it. A R/S is a
> bear market is not smart, unless unavoidable.
Institutional Investors will not touch a stock under $5.00 and to get to that price with a reverse split would wipe out all the commons.
This penny stock is making new investors wealthy. Some say a split will be good for SIRI. But, given the history of Mel, a rev-split is a bad idea. This article could not have posted at a worst time!!!
A rev-split will make CEO, Mel very happy. This has been his plan and now with Malone 40 percent hold, a split is what Mel needs. Mel had a reason before and now he has a better reason. Originally, Mel had a plan to reduce the issue and the stock price for the purpose of taking SIRI private. ( This was the panic in the Dec 2008 Stock holder meeting. ) BELIVE WHAT YOU WANT.
Now, the new reason for Mel to want a rev-split. Malone’s 40 percent hold can be reduced. Split the stock back to 50 for 1 and then issue more stock. Oh, yah!
Let’s not forget, SIRI makes no money and needs to work the penny scam (split, issue more, endlessly). The penny scam will reduce Malone’s hold just as the old longs.
Bottom line here is that Mel wants the rev-split. Many of us believe he is “intentionally screwing up” every company move to insure a split happens.
Everything sucks - A rev-split will put many long time longs like me in the poor house. These days most people don’t care about anyone else. Kindness has been lost in America. When it comes to money, it is dog eat dog.
I wish Mel would just get it over!!! He is going to do it. Come on Mel; lock your most loyal long term pre-merger investors into a 79.00 per share position!!!
If you think people hate Mel and attack SIRI now, wait and see what happens if Mel gets his rev-split. It will be war!!!
Most newbie’s are not aware that SIRI and Mel are fighting stock holder lawsuits. Mostly these are for failing to protect stock holders. Government protection and proof of damages have limited investor recovery. The rev-split will change the limits.
“No sale, no lose” is the term SIRI uses to defend against loses. Thousands of pre-merger long investors are holding SIRI with hope of recovery of the stock. These people are mostly advised not to join or start a class action for the injustices of the past two years.
However, if/when a rev-split is executed, Mel and SIRI is going to be bombarded with lawsuits. People have been holding back. I am one of these people. I have thousands of pages of proof that Mel is a gangster.
The pre-merger investors could kill SIRI in court. Mel knows he has a fight brewing.
Like- isnt this a BIG DEAL?
anybody out there?- that doesnt say the same thing over and over
maybe u should but mel in the payload
SIRI must be late sending the check. Come on Mel, you know you must pay Seeking Alpha on time.
Your screwing up all the good press from the Ipod App. Send the dam check.
On Jun 30 12:09 PM dead elvis wrote:
> so........why are they shooting their rocket today from Russia?<br/>
>
> Like- isnt this a BIG DEAL?
>
> anybody out there?- that doesnt say the same thing over and over
>
>
> maybe u should but mel in the payload
On Jun 30 11:44 AM SIRI-Doom wrote:
> DID SOMEONE FART ?
>
> This penny stock is making new investors wealthy. Some say a split
> will be good for SIRI. But, given the history of Mel, a rev-split
> is a bad idea. This article could not have posted at a worst time!!!
>
>
> A rev-split will make CEO, Mel very happy. This has been his plan
> and now with Malone 40 percent hold, a split is what Mel needs. Mel
> had a reason before and now he has a better reason. Originally, Mel
> had a plan to reduce the issue and the stock price for the purpose
> of taking SIRI private. ( This was the panic in the Dec 2008 Stock
> holder meeting. ) BELIVE WHAT YOU WANT.
>
> Now, the new reason for Mel to want a rev-split. Malone’s 40 percent
> hold can be reduced. Split the stock back to 50 for 1 and then issue
> more stock. Oh, yah!
>
> Let’s not forget, SIRI makes no money and needs to work the penny
> scam (split, issue more, endlessly). The penny scam will reduce Malone’s
> hold just as the old longs.
>
> Bottom line here is that Mel wants the rev-split. Many of us believe
> he is “intentionally screwing up” every company move to insure a
> split happens.
>
> Everything sucks - A rev-split will put many long time longs like
> me in the poor house. These days most people don’t care about anyone
> else. Kindness has been lost in America. When it comes to money,
> it is dog eat dog.
