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Sirius Poised to Benefit from Auto Sector Upgrade

hernje, One thing is clear. That will never happen as long as he does not take the time to do the research that should have been done many times. Then again I guess the authors of all the other articles that had SIRIXM going bankrupt because of Feb debt are respected next level authors also, right. He has a long way to go and he has already made way to many mistakes. I believe even you would agree that knowing what you are talking about and being right about it according to all the avaible facts out is one of the most important things to being even a marginal writer, right. Well Brandon missed that on three articles in the last 2 months. You know I have been reading Tyler for a long time and I dont think he has had it wrong that badly in 2 years, to say nothing about two months.


hernje, the problem I have with people like you is that you incurrage him to keep putting out that kind of garbage. You help in his short term memory. I say that because most after screwing up about that bankruptcy article after phase one of the Liberty deal was complete (off a boiler plate statement), would have made dam sure his ducks were in order before doing it ever again. But no what did we get next from him a article about SIRIXM lossing 2 MILLION net subs in 2009. He made a simple math error, that is something a average writer would try to get right. Then we have this mess about being able to totally reverse the Liberty deal. All he had to do is check the full agreement and not stop at a short version on the 8-K. Now what do I see, his mindless followers saying thats ok Brandon thats ok give us another shoty article. I say mindless because many of those same people were just bashing the WSJ, Barrons, ect., ect., ect., about them putting out those false articles. Even Bradon himself had a article here about the last bankruptcy article (that came out not to long ago) being bull crap. Basically they are cheering him on for doing the same crap they were bashing the other authers for doing. Now forgive me but if you cant see the illogic in that then you to are a idiot.

Perspective on John Malone's Sirius Stance

Yea Brandon I found The bankruptcy article off a boiler plate statement after the 1st phase of the liberty deal was done to be most helpful. The next helpful was the one that said SIRIXM would lose 2 MILLION net subs in 2009. That helped alot. This last one on SIRIXM being able to totally reverse the Liberty deal and get the shares they gave to liberty back, was the piece de resistunce though. Those all pointed me in the right direction and did not confuse anyone.






For the nit wits who cant grasp to much, I was being sarcastic.

Perspective on John Malone's Sirius Stance

Just as I said would happen Brandon is now trying to back out of a ridiculous statement he made. Now by the only means he has left he is coming up with a far fetched scenario. Yea right, lets see I just got 40% position of a company for loaning them 530 million, now instead of waiting to get a buck or more I sell now. Makes alot of sense, NO it doesn't the reason it does not is because it is Brandon running for what ever cover he can.

Brandon, Just admit it was a bad statement because you did not take the time to research the agreement fully. People will forgive that, they wont if you continue down this line. YOU MADE A BAD CALL, just admit to it and then you can move on.

Sirius Poised to Benefit from Auto Sector Upgrade

Brandon, it is our own DD, that gives us reason to attack you. It is our research that shows many of the articles you put out are far fetched and just plan guess work. The last one for instanse was so wrong on so many levels. You say you did research on it but if you would have looked deeper into the agreement you would have never came to the conclusion that the Liberty deal could now be reversed.

Is Sirius's Dilution Actually Dilutive to Shareholders?

OK, I tried to give the common sence and short answer. You forced me to repost homer985s long wordy answer as to why Brandon is wrong.

Well, I see that Brandon is still sticking by the article today - even quoting eroneously again from the same 8-K, that is in my opinion misleading. Okay, I've let him suffer long enough -- here are the links and why he is wrong... although I'm only posting it over here...

Here is the actual Investment Agreement:
www.sec.gov/Archives/e...

Here is the Certificate of Designations for the Series B-1 Preferred Shares:
www.sec.gov/Archives/e...

Here is the Certificate of Designations for the Series B-2 Preferred Shares:
www.sec.gov/Archives/e...

