cos1000

Sirius Investors Still in the Dark as Takeover Speculation Continues

Lipstick.... definitely...

Check out the afterhour push.... it always amazes me that a stock worth .07 all day long, finds new value in afterhours....

Sirius Investors Still in the Dark as Takeover Speculation Continues

What's wrong with lesbianism.....?? I've been a lesbian all my life and so aren't most of the guys I know.... :)

Sirius Investors Still in the Dark as Takeover Speculation Continues

Check out the S&P coming back from the precipice..... 830 and heading to close as the shorts take their profits... 820 has proven strong at least 3 times now.... will take another crisis to break this level down IMHO.

Sirius Investors Still in the Dark as Takeover Speculation Continues

One day and counting...... I guess this long weekend, again, will just leave us all guessing....

By the way, a question here, why do they have to take XM into bankruptcy to strike a deal for their assets? It would sound like an open market sale of satellites and repeaters / transponders for XM debt. The talk about UBS being involved with Liberty's discussions sounds like the $100M May 09, being worked out. Very interesting.

Sirius Investors Still in the Dark as Takeover Speculation Continues

relmor,
I really think big money has taken the markets down to these levels to send a message to Obama and crew and to create an urgent need for more centrist idea inclusion in the bailout package. More tax cuts and less social program funding. Once this bill goes through, the "wall street" crowd will go back to making money either by shorting to the next leg down or by putting their cash to work for the next push back up. (I know not very insightful but that's we are, on a precipice). They can't stand Geitner, saying we'll let you know what we're going to do just before we do it... and we're going to make mistakes.. Not much of a plan and not much for building confidence. I don't see any good news on the horizon to push the markets upward, but who really knows. I would watch the S&P holding above 820 or not, rather than the DOW. If it breaks or closes below 820, then things could get ugly with a lot of technical sell orders setting off another leg down...

Sirius Investors Still in the Dark as Takeover Speculation Continues

4 to 1 negative on the big board..... you might be right relmor, but not today I don't think.... market shorts will cover, buy back to lock in profits by the end of the day.....

Sirius Investors Still in the Dark as Takeover Speculation Continues

relmor, no I don't know how this info could be accessed in real time.

Sirius Investors Still in the Dark as Takeover Speculation Continues

Show me anywhere where you can find the owners of the convertible debt. This stuff trades on variable volume on a daily basis. Your just another basher looking to blame someone for your mistakes.... Tyler reports what is on the wires just like most others... take for what it's worth.


On Feb 12 09:56 AM User 330908 wrote:

> The messenger is right. Where was Tyler several months ago when EchoStar
> was purchasing these bonds from right under his nose. All we heard
> from Tyler for months was various sanarios regarding these bonds,
> converts, equity swap for debt. You would have thought any journalist
> worth his salt considering the situation would have looked a little
> deeper into the possibility of someone attempting a takeover or initiating
> a move on this beat down company but what do I know. He simply goes
> for the low hanging fruit like any rookie journalist would do.<br/>

Sirius Investors Still in the Dark as Takeover Speculation Continues

bdp,

The first smile on my face will be relief that BK is not going to be filed, that should be worth at least .12-.15 cents from here, giving us .185-.215 cents. Then it really depends on the deal. If someone like Malone, refinances the Dec 09 debt for some control or use of some programming / bandwidth lease. Then who knows. I really think the problem here for Mel is not the Feb 09 converts, which buy the way convert at the Holders option at $4.41 / sh. It's all the debt.... Why use $175M of COH to pay Feb if he can't roll May 09, or work a deal out for the Dec 09 debt? Otherwise he right back here and we are all still in limbo with BK lingering throughout the year. I think he's trying to do more than just Feb, because if Feb was the issue it would be done. IMHO

Sirius Investors Still in the Dark as Takeover Speculation Continues

As has been already said, Mel is pushing on all the right buttons to do what he needs to do to get the best deal done without BK. Unfortunately that means that the BK possibility has to be put on the table, further eroding any equity in the SP. I feel bad for those without the patience or ability to wait this out. Now is not the time to throw in the towel, but to let this play out... How often do you get to watch a game of high stakes poker play out right in front of your eyes..... with positive results putting money in your pocket. All those that think the market is not full of risk and a gamble..... look at your stock holdings after the last year. Better yet look at them today. If you don't take risk there is no reward, period.....

Sirius Investors Still in the Dark as Takeover Speculation Continues

Thanks for the article Tyler. Here's the link the read the full news release as reported for anyone who wants to do more than simply berate the messenger:
www.nytimes.com/2009/0...

XM-SIRI Marriage: Is Satellite TV Next?

Saturday, 7/26/08, I wrote the post bellow. I want to say that the first line to me is still the most impostant and sometimes most difficult to remember. Here's what I know now that I didn't now then.
1. Sirius didn't close the deal over the weekend because they had financing issues to work out and probably new NAB wasn't running to file an injunction.
2. XM's shares are still trading and Sirius sold shares in it's assisting of XM Note offering that includes an Arbitrage play that has shares being shorted to lock in the share purchasers profits. Minds greater than mind have tried to explain this "dillutive" offering of collarateral shares of Sirius to XM's Notes, so I'm not going into it here. I know it puts a lot of downward pressure on Sirius shares until their sold, and helps XM get a better cost in their Note Offering. This was planned by Management and not Announced until Monday. Long term its good for the merged company and sucks for common stock share holders in the "short" term. (PUN INTENDED)
3. The Market in General took a bath on Monday and Cramer pulled a "JUDAS" act on Sirius, stating that it was like playing a $2.00 Lottery ticket. Oh which way is the wind blowing today Mr. Cramer.

This is why my first statement below turns out to be the most important and the rest will follow when the Sh*t gets better defined.

Pop or Drop on Monday?

Not that I think what happens to the stock is all that important in the next two weeks, but I know a lot of folks do. The stock can only move up. Why would you dump shares now? That happened last week. A little patience even in the short run will get us to 2.90- 3.10, an old technical channel (4 -6 months ago). Then the company will let out the PR dogs, retaliate against legal issues (because now they can), give meaningful future guidance, introduce new products and details on what you'll be able to do with existing equipment, and report good third quarter "retail" results because of all the pent up demand. The fourth quarter will be all about Inter-Operable Radios and "Where can I get One?". I would not be surprised to see 4.65 - 5.25 by the end of the year. For those wanting to get out you'll probably get 3.72 -3.90 (roughly 2 x the 1
1.86 - 1.95 low recently set) in mid November. Just my opinion, patience here will be nicely rewarded. For those who have been in for a long time you don't need anyone to tell you that now is not the time to be Weak-In-The Knees.