>
> I wish Mel would just get it over!!! He is going to do it. Come on
> Mel; lock your most loyal long term pre-merger investors into a 79.00
> per share position!!!
>
> If you think people hate Mel and attack SIRI now, wait and see what
> happens if Mel gets his rev-split. It will be war!!!
The only requirement is a notice of Dlisting via the 1 dollar rule. The SIRI board determines the ratio as needed for the event. I was at the Dec 2008 Stock meeting for the vote.
NOT theory, when it comes to the facts, I have it on Mel... But, this is giving me a head pain today.
On Jun 30 12:09 PM dead elvis wrote:
> so........why are they shooting their rocket today from Russia?<br/>
>
> Like- isnt this a BIG DEAL?
>
> anybody out there?- that doesnt say the same thing over and over
>
>
> maybe u should but mel in the payload
Billy
the launch
ccistream.com
On Jun 30 01:27 PM Hawk180 wrote:
> Because Russia is willing to launch the satellite for about 40% of
> the price any American company will do it for. It is a deal of getting
> the job done at less cost. Also, placing objects in orbit depends
> a lot on where they are launched when it comes to cost. In this particular
> case, it could be that launching it from Russia is most likely a
> better choice as it negates having to maneuver the satellite to place
> it in the proper orbit.
1. Stock price will be allowed to rise.
2. Equity for debt swap, or an outright stock sale.
3. Malone converts shares.
I give no time references for these events, but this order is pretty solid in my thinking.
Guess what I just got- an e-mail advertising a free SIRI Radio with promotional sign up for all NRA members! So they are adverstising- just in obscure ways...
Otherwise -AWESOME- SIRI is actively advertising to the Pro-gun / 2nd Amendment Rights folks like myself. Now I can toon in to oldies and listen to 38 Special whila shootin my .38 special!
For all u NRA memebers - link is below...
PEACE
Limited-Time Offer for NRA Members:
Get a FREE SIRIUS Radio
with the purchase of a 6-month subscription
Thanks to the overwhelming response from NRA members, SIRIUS has extended this offer until 7/31/09!
----------------------...
OFFER DETAILS: To qualify for instant savings on eligible radios, you must buy a minimum Quarterly subscription plan together with the eligible radio between 5/26/09 - 7/31/09. The discount will be applied at the time of sale. You must activate your Sirius subscription on that radio no later than 7/31/09 with a valid credit card (may be combined with a Sirius prepaid card); pay an activation fee of $15.00, other fees, and any taxes that may apply on your subscription, and retain that credit card on the account for automatic recurring service billing. Failure to maintain 6 months of continuous "minimum service commitment" for each radio will result in a $50 early cancellation fee per radio. Service will automatically renew for additional periods of the same length as the Plan you choose, at the then current renewal rate unless you cancel. Hardware sold separately. This offer may be modified or terminated at any time. Pricing, programming, schedule, and channel assignments are subject to change. Check Sirius.com for the latest updates. Subscriptions are governed by the SIRIUS Terms & Conditions available at sirius.com/serviceterms, except that the terms regarding an early cancellation fee shall supersede. SIRIUS U.S. service only available in the 48 contiguous United States and the District of Columbia.
www.nranews.org/UM/T.a...
Malone has already been issued mass dilution in shares. Yes, the second part of the Malone deal has more dilution. A rev split would decrease the existing issue to Malone.
What I remember is the second part had an open date (not sure) for conversion but a clause that prevented more than 40 percent ownership. Malone’s second phase shares will only be reduced if he cashed in on them before the split. However the original shares will be reduced and maybe far enough reduced as to remove Malone’s seat on the board. Malone seat on the board is a good reason to fight against a split.
Anyway, it is moot. If Mel gets the chance to split, he will split. He will split maybe for no other reason but to milk investors in the penny scam with endless splits and re-issue.
Looking at current events, I am NOT sure the NasD will extend again. The entire country is working upside down and in reverse. People have gone nuts.
As for trading at 46 cents affecting the split, it depends on what ever Mel wants to do. He could announce and lock the split price or he could announce and wait for the stock to drop and go for the full 50 for 1 split. All scary prospects.
