Scot's Slant

SEC Makes a Move on Naked Short Selling: Too Little, Too Late for Sirius

Scot's Slant here. Gee, I did not realize that a naughty four letter word that starts with "S" was still so offensive that my entire post from yesterday would be tossed off the board. Well, I guess I was wrong because the bathroom monitor told the teacher. So first thing this morning, I washed my mouth out with a bar of soap, put my dunce cap on, stood with my nose in the corner for ten minutes, and apologized to the class.

For anybody who cares, here's what I wrote on June 28 in response to a question Mr. Stupid posed to me that got me thrown off the board.

" Mr. Stupid, obviously no, I do not know the difference between "short selling" and "naked short selling." and neither do I know Jack nor do I know "#@%!."

"And Mr. Stupid, I never said short selling was "illegal." For anybody who cares to see what I wrote, look at the top of todays post; I think it's number three or four.

"And there is one more thing: Mr. Stupid, in the future, please do not misquote me -- it does not look good on my resume'."

Scot's Slant

SEC Makes a Move on Naked Short Selling: Too Little, Too Late for Sirius

Scot's Slant here. Interesting article. One problem though. For years, the government has understood that short selling causes considerable damage to shareholders and companies alike. And for several years the government has promised to come down hard on those who profit from short selling, while in truth, it seems little has changed to stop this abusive practice.

So today, are we to believe that action will finally take place to stop these intrusions into the marketplace?

We will wait and see....

Scot's Slant

Five Positive Points on Sirius: Is the Street Listening?

Scot here. Shure 46, point well taken. Just as your numbers were not to be taken as "factual accuracy," and were more "opinion," I did the same. And in the same vein, I'll go back to earnings versus debt for SiriusXM.

As profit and loss statements show a balance sheet that APPEARS to be in the red, it's the it's the billion dollar debt load that throws the numbers out of whack. For the prospect of future lenders to restructure SiriusXM, underwriters will take a hard look at SiriusXM's ability to repay loans. It's like a homeloan: Mortgage bankers look at the future earnings of potential borrowers (well, at least they're supposed to based on this current housing crisis where underwriters did not do their job).

Anyways, here again is Scotty's Slant: With SiriusXM's healthy monthly revenue stream, and management team building a powerhouse of a business model, their current and future earnings potential should far outweigh the billion dollar debt issue....

And by the way, there is one more thing: My opinion might be just as constipated as that "Up the Tailpipe Again" person. I think he forgot to read the "tailpipe" instruction manual where it says: "Caution, to avoid serious intestional blockage, cut crimped end off tailpipe before inserting up rectal orifice....

Scot's Slant

Five Positive Points on Sirius: Is the Street Listening?

Scot here. Finally, instead of opening a door and eyeing a dismal abyss of darkness to SiriusXM's future, this latest good news, however slight, shows a faint glimmering of light shining through the keyhole....

And by the way, there is one more thing: When the restructuring of debt comes due in February 09 -- all 300 million of it -- do the third grade math; 20 million subscribers at $10 a month equals a shitload of cash in SiriusXM's hands. Analysts can use charts and crunch all the algebric numbers they want to create bleak future outlooks but the basic facts remain what they are; with a healthy revenue stream of dollars pouring into Sirius XM's coffers each month, a billion dollars of debt is nothing more than a mere nuisance....

Scot's Slant

Commercials on Sirius XM: Benefit vs. Backlash

Scot here. I do agree that advertising is needed for SiriusXM to survive. And for subscribers who begin to hear advertising, they at first will be ticked off. So what. After time, they'll absorb it, and that will be the end of the debate. For proof of that, look at Wal Mart. When they started out, they promoted that all their products were "American made." But as time went on, and much to the dismay of american consumers and negative publicity, american made products slowly shrank from their shelves to make room for products made in China. And in the same vein, this holds true for many cable television stations; many started out commercial free, where today, advertising is part of the format. Free lunch passes are a relic of the past: To play, you gotta pay....

Scot's Slant

And there is one more thing: It can probably be safely assumed that SiriusXM already has the road map in place where bit by bit, they'll slide a little advertising in here, and a little over there....

Sirius Investors: Decline in OEM Take Rate Something to Watch

Scot here. Up the Anus, are you constipated? If you are, I don't think you read the tail-pipe instruction manual: I think it says you're supposed to cut off the crimped end BEFORE you shove it up your orifice....

Scot's Slant

Sirius Investors: Decline in OEM Take Rate Something to Watch

Scot here. Killer, thank you for the pleasant "good morning greeting." Top of the morning to you also; I'll have that cup of coffee now, black, brewed or instant is fine....

And by the way, there is one more thing: While understanding that nobody on this board holds a crystal ball that fortells the future, can anybody offer a LOGICAL, well thought out opinion as to whether Sirius is teetering on the edge of bankruptcy? Or, better yet, can anybody offer a sound opinion that Sirius shareholders WILL NOT end up screwed and holding worthless shares of paper that will be used to wipe our sore asses after our morning turds?

Scot's Slant

Sirius Investors: Decline in OEM Take Rate Something to Watch

Scot here. Or should I say Rip Van Winkle here? Have I missed something? I bought Sirius stock at $6.50 during " Howard Hype", a little more at $4.50, and a little more at $2.80. And from there, I guess I was asleep went it sold for $1.50 post-merger, and now today, I wake up and see it at .15.

What the hell happened?

Lord, I feel like Rip Winkle where I've awakened from an extended slumber and the world is not the same world I feel asleep to so many years ago.

Unbelievable....

Oh, there is one more thing: If I had known that I would awaken to this nightmarish news, I would have stayed asleep....

Scot's Slant

Scot's Slant

Who'll Blink First: Sirius, Loral or the Banks?

