relmor

Open Letter to Sirius XM Radio

Last minute financing was not "ugly" but a hidden agenda to pay for the merger with you shares sold below what you bought them for. Everyone who sold paid for this merger. XM stockholders got hosed. Mel blamed the market and because the NAB would file an appeal. NAB had plenty of time to file an appeal, trust me. They suckered us stockholders into paying for the merger. Good move Mel, Id have done the same thing. You got through 1 of 4 major last hurdles this company faces, and you used an inflated stock price and only temporary dilution to do it. Not saying the stock isnt worth 4-5 dollars, Im just saying you could agree the reverse, and with shorts not needing to cover upon merger announcement, this stock went down so the big money could buy in. This stock is going to the moon, and they know it, but too many float shares out there in the wrong hands. They needed to accumulate them. So GS, Cramer , banks, Media, and Mel all helped get it to where it is today. It wont be there long. 3 hurdles left, and stockholder dilution is no longer viable at these prices, and they know that. So they wait for to announce the new terms of the financing, which im sure they already know, accumulate shares, and wait for the explosion. It will be when ur not looking probably.