On Jun 30 04:26 PM SIRI-Doom wrote:
> relmar2003, are you confusing people for a reason?
>
> Malone has already been issued mass dilution in shares. Yes, the
> second part of the Malone deal has more dilution. A rev split would
> decrease the existing issue to Malone.
>
> What I remember is the second part had an open date (not sure) for
> conversion but a clause that prevented more than 40 percent ownership.
> Malone’s second phase shares will only be reduced if he cashed in
> on them before the split. However the original shares will be reduced
> and maybe far enough reduced as to remove Malone’s seat on the board.
> Malone seat on the board is a good reason to fight against a split.
>
>
> Anyway, it is moot. If Mel gets the chance to split, he will split.
> He will split maybe for no other reason but to milk investors in
> the penny scam with endless splits and re-issue.
>
> Looking at current events, I am NOT sure the NasD will extend again.
> The entire country is working upside down and in reverse. People
> have gone nuts.
>
> As for trading at 46 cents affecting the split, it depends on what
> ever Mel wants to do. He could announce and lock the split price
> or he could announce and wait for the stock to drop and go for the
> full 50 for 1 split. All scary prospects.
What ever is required to get to 5.00 is how the rev-split was defined. We all know the game that could play out to make the stock drop to get the maximum 50 for 1 split. Mel wants to reduce the issue as much as possible.
1) I didnt choose the name of the article. That was SA that did that. The original title of the article, which can be found at www.satwaves.com/blog is "On the heels of Russell, what will NASDAQ do?"
2) To all of you rocket scientists out there who are conspiracy theorists (SIRI-DOOM), try doing a bit more research. R/S has ABSOLUTELY NO BEARING on Malone's 40% stake. The investment agreement says that the Preffered Shares convert into 40% of the shares outstanding AT THE TIME OF CONVERSION. If Mel put out 5 trillion shares tomorrow, Malone would still have 40%. The only way to dilute Malone is to do something to force Malone to convert, and THEN issue more shares.
3) To those same people: A reverse split reverses ALL SHARES AUTHORIZED, not just shares outstanding. There are currently about 3.5 billionish shares outstanding, and 8 billion authorized. Assuming a 10:1 reverse split, it would cut the outstanding shares to 350 million, but it would also cut the 8 billion authorized down to 800 million.
4) As far as the "endless penny stock games", name me one company that was an "endless penny stock" that had 2.4 billion in revenue. None, zero. Zilch. Nada.
5) Malone was not given a single common share. He recieved NOTHING but prefferred shares. Some class A, some class B, but all prefferred. A RS does NOTHING to Malone or Liberty's investment.
6) SIRI-DOOM: Don't insult Relmor. Obviously, he and I disagree on the RS issue, but both his and my arguments are based on FACTS. Yours are based on conspiracy theory, speculation, and coincidence. You cant even make an argument referencing facts without stating, as you did above "I think". Post some links. Relmor's facts and mine are rock solid, and we can post links to prove them. Can you? Go back and quote the portion of the investment agreement with Liberty that states that there is an expiration for conversion. Go back and quote the portion that says that Malone was given common stock. Go back and quote the portion that proves that a reverse split will reduce Malone's position. The fact is that you cannot, because you do not know your facts. You don't deal with facts. You deal in theory only. Your arguments are asanine and incorrect.
One can say the same thing 5 different ways. But starting out buy saying I am wrong and then saying what I said and adding a twist is just causing a diversion.
Twisting of the truth does not make it less true. Malone’s shares that have been issued will be reduced in a rev-split.
Malone’s second phase conversion will not be reduced unless Malone converts BEFORE the split.
I AM NOT WRONG. But you people keep saying the same thing and saying I am wrong... JUST DUMB SELLING SIRI GOING ON HERE. THIS IS STUPID!!!!
Just believe what you want.
On Jun 30 05:29 PM *Newman* wrote:
> This is David "Newman" Phillips. Contact me at newman@satwaves.com.
> A quick rebuttle here:
>
>
> 2) To all of you rocket scientists out there who are conspiracy theorists
> (SIRI-DOOM), try doing a bit more research. R/S has ABSOLUTELY NO
> BEARING on Malone's 40% stake. The investment agreement says that
> the Preffered Shares convert into 40% of the shares outstanding AT
> THE TIME OF CONVERSION. If Mel put out 5 trillion shares tomorrow,
> Malone would still have 40%. The only way to dilute Malone is to
> do something to force Malone to convert, and THEN issue more shares.