If you go to section 4.6 on page 16 and section 5.15 on page 40, it covers the termination process. Section 5.15 even notes that if the agreement is terminated -- all liabilities and obligations to each party will terminate EXCEPT Sirius' obligations under the Registration Rights of the preferred shares... that is because Liberty would continue to hold the shares and Sirius is still obligated to register them. Furthermore, at no point in Section 4.6, does it state that Liberty is obligated to return the preferred shares. The fact is, Liberty purchased the Preferred Shares from Sirius for $12,500 - and they are under no obligation to return them to Sirius. Yes, Liberty PURCHASED the Preferred Shares from Sirius. Bet you didn't know that, did you Brandon?

The portion of the 8-K that Brandon keeps referring to, is a shortened quote taken from Section 4.6 - which is primarily how Sirius can get out of the agreement prior to Phase II closing. However, as you all know, Phase II closed on 3/6/2009... making that point moot. The agreement does continue on and state that Sirius can still terminate the agreement(s) after the non-solicitation period (after Phase II is closed), whenever they want. For which there isn't even an end date to such an option -- however, they are obligated to a $7MM termination fee... while at the same time, Liberty is not obligated to return the shares. The 12/31/2009 date is for if Phase II is not closed yet -- again, that is moot.

Brandon really should just give up on this one. His new site is looking bad over this.

Clarifying Sirius Ambiguities over Liberty Shares

First of all some people are getting confused with outstanding shares and issued shares. At present because the other shares are not issued Liberty will get 40% of the total amount issued up to that time. For instance if SIRIXM where to issue another billion shares before Liberty converts then Libertys stake would then go from 2.6 to 3 billion if they convert just after. So lets say the vote to approve the extra billion shares gos through then the most SIRIXM can issue is 5.4 billion, leaving 3.6 billion in reserve waiting for liberty to convert.

Clarifying Sirius Ambiguities over Liberty Shares

relmar, I am sorry I was in a hurry had to leave. It is at present 8 billion shares and if this extra billion gets approved then it will be 9 billion. I just got the 8s and 9s messed up. The 4 billion and 6.6 billion when Liberty converts (2.6 Billion aprox 40%) is correct though. That is why Brandon has the figures he has and that is why people that dont get what he is trying to say are morons.


tabularasa, It is a clear as a bell what Brandon is saying and if you cant get that then you really should keep your money in the bank or under the mattress. You just had Brandon here why did he not clearify it for you or why didn't you just ask him yourself. I'll tell you why he didn't because I am totally correct in what he was saying and the last thing he is going to do is say I am correct.

Clarifying Sirius Ambiguities over Liberty Shares

P.S. with that extra billion that brings the total to 9.8 billion. of possible issued shares.

Clarifying Sirius Ambiguities over Liberty Shares

burnout, if you think logically about this whole thing it is simple. First there is no mention of any shares being returned. For the same reason there is no mention of the 30 million being returned both are considered a fee. Second as stated before Liberty can convert those shares at any time they want. I did not see anywhere in there saying that the shares could not be converted until Dec. of 09. One would think that that would have to be in there other wise Liberty could convert now and start to sell the shares and how does SIRIXM get shares back from liberty they no longer own. You dont need to be "homer985" (who by the way also agrees that it is a done deal when it comes to the shares, that they are Libertys) to figure this out, it only takes some common sense.

Clarifying Sirius Ambiguities over Liberty Shares

burnout, First this

Upon expiration of the applicable waiting period under the Hart-Scott-Rodino Act, the preferred stock will be convertible into 40% of our outstanding shares of common stock (after giving effect to such conversion). Issuance of the preferred stock is subject to the satisfaction of certain conditions, including the conditions to funding under the XM Credit Agreement described below.

That is done and they are able to convert at any time.


