right. but they might be light on the $175 if you factor-in cash reserve requirements from the other debt .
Restructuring other debt might lower the reserve which would free-up the needed $175 . . .
On Feb 13 03:29 PM mogami_99 wrote:
> Hi, If they have 175mil for Feb then Ergen has nothing. The terms > of the debt are Sirius will deposit the balance in 3rd party account > by certain time on 17 Feb. 3rd party then waits for holder of bonds > to collect. Once Sirius makes the deposit on time their obligation > is fullfilled. If they have 175 million then they are fine. If not > and they do not obtain it by 17 Feb then all the other deals default > right along with the Feb debt. (it is in the wording of all these > bonds and warrants) > too bad companies are not required to always post their bank accounts. >
> Hi, I am now a subscriber. Just signed up for the internet option. > The music sounds CD quality to me but I must admit I have a severe > hearing loss from military service.
I think homer may have this one right too . . . next announcement will be that the May bank debt has been restructured contingent upon paying-off the Feb converts.
I wonder how any of the restructuring would/will effect the current cash reserve requirements (which we still have been unable to nail down); I wonder if that could free-up additional cash to take-out Ergen?
On Feb 13 03:15 PM cos1000 wrote:
> We need one more piece of good news before COB or else we'll probably > just stick around here between .10 - .11
what has to scare you with the media is when the coverage is this bad on a topic you actually know something about . . . imagine how much mis/dis information we are getting daily on topics where we have no clue
it used to be "don't believe everything you read in the paper." now its don't believe anything you read
and don't forget . .. "They're Going Bankrupt on Tuesday"
oh, and did they mention that "They're Going Bankrupt on Tuesday?"
On Feb 13 03:03 PM relmar2003 wrote:
> I went back and reread all todays articles about Sirius > Noticed key diction and phrases, etc. > Basically here is the main steam medias message to YOU, the Sirius > stockholder today. > Regardless of what you read as facts, you are a huge risktaker for > being in this stock, and probably not very smart. You should sell > your shares immediately to retain some sense of pride in your total > embarrassement as an investment..Buying shares here would be downright > stupid. > About what they said..I just summed it up for everyone.. > Dont worry, no charge as usual.
it's pretty unbelievable how close we were in our hypothetical discussion from last night
On Feb 13 02:47 PM cos1000 wrote:
> .1099 and its not even 3 pm yet.......... what are they gonna do??? > This is a whole lot more interesting than Tuesday and Wednesday, > and Fear was in the air...... people were saying by to each other > ..... and Fear was in the air.
good maneuvering! nothing wrong with a few small victories here and there.
I would be deathly afraid to do any side-trading right now. the last hour for me will be purely spectator sport . . . my $2.0660 avg might sound high . . . but not considering where I was when I started.
lets see what happens at 3:00
On Feb 13 01:17 PM cos1000 wrote:
> I had a sell on the 7500 sh at .11. I didn't think it would get there > until later and I got taken out. I bought 8900 back at .0925 and > will hold taking the additional shares where ever it goes from here. > Took the extra shares instead of the money given the news pending...... > Our discussion last night had me put the limit order in at .11 instead > of .12 so thinking these things out ahead of time really does help. > 1400 sh is nothing here but where I first bout into this company > it was a decent investment. Ah to be back at $2.70 a share........
thank you cos, you are a man of impeccable taste . . .
now, what will you do today at 3:00PM? same discussion we had yesterday but with the existing news flow as it stands . . . and an assumption that there will likely be no short covering today in normal hours trading.
will you still take anything off your side-block and reinvest elsewhere or will you stay in a hold through the weekend?
use the same assumption that we are at $0.10 at 3:00 PM on an upward slope and status quo news from here . . . I think the decision is harder now than when we last discussed . . .
> guys... (look familiar?)...convert news just got us back to exactly > where we were for the last few months. So imminent BK is now once > again out of pricing. Now we should hold right here while all wait > until definitive news..either this PM, over the weekend. If over > the weekend, this thing could open at .50 on Tuesday (if good news).
Get ready Charlie . . . it's payback time! Mel, if you're out there somewhere reading, I will have a little gift for you later today . . . hint . . . you will be able to call up Charlie and tell him that "paybacks a b$%^#!
First Mel, take care of FEB as I know you will . . . then the gift comes!
amen Relmor! plus I have a little something up my sleeve for chuckie later today, after the Liberty deal is announced, just as a little gift to Mel . . . it will be a surprise. I will post it here first
and btw, the Liberty deal is done. just waiting for the ink to dry. they are not convening a Board meeting for fun. The Board already knows the structure. This is a rubber stamp vote . . . Mel already took the straw vote last nite.
On Feb 13 10:41 AM relmar2003 wrote:
> If Liberty bails out Sirius Ill buy 100 shares to offer my gratitude....
Will John Malone Rescue Sirius XM? [View article]
Restructuring other debt might lower the reserve which would free-up the needed $175 . . .