>
>
Do you really want to know?
Mel is screwing SIRI Stock Holders for his continued but ever changing evil plans. Mel has no respect for The “Unwashed Common Stock Holder”.
December 08 before the stock holder meeting, I informed everyone on Seeking Alpha that “Two Private Investors have made offer to Mel. The offers would have eliminated the need for a Rev-Split. If Mel had taken one of the two offers we would all be looking good and no Rev-Split would be looming. Mel refused the offers before the December 08 Stock holder Meeting. Mel NEVER INFORMED STOCK HOLDERS OF THE OFFERS. The offers at the time were much better than what happened in the SIRI takeover war.
Now, Mel wants his Rev Split and he will soon get it. Originally Mel desired to take SIRI private and this may still be in the works. However, now we have a 40 percent partner. One way to reduce that 40 percent partner is to Rev-Split 1 for 50 and then issue more stock during the next “Mel created emergency”. The key idea here is that Mel has a plan and his plans always screw stock holders.
More history- Mel invented a lawsuit and paid a third party to sue SIRI. Yes, you read that correctly. It is well known that Mel attempted to get total protection from class actions of stock holders for his antics during the merger. Fortunately, Michal Hartlib discovered the corruption and prevented Mel from obtaining the protection. The Judge in that case was outraged.
SIRI Stock Holders can not get a fair vote. Between our 40 percent partner and the reserve stock held by the company, public stock holders are out-numbered. Mel is a wild man and he is running fully unchecked.
Wall Street and Main Media have been burned and given up on SIRI. They know but can not write about what Mel did to stock holders of three companies that he devastated, took private, and merged to build Viacom. Three years beating back lawsuits and Mel became a media mogul on the backs of poor beaten investors. This is all well known information that Mel is proud to speak about during parties for the rich and famous.
Mel will continue to make his little innocent looking mistakes. He will have you believing the world is beating him up. But what is truly going on is Mel and Goldman Sacks are making millions trading SIRI on the back end. This billion dollar monster is Mel’s “Cash Cow” and the “Unclean Stock Holder” is getting milked.
Most or the main stream investors (other than insiders) are avoiding SIRI like a disease. Most will NOT touch SIRI until the Rev-Split is over or off the table. So, SIRI will not go over 1.00 and will need the Rev Split to keep its NasD listing. Mel wants this split. Do not expect Mel to do anything correctly until after he gets his Rev-Split.
I have posted this information so that new comers understand the deep crap they are looking at in SIRI. I will not be responding. I got tired of defending the truth of SIRI long past. Some Bloggers and Seeking Alpha get a pay check for beating up people for posting the truth about SIRI here…
I am NOT Michal Hartlib, NOT part of that group, NOT part of the movie. But, I did quit a long time ago…
On Jun 30 09:56 AM dead elvis wrote:
> On a more pressing issue
>
> Does anyone know why Russia is the county of choice for sirius Proton
> comsat rocket to be launched today at 310pm
>
> Not the cape?
You seem to be so hell bent on the fact that Sirius gave Liberty common stock in the deal, in addition to the 40%. Could you please post where you got this information? The way that I read the investment agreement is that there is only the preffered shares, convertible into 40% of the common. I can provide you a link to the investment agreement, if you would like. You say that they also gave common stock? Prove it. Provide a link, provide a page number, and provide the quote of where it says it. You know it to be true, should be easy to prove it, right?
Next, you state "One way to reduce that 40 percent partner is to Rev-Split 1 for 50 and then issue more stock during the next “Mel created emergency”. The problem with this statement however, is that as long as malone does not convert, he will ALWAYS HAVE RIGHT TO 40%, no matter if there are billions more shares released. If the company released 5 trillion shares, Malone would still have 40% of it on the day he converted. Period. end of story. Reverse split does not change this one single bit. You stated that there was an expiration date? Again, prove it. Provide a link, give a page number, and quote the text that states this.