Scot here. Relmor, one of your recent posts puzzles me: Why would Sirius management try to frighten shareholders? And then when you add that if share price goes to high, shareholders will vote against a reverse split, this is also puzzling. Wouldn't it be reasonable to assume that in the event a reverse split becomes necessary to save the company, management has all tools necessary to effect measures that will ensure survival? I think what Sirius management is doing is called "crisis management."

As any good general prepares for a looming battle, a contingency plan is in place where if one avenue of attack fails, there is another viable plan to save their troops from slaughter. And this is what Mel and his team are doing with the reverse split contingency as they do not wish to leave a legacy of failure that resembles Custer's last stand in the Battle of Little Bighorn....

By the way, one more small thing: when you say, "if share price goes to high," wouldn't this be good news where more drastic contingency plans will be abandoned with the company moving in a positive direction? And as for a reverse split, what is the fear there? A split does not equate to a loss in value of shares -- it simply reduces the number of shares...

Scot's Slant

Who'll Blink First: Sirius, Loral or the Banks?

Scot here. Gee, somebody finally said it: Thank you Tyler for pointing out that "management is well aware of the situation" and that they have 'thought things through.'"

Also, when people ask: "why has Sirius not done more advertising with the holiday shopping season approaching," management has probably thought this through as well: With all indicators pointing to dismal consumer spending during this 4th quarter shopping season, management has probably decided to sit tight on their advertising budget until after the new year and do more to keep their existing subscriber base intact -- Karmazin and his team are not a bunch of nitwits who are asleep at the wheel....

And by the way, there is one more thing: As the directors of Sirius recommended, I voted "for" on the reverse stock split. I don't care what the analysts say -- if they are so smart then I must ask, "why are they languishing behind a desk with a meager salary of $125,000 while Mel earns a few million or more per year in running a company that is worth billions of dollars"? The man's track record speaks for itself: He is not intentionally driving this company towards bankruptcy and it is sheer stupidity to believe otherwise....

Scot's Slant

Sirius Finally Provides Wall Street the Clarity It Demanded

Scot here. Canis Major, great post; the analogy works on that one -- two thumbs up ....

And by the way, there is one more thing: Let's hope that some day 1 share of Sirius stock reaches the price of a super size Big Mac meal and dessert. At that price I'll be a hair above break even with a few extra bucks in my pocket which will mitigate all the suffering I've endured in owning this stock -- what a bonehead I was to buy-in during the Howard hype...

Scot's Slant

Sirius Finally Provides Wall Street the Clarity It Demanded

Scot here. I'm just another Joe Schmuck out here who holds 5000 shares of Sirius stock in one hand and a limp wiener in the other. And with those facts known, I don't understand what the big deal is regarding a reverse split. At a 10 for 1 split this gives me a reduced holding that equals 500 shares. This would also reflect a new stock price of 2.50 per share. So today, while my stock is worth $1250, am I being lame to think that after a split the stock will be worth less? I don't get it -- a reverse split does not equal a loss in value....

By the way, there is one more thing: where is Vicar of Value? I miss him;
if nothing else, he was amusing as he did offer comic relief....

Scot's Slant

More Evidence of Sirius Stock Manipulation

Scot here. With investigation just around the corner for short sellers, it would seem that doomsday analysts would shut their mouths -- at least temporarily. But no, first thing this morning there's a nimrod kid at The Street mouthing off about the dire straits of SiriusXM and their debt- load. That idiot needs to think about it: That subject has been beat to death, it's been hashed and rehashed, and here he thinks he's doing somebody a favor in regurgitating old information -- somebody needs to hand that kid a Kleenex to wipe the snot off his face until he grows up....

Scot' Slant

Is Sirius XM Stock Being Manipulated?

Scot here. In response to the article,"Is SiriusXM Stock Being Manipulated", the answer is a resounding yes. During the 1 1/2 years of pre-merger history, I watched as the price per share fluctuated between a low of $2.75 and maybe $4.00 where during that time, there were people who made a ton of money.

Now in getting to the question of stock manipulation and whether it was by design or accident is another matter. But who cares? From my observation, the stock was simply jumping from low to high and back again based upon recommendations from Cramer and other analysts. And so as it was, people simply bought and sold based upon continuously changing news at the time.

Now for today, and for all the brainiacs who want to slam Karmazin and offer advice on how he should proceed to run SiriusXM, would it be stupid of me to suggest that Karmazin has a host of other principals helping him run the business of SiriusXM and I would offer the suggestion that those officers are already ten steps ahead of the knucklehead outsiders who with only limited information offer advice as to how Karmazin and the rest of his team should manage the affairs of SiriusXM.

And by the way, there is one more thing: For the brainiacs who offer nothing but negative comments on this post, I would like to see their credentials and ask why they are not commanding million dollar salaries while running Fortune 500 companies. After all, I think it would be unreasonable of me to assume that the Mr. Karmazin and the rest of his management team are incompetent as they have more at stake than the rest of us combined....

Scot's Slant

How Sirius XM Should Handle Supply and Demand

Scot here. Mr. 11, thank you for your enlightened opinions -- especially the comment where SiriusXM shareholders must have "more balls than brains."

At this point, I don't think brains versus the other part of the male anatomy makes for a good argument; In fact, I think your argument is flawed. If we listened to your advice and sold, than that would guarantee a loss. However, if we hold, this leaves the door open where in the event that stock price recovers, we will at least break even or profit. This is not "balls" my friend, this is simple logic that requires the use of what we call a "brain." In other words, panic is not the name of the game -- if someone yells fire, it is the people who panic that perish....

And by the way, there is one more thing: Mr. C11, why would you use the term "balls"?

It sounds so elementary school.

Nuts, nards and gonads have a friendlier sounding ring .....

Scot's Slant