On Feb 13 03:29 PM mogami_99 wrote:
> Hi, If they have 175mil for Feb then Ergen has nothing. The terms
> of the debt are Sirius will deposit the balance in 3rd party account
> by certain time on 17 Feb. 3rd party then waits for holder of bonds
> to collect. Once Sirius makes the deposit on time their obligation
> is fullfilled. If they have 175 million then they are fine. If not
> and they do not obtain it by 17 Feb then all the other deals default
> right along with the Feb debt. (it is in the wording of all these
> bonds and warrants)
> too bad companies are not required to always post their bank accounts.
>
Will John Malone Rescue Sirius XM? [View article]
On Feb 13 03:24 PM mogami_99 wrote:
> Hi, I am now a subscriber. Just signed up for the internet option.
> The music sounds CD quality to me but I must admit I have a severe
> hearing loss from military service.
Will John Malone Rescue Sirius XM? [View article]
I wonder how any of the restructuring would/will effect the current cash reserve requirements (which we still have been unable to nail down); I wonder if that could free-up additional cash to take-out Ergen?
On Feb 13 03:15 PM cos1000 wrote:
> We need one more piece of good news before COB or else we'll probably
> just stick around here between .10 - .11
Will John Malone Rescue Sirius XM? [View article]
it used to be "don't believe everything you read in the paper." now its don't believe anything you read
Will John Malone Rescue Sirius XM? [View article]
oh, and did they mention that "They're Going Bankrupt on Tuesday?"
On Feb 13 03:03 PM relmar2003 wrote:
> I went back and reread all todays articles about Sirius
> Noticed key diction and phrases, etc.
> Basically here is the main steam medias message to YOU, the Sirius
> stockholder today.
> Regardless of what you read as facts, you are a huge risktaker for
> being in this stock, and probably not very smart. You should sell
> your shares immediately to retain some sense of pride in your total
> embarrassement as an investment..Buying shares here would be downright
> stupid.
> About what they said..I just summed it up for everyone..
> Dont worry, no charge as usual.
Will John Malone Rescue Sirius XM? [View article]
On Feb 13 02:47 PM cos1000 wrote:
> .1099 and its not even 3 pm yet.......... what are they gonna do???
> This is a whole lot more interesting than Tuesday and Wednesday,
> and Fear was in the air...... people were saying by to each other
> ..... and Fear was in the air.
Will John Malone Rescue Sirius XM? [View article]
Will John Malone Rescue Sirius XM? [View article]
Will John Malone Rescue Sirius XM? [View article]
I would be deathly afraid to do any side-trading right now. the last hour for me will be purely spectator sport . . . my $2.0660 avg might sound high . . . but not considering where I was when I started.
lets see what happens at 3:00
On Feb 13 01:17 PM cos1000 wrote:
> I had a sell on the 7500 sh at .11. I didn't think it would get there
> until later and I got taken out. I bought 8900 back at .0925 and
> will hold taking the additional shares where ever it goes from here.
> Took the extra shares instead of the money given the news pending......
> Our discussion last night had me put the limit order in at .11 instead
> of .12 so thinking these things out ahead of time really does help.
> 1400 sh is nothing here but where I first bout into this company
> it was a decent investment. Ah to be back at $2.70 a share........
Will John Malone Rescue Sirius XM? [View article]
On Feb 13 01:03 PM sl62 wrote:
> SR...
>
> Oh yeah, JB works...
Will John Malone Rescue Sirius XM? [View article]
now, what will you do today at 3:00PM? same discussion we had yesterday but with the existing news flow as it stands . . . and an assumption that there will likely be no short covering today in normal hours trading.
will you still take anything off your side-block and reinvest elsewhere or will you stay in a hold through the weekend?
use the same assumption that we are at $0.10 at 3:00 PM on an upward slope and status quo news from here . . . I think the decision is harder now than when we last discussed . . .
On Feb 13 12:51 PM cos1000 wrote:
> That would be a big thumbs up.......
Will John Malone Rescue Sirius XM? [View article]
would work for me!
On Feb 13 12:18 PM sl62 wrote:
> guys... (look familiar?)...convert news just got us back to exactly
> where we were for the last few months. So imminent BK is now once
> again out of pricing. Now we should hold right here while all wait
> until definitive news..either this PM, over the weekend. If over
> the weekend, this thing could open at .50 on Tuesday (if good news).
Will John Malone Rescue Sirius XM? [View article]
On Feb 13 11:22 AM relmar2003 wrote:
> Up over 100 percent from low now...Wheres short and stubby and that
> other guy today? I have some crow for them...fresh out of the oven
> too..
Will John Malone Rescue Sirius XM? [View article]
First Mel, take care of FEB as I know you will . . . then the gift comes!
Will John Malone Rescue Sirius XM? [View article]
and btw, the Liberty deal is done. just waiting for the ink to dry. they are not convening a Board meeting for fun. The Board already knows the structure. This is a rubber stamp vote . . . Mel already took the straw vote last nite.
On Feb 13 10:41 AM relmar2003 wrote:
> If Liberty bails out Sirius Ill buy 100 shares to offer my gratitude....