Also, since you are not Hartlieb or a member of his group, perhaps you can do something that none of them ever have been able to do:
Post one solid peice of material evidence that can link Karmazin to any of the accusations that you have made here. I am not talking about anything speculative or coincidental. I am talking solid evidence. You speak like this is truth, so you must have solid proof, or what you are doing is libelous and slanderous and defamation of character.
PROVE IT. In case you cant scroll up to get my email address, I will give it to you again: newman@satwaves.com. Tell me who the two private investors were. Tell me what the offer was. Provide me proof of the fact that Mel is linked directly to the class action lawsuit. Any of the above, and I will start to believe your story. Without it, you are a conspiracy theorist who happens to act just like Hartlieb or his group.
On Jun 30 09:43 PM SIRI-Doom wrote:
> WHAT IS GOING ON WITH SIRI?
>
> Do you really want to know?
>
> Mel is screwing SIRI Stock Holders for his continued but ever changing
> evil plans. Mel has no respect for The “Unwashed Common Stock Holder”.
>
>
> December 08 before the stock holder meeting, I informed everyone
> on Seeking Alpha that “Two Private Investors have made offer to Mel.
> The offers would have eliminated the need for a Rev-Split. If Mel
> had taken one of the two offers we would all be looking good and
> no Rev-Split would be looming. Mel refused the offers before the
> December 08 Stock holder Meeting. Mel NEVER INFORMED STOCK HOLDERS
> OF THE OFFERS. The offers at the time were much better than what
> happened in the SIRI takeover war.
>
> Now, Mel wants his Rev Split and he will soon get it. Originally
> Mel desired to take SIRI private and this may still be in the works.
> However, now we have a 40 percent partner. One way to reduce that
> 40 percent partner is to Rev-Split 1 for 50 and then issue more stock
> during the next “Mel created emergency”. The key idea here is that
> Mel has a plan and his plans always screw stock holders.
>
> More history- Mel invented a lawsuit and paid a third party to sue
> SIRI. Yes, you read that correctly. It is well known that Mel attempted
> to get total protection from class actions of stock holders for his
> antics during the merger. Fortunately, Michal Hartlib discovered
> the corruption and prevented Mel from obtaining the protection. The
> Judge in that case was outraged.
>
> SIRI Stock Holders can not get a fair vote. Between our 40 percent
> partner and the reserve stock held by the company, public stock holders
> are out-numbered. Mel is a wild man and he is running fully unchecked.
>
>
> Wall Street and Main Media have been burned and given up on SIRI.
> They know but can not write about what Mel did to stock holders of
> three companies that he devastated, took private, and merged to build
> Viacom. Three years beating back lawsuits and Mel became a media
> mogul on the backs of poor beaten investors. This is all well known
> information that Mel is proud to speak about during parties for the
> rich and famous.
>
> Mel will continue to make his little innocent looking mistakes. He
> will have you believing the world is beating him up. But what is
> truly going on is Mel and Goldman Sacks are making millions trading
> SIRI on the back end. This billion dollar monster is Mel’s “Cash
> Cow” and the “Unclean Stock Holder” is getting milked.
>
> Most or the main stream investors (other than insiders) are avoiding
> SIRI like a disease. Most will NOT touch SIRI until the Rev-Split
> is over or off the table. So, SIRI will not go over 1.00 and will
> need the Rev Split to keep its NasD listing. Mel wants this split.
> Do not expect Mel to do anything correctly until after he gets his
> Rev-Split.
>
> I have posted this information so that new comers understand the
> deep crap they are looking at in SIRI. I will not be responding.
> I got tired of defending the truth of SIRI long past. Some Bloggers
> and Seeking Alpha get a pay check for beating up people for posting
> the truth about SIRI here…
>
> I am NOT Michal Hartlib, NOT part of that group, NOT part of the
> movie. But, I did quit a long time ago…
DING, wrong answer. I am not SXMInvestor. But you could be Relmar2003...
Look, just believe what you want. You posted this trashy bashing article just after a week of good news. Now, you want people to think I am a bad guy for passing out "long known, well documented" information.
Just believe what you want... I do not get paid to waist time educating "hard heads"...
