Bababooie

Sirius Investors Still in the Dark as Takeover Speculation Continues

Suzie Orman is a lot more butch than Cramer!!!


On Feb 12 03:42 PM Sirius Roadkill wrote:

> agree 100% sl!
>
> he's almost totally irrelevant now anyway . . . he's become little
> more than Suzie Orman in drag
>
> Cramer is the proverbial tree in the woods that doesn't make a sound
>

Sirius Investors Still in the Dark as Takeover Speculation Continues

sl62-
Remember the Shares loaned out for others to short? Either way, Debt holders had it made. BK (or Near Levels) would bring in funds to cover debt. Debt holders would break out of shares if the went over lent value. This was a win - win for them. The Debt holders MADE their money back well before the 2013/2014 timeframe! So why hang on to the Debt any more..sell for a loss.. (.40 -.50 on the dollar) and use GAAP to bring down profits from stock pprofits for a couple of years or so.

Sirius Investors Still in the Dark as Takeover Speculation Continues

Trimming operations was one of Mel's war crys! The removal of the 4 sats that can sell for 300m - 700m was probably in the works all along. IMHO the book cost of the XM sats EXCEED the Debt.

Can anyone say garage sale?

Sirius Investors Still in the Dark as Takeover Speculation Continues

On reference to the ephitany by Brandon and his co-writer today.

Been there ..2/9... done that!!!!
seekingalpha.com/user/...
seekingalpha.com/user/...


So..to sum the Brandon's article:
A possible scenario is
FCC License . . .Sirius XM. . . . . . . . . . . . . . NOT AVAILABLE
Spectrum . . . . . Sirius XM. . . . .. . . . . . . . . . NOT AVAILABLE
Stock. . . . . . . . . SiriusXM. . . . . . . . . . . . . . . NOT BK!
Sattelites. . . . . . Frmrly XM Holdings
. . . . . . . . . . . . . .Sold to Liberty. . . . .. . . . . 1B (on discount from2.5B)

Something
Brown
ROUND AND LONG. . .Ergen. . . . . . . . . . . . . Priceless



On Feb 12 11:36 AM fugo wrote:

> one of the best articles ina while from Siriusbuzz....this would
> be Mel's best deal yet....it would be huge.
> siriusbuzz.com/sirius-...

Sirius Investors Still in the Dark as Takeover Speculation Continues

It appears that Mel is also in talks with the Russian government!

"A Russian satellite crashed Wednesday into a satellite operated by Iridium Satellite LLC, destroying one node in the global communications firm's orbital network"

Was this a message to Echostar?

I will leave your sattelites alone for 1 BILLION Dollars (Dr. Evil Laugh)!

Sirius Plays Dangerous Game at Investors' Expense

Candy-
That first work should be "BUY"!!

Sirius Plays Dangerous Game at Investors' Expense

Candy -
But the number of shares that you currently have 12,000 @ .06 = $720 + commission. Then Sell the original 12,000 bought @1.29 for a loss. Some of the loss can be taken off your taxes. If the stock goes up, you now have a loss for your taxes to offset any gains that you may get later!

Does Ergen Have Enough Leverage to Play Out His Sirius Hand?

Yea. . . .But you're an overachiever. . . Triplets
Evil Triplet, Good Triplet, and a Pat Paulson supporter?

LOL


On Feb 10 03:59 PM mogami_99 wrote:

> wow my post had trouble going through the transporter too

Does Ergen Have Enough Leverage to Play Out His Sirius Hand?

short-n-stubby. . .
relmor & relmar are two different posters. I recommend you read some of these posts and get educated. The offhand comments you make because you are bored are now revealed due to your last post. But, please don't stop! I find them to be very entertaining.

Echostar Buys Sirius Debt: Takeover Thoughts or Just a Good Investment?

relmor-
I agree totally...unfortunatel... ethics are skewed because of Murdoch!! I am now going to temper my decisions on WSJ articles based on furter investigation!!

Echostar Buys Sirius Debt: Takeover Thoughts or Just a Good Investment?

relmor -
Item #1
I don't think it's their job to protect. I do think that they should divulge in every article the express nature of the sories are to promote the owner.

Item #2
I did a little research into ownership of WSJ. Guess who....No not GS.. But, the WSJ & New York Post are owned by the same individual. Maybe writers for the two newspapers got their submission confused... then again..maybe not. This man also attempted to focus on building a television-satellite business in Asia by buying a controlling stake in satellite broadcaster Star TV. Wikipedia is also quoted as stating the owner has "expressed his personal, political and business biases through his newspapers and television stations." The owner has benefited from these actions.

Is the possibility of gaining a foothold into the American Satellite market within this mans sights?


Oh by the way.....
The man is Rupert Murdoch

Echostar Buys Sirius Debt: Takeover Thoughts or Just a Good Investment?

Further in the document Debt was itemized as:
"
At SIRIUS, $209,228,000 of 2  1 / 2 % Convertible Notes that mature on February 15, 2009;
At XM, a $100,000,000 term loan which matures on May 5, 2009;
At XM, a $250,000,000 revolving credit facility, which is fully drawn and matures on May 5, 2009;
At SIRIUS, $1,744,000 of 8  3 / 4 % Convertible Subordinated Notes that mature on September 29, 2009;
At XM Holdings, $400,000,000 of 10% Convertible Senior Notes that mature on December 1, 2009; and
At XM Holdings and XM (as co-obligors), $33,200,000 of 10% Senior Secured Discount Convertible Notes that mature on December 31, 2009.
"

Specifically citing the Business unit location of the Debt!!


So... Can Mel just close the XM doors & file for BK on that business unit?
Give replacement receivers in compensation for the XM subscribers and have them jump to the Sirius side of the house?


I wonder exactly how the asset transfer was written during the acquisition. The Sirius side has 174M while the XM side has about 783M. Feb Debt and 1.8M of September is all Sirius.

Echostar Buys Sirius Debt: Takeover Thoughts or Just a Good Investment?

This directly from the 3rd quarter 10Q statement. :
"
SIRIUS is the sole stockholder of XM Holdings and its subsidiaries and its business is operated as an unrestricted subsidiary under SIRIUS’ indebtedness.

Under certain circumstances, SIRIUS may be unwilling or unable to contribute or loan XM capital to support its operations.

Similarly, under certain circumstances, XM may be unwilling or unable to contribute or loan SIRIUS capital to support its operations.

To the extent XM’s funds are insufficient to support its business, XM may be required to seek additional financing, which may not be available on favorable terms, or at all.

If XM is unable to secure additional financing it could be forced to seek the protection of the bankruptcy laws.
"

It reads as though there is a clause that XM debt is the responsibility of XM and Sirius Holding has no responsibility for the debt. Forcing the subsidary XM into bankruptcy restructuring (Selling off Assets?).


What gives???