burnout

Is Sirius Up for Sale?

From Brandon's latest article. He is finding over 90% SatRad factory installs on car lots and now believes there may be a small net gain in subs 1st Q instead of decline. Lower car sales but more cars sold with receivers installed.

www.satwaves.com/satwa...


On Apr 30 10:00 AM wcorowitz wrote:

> the numbers for the 1st quarter must be good enough to attract buyers.
> I need to get in now before the price goes up.

Is Sirius Up for Sale?

Quote from Tyler's article...
"If that happens, each shareholder will receive the right to buy a 1/1,000,000th of a share of preferred stock for $2. These fractions of preferred shares carry the same voting power as 1 share of common stock."

Quote from Rights plan...
" Under the rights plan, one right will be distributed for each share of common stock of SIRIUS XM outstanding as of the close of business on May 11, 2009."

At $2.00 per right we are going to need a big move up for it to have any effect.
If they think the stock is going to get up to the point current shareholders will purchase rights so they can vote them it would be huge for those of us that averaged down so our PPS is around todays level.