R U MAD ABOUT MY POST... LOL heheh
On Jun 30 12:22 PM SIRI-Doom wrote:
> Timing of this Bash
> SIRI must be late sending the check. Come on Mel, you know you must
> pay Seeking Alpha on time.
>
> Your screwing up all the good press from the Ipod App. Send the dam
> check.
Here is what people fail to understand and is not readily disclosed via the FCC merger agreement and was hidden from the SIRI merger Congressional Hearings:
Not to big to fail. SIRI is too important to let die. SIRI stock is being manipulated as we have all seen it. Why?
SIRI is a holding facility for the major portion of the satellite radio frequency spectrum. It is one place to hold and control the entire spectrum. SIRI is centralized government control of satellite radio frequencies. This was revealed in the Congressional Investigation last year that implicated Mel for lying to Congress during the hearings.
More to the story, but the issue is understanding that SIRI is not just a stock.
SIRI is managed centralized government control of the satellite frequencies. I WOULD NOT HAVE A PROBLEM WITH THIS IF THE STOCK WAS TRADING NORMAL
No SEC investigation?
When you understand the back door way the merger was justified and the laws that were broken to provide centralized control of satellite frequency spectrum, you begin to see that SIRI has big time government pull.
IE: SIRI is a holding facility for the major portion of the satellite radio frequency spectrum. SIRI is centralized government control of satellite radio frequencies. SIRI is as much a part of Government and still as private a company as is the (FED) Federal Bank.
Government does not investigate itself without public outrage, any investigation government does on itself is always smoke and mirrors. SIRI is a holding and management company for the US Government to control satellite frequency.
Mel has a license to rape and pillage. The SEC will not investigate anything about SIRI. The best we can hope for is a few congressman ask Mel and GS to ease up on the back ended trading until the smoke clears.
I think SIRI will go up this week. Lets all hope the good news continues.
What Mel suspected of doing is not legal but is done everyday by company executives. They all present an image of owning and potential loses of stock. However, via virtually untraceable holding companies and other investment vehicles, gangsters like Mel wheel and deal private trades or deals that use inside information. Simple example - make a friend rich and after your term as CEO have your friend loan you a percent of what was made. Mel is a gangster we have been investigating for 10 years.
Using the example, it is easy to understand a second example in how Mel could have provided Malone information to short SIRI and make millions. The result is Malone may have loaned SIRI money stolen from SIRI stock holders by shorting. The profits for Malone continue as now the stolen money is collecting more stock and interest at a high coast to SIRI investors. These things are being investigated and Malone was just fined 1.5 million for failing disclosure (Insiding).
On Jun 30 09:56 AM dead elvis wrote:
> On a more pressing issue
>
> Does anyone know why Russia is the county of choice for sirius Proton
> comsat rocket to be launched today at 310pm
>
> Not the cape?
On Jul 01 08:32 AM connorport wrote:
> Costs! Its a lot cheaper to launch there and Russia is using surplus
> cold war rockets to launch many satelites for many different countries.
>
1) Relmor and I are 2 completely different persons. Any idiot can see that our writing styles, opinions, and trading patterns are completely different. Go over to www.SatWaves.com and see this... oh wait, you have been banned there because you keep posting this drivel and never posting facts when asked time after time... because you have none.
2) The title of this peice (which SEEKING ALPHA assigned to the article) was negative. The article as it was written was positive. I am saying that Sirius is in a position to a) break the $1 by itself, or b) not be negatively affected by a reverse split because of all of the positives. I also mention that this is a non-issue because NASDAQ will more than likely extend the minimum listing requirements. Tell me how ANYTHING in this article is negative, other than the title?
3) If Mel wanted to take the company private for pennies on the dollar, they would have let it go bankrupt and Mel could have purchased the entire company for a few hundred million after the debt was wiped out in BK court.
4) Get a life.
Mel’s prized ENRON computer is smoking today. SIRI 80 million volume before noon and no new news.
Go, Mel Go, pump that stock! See 43 cents again for Friday close.
Quarterly Report?
Have you noticed that since the merger SIRI is one of the last to provide a quarterly report? Takes time to COOK the books…
THAT EXTRA BOND MONEY JUST GOT SPENT!!!
