Ricker

Auto Sales: Good News on the Horizon?

Vote no to reverse split, period!

Auto Sales: Good News on the Horizon?

Up the tail pipe (what kind of name is that?) You have a better idea than Mels? Let hear how you would have put the Siri XM deal together, just tell everybody how truely smart you really are!

They will meet their Feb. obligation and we will go from there.

But if you have a better way of coming up with the debt money why not explain it to everybody here?

Auto Sales: Good News on the Horizon?

Mel is working for the success of the company, period. You guys out there think that he hates the common stockholders. Thats absurd! Tell everyone about your plan, don't hear much of that constructive stuff. If you can't provide it then why not keep your negative thoughts to yourself. Right now Mel and company are preparing to pay off the first debt installment in Feb. Issuance of stock is just about their only meanings to gather up some of the cash that they need. Secondly, they have cash but probably will only utilize a small portion of it. Thirdly, they are going after, if not already attained, the balance of the needs. Meeting debt in Feb. is the #1 priority and they will be successful at it. Mel said that new business from the auto industry, if even flat numbers, would not impact Sirius. It would be nice to see sales from there but thats not counted on by management. Retail sales are hard pressed because of several factors some include a time factor just getting new products to market. Remember Sirius is a small manned company, while they have many outstanding product and service ideas, lets be realistic about how all of them are implemented. Again, this Feb. debt is foremost in managements minds. The amount of money they need is doeable. Ok, there are a few CEO's in the past that have taken advantage of the company that they represent. The vast majority however bust their buns to answer to the shareholders and the long term growth of the company. Mel is one of the leaders that believes in Sirius. He has gone through a lot just getting through the acquistition of XM and that has just been a few months ago. Now is a period of cost reduction, streamlining the two companies, cutting overhead, while at the same time planning for the future. Future is only possible if they meet their obligations in Feb. Now, they could file for restructuring but why? Reverse split is questionable for them to do, there is no assuance that would solve anything. The mandate is to growth the subscribers, the other mandate is to find the money to pay the first installment of debt. Half of the comments that come from some of you are coming from your losses. Stocks are for the long haul like the company themselves. There is no quick fix here guys, no 7 week turnaround. This is going to take some time. Mel and his team have a game plan, rest assured their not idiots. So, quit thinking they are! Give these guys the benefit of time so they can work out issues. In closing, I just wish Mel would hire me, I would work for free. I would go from Best Buy to Best Buy personnally arranging the stock, cleaning the shelves, to unloading trucks. I believe in Sirius and I believe in Mel. He is going to pull this off, just believe in him, he is working hard for his company, and proud of it too. He loves Sirius and takes his job very sirusly. Lets support this guy right now!