Here is another little tid bit to chew on;

The preferred stock will be issued concurrently with the funding under the XM Credit Agreement described below. The rights, preferences and privileges of the preferred stock will be set forth in a Certificate of Designations to be filed with the Secretary of State of the State of Delaware. The preferred stock is convertible at any time, at the option of the holder, into shares of our common stock equal to 40% of our outstanding common stock (after giving effect to such conversion).


You do understand now right.

Clarifying Sirius Ambiguities over Liberty Shares

connorport, I am not going to even start to speculate what Liberty is planning on doing with the 12.5 million prefered shares. What I do know is that they are Libertys reguardless of what debt SIRIXM wants to pay off.

Is Sirius's Dilution Actually Dilutive to Shareholders?

Neal Barkett, Brandon is wrong plan and simple. Try reading the total agreement. Once the second part of the deal was complete, that took away all the options of ever getting those shares back. Brandon is completely wrong. Just like he was about the bankruptcy scare he put out just after the Malone deal was announced, based on a boiler plate statement and he will be proven to be wrong about a 2 million sub loss in 2009. Yes thats right not 200,000 not 300,000 or even 500,000 but 2 million net subs. Now while many figured that they may lose some subs noone is calling for 2 MILLION. I'll bet dollars to donuts Brandon trys to say he was right when they lose some subs next quarter forgetting as he does that he didn't say a few hundred thousand but 2 MILLION.

Clarifying Sirius Ambiguities over Liberty Shares

holmesnmanny, Can you even read this is the 3rd paragraph down, look at the end of it.

"The Liberty deal had two specific phases that dealt with two very specific issues. The preferred shares were part of phase 2, and are not reversible. The loan terms are reversible, but the shares would not be a part of any such reversal. Again, the 12.5 million shares are in the control of Liberty, and will be until such time that Liberty decides to convert and sell them."


Besides that, it does not matter they can convert them at any time of their choosing. There is not anything SIRIXM can do to stop it. You really should get off the Brandon band wagon and do your own research. Read the agreement for yourself, Not just the SEC filing of it. You will realize Brandon is off his rocker.

Sirius XM Gets Creative on YouTube

relmar, You are wrong the reason they are not getting so much retail anymore is because of the penetration rates have gone up in the OEMs. You dont need to go out and buy a satellite radio for your car if it already has one in it. It is as simple as 1, 2, 3, One directly effects the other.

Sirius XM: Looking Ahead to Fourth Quarter Results

Wolf Child, I have never had a problem with blow back, ask anyone thats been here a while. I tell it like it is and if you are a dumb arse you are a dumb arse.

First, you say you own a business yet you never broken your electric bill (gas, rent/mortgage, yearly maintence) down to a daily cost basis. So yes there is a hourly cost that the CEOs of the Big 3 can be equated to, you MORON.

Second, the fact that you disagree with me on this issue means you have your head up your arse.

Third, the fact you choice the person that would through his own grandmother under the bus just to get ahead, over a person that says no I will do the right thing and wait my turn in line to go home (all the while knowing it ment more torture), just gos to show your kind of character to. Also dont even get into Palin when you vote for a man that said we had 57 states. (there were many others but you never heard them because as I said before you got hood winked by the MSM) Also need I remind you he had less experince then she did. She had more executive experence then all three of them combined. You do know the last time there was a senator that was elected president, thats right JFK. Now lets get into Obamas choice, I am sure you never heard Bidin say that when FDR got on TV and talked about the depression in 1929. Lets break that dumb arse comment down. First there was no TV in 1929. Second FDR was not president in 1929 it was Hoover. Also once again that was just one of a very, very, very many goofs that man made. Once again you never heard of any of them because you were duped by the MSM, just like most of the dumb arsed public.


Forth, while the market and the economy are two seperate things they are directly connected. Only a dumb arse would not know that.


Fifth, Lets see how you like you Obamas economy in 2 years when we are still in the crapper because like most of the general public you change your mind if something doesn't happen soon after.

Finally, how did I know you voted for Obama (killerkaul by now knows). What is it called commonsense and logic.