TRANSLATION for the "Unwashed"
Mel can now buy 120,000,000 shares at a locked in price of 43 cents. He can do the "AT ANY TIME" no matter the current trade value/price. So, if in January SIRI is 5.00, Mel can buy it for 43 cents.
Next time you hear "Oh, but Mel owns stock and also loses", remember how he gets paid.
NOW READ IT TWICE
DO NOT ASK ME FOR PROOF NEXT WEEK
On June 30, 2009, we entered into an amendment (the "Amendment") to the amended Employment Agreement, dated November 18, 2004, with Mel Karmazin (the "Employment Agreement"). The Amendment (i) extends the term of the Employment Agreement through and until December 31, 2012, (ii) increases his base salary from $1,250,000 per year to $1,500,000 per year beginning on January 1, 2010, and (iii) provides for the grant of an option to purchase 120,000,000 shares of our common stock, at an exercise price of $0.430 per share (the closing price of our common stock on June 30, 2009) (the "Option"). Other than as provided in the Amendment, the Employment Agreement will continue in accordance with its terms.
IT IS NOT TRUE BECAUSE I DON’T WANT TO BELIVE IT… MORE PROOF… PROOF… PROOF… NAG NAG NAG… Believe what ever you NEED to believe!!!
The link is here …
biz.yahoo.com/e/090701...
Please don't say it is NOT true next week. It has been posted!!!
(iii) provides for the grant of an option to purchase 120,000,000 shares of our common stock, at an exercise price of $0.430 per share (the closing price of our common stock on June 30, 2009) (the "Option").
Mel can now buy 120,000,000 shares at a locked in price of 43 cents. He can do the "AT ANY TIME" no matter the current trade value/price. So, if in January SIRI is 5.00, Mel can buy it for 43 cents.
"Oh, but Mel owns stock and also loses", remember how he gets paid.
biz.yahoo.com/e/090701...
What a nut.... hehehhehehheheh LOL
LOL Relmar2003 wants you to believe that employee stock option is the same as options trading....
Employee stock option is NOT the same as options trading.
You have confirmed my opinion of you. No doubt you must work for Mel.... heheheheh LOL
I can not prove anything to you. We know you from the past. Anything that is posted to show proof you argue. We have put up links and you have seen document from the FCC web site, court document posted via court clerk sites. You just say its not true and argue.
You’re a waist of time. Nothing is true when your only agenda is to sell SIRI.
Most people see past you. That is why I do not bother much with you.
I post what I know and let people decide. You however, post endless guarbage to sell SIRI.
How many user ID's do you have now? Sell sell sell.. heheheh LOL
It seems you posted the first half of the filing, but not the second half? Why is that? Oh wait, that is because that is the half that proves you are an idiot and do not know how to read, or at least interpret an SEC filing. Here is the other half that you convenienly left out:
"The Option will vest in equal installments on each of December 31, 2010, December 31, 2011, June 30, 2012 and December 31, 2012. The vesting of these stock options will accelerate upon the termination of Mr. Karmazin's employment by us without cause, by him for good reason, upon his death or disability and in the event of a change of control. The Option will generally expire on December 31, 2014; provided that if the parties subsequently agree to extend the term of the Employment Agreement through December 31, 2013 or later, then the term of the Option will automatically extend until the later of (i) December 31, 2015 and (ii) the date that is one year following the date that such new employment agreement expires. "
So... now that THAT has been shot down, what are you going to argue about now? Perhaps a misspelling in my post somewhere? Grammer perhaps? Thats usually where you people go when you have no FACTS.
You post what you KNOW? You don't KNOW jack. You SPECULATE quite a bit... Your agenda is to discredit the managment of this company. Hmm, sounds like someone else's agenda as well. IF Mel were to do what you are suggesting is his plan, there were be HUGE lawsuits. I can bet you that Relmor and I would both be involved in them. But you have ABSOLUTELY NO SOLID PROOF about anything that you are suggesting. NONE.
The Reverse Split has an EXPIRATION DATE of May 2010. The board of directors has the option to enact the reverse split any time between now and then.
On Jul 01 12:17 PM 261133 wrote:
> Last time I checked the R/S was postponed to May 2010, at least this
> is what I was told. Anyway, are there any facts/news the R/S will
> take place sooner and when could that be ?