sl62

Holding Sirius Stock: An Exercise in Humility

siridoom...

I believe I have told you this before but...

>>SIRI stock is rigged with a Goldman Sacks Computer in control. People talk about "THE SHORTS". They do not understand it is a GS hedge that Mel issued to guarantee the GS loan. Mel rigged SIRI with GS the day of the merge<<

This is incorrect. If you reference the 7/30 525b4, you will see that GS is not involved with the merger financing per se and therefore not connected to that hedge. The two IB's connected with that XM 550M deal are Stanley and UBS. GS's convertible from 2004 was the Feb '09 Note maturity that nearly bankrupted SIRI. But that was hedged in years gone by and as we know, they no longer even held the debt at the end.

Now. Having said that...I won't disgree with you that GS remains active in SIRI trading. Even though it is confirmed through mffais that they have a substantial long holding still in SIRI, they also know the resistance levels the SP currently faces esp through Dec of 2009. We know from their recent earnings report that GS's trading business was their most profitable in Q2..so it's safe for me to assume that they have been playing SIRI both ways..knowing their long position will pay off in due time..of which they have plenty. But..when you're quoting facts on the current 2014 XM ugly deal hedge that was created to close the merger, you are mis-speaking to say it is GS that is behind it. If as you say this board is a joke because of innacurate facts, you need to also be correct on yours.


On Jul 27 06:03 AM SIRI-Doom wrote:

> Great question:
> Would you pay even 1 penny to let someone rob you of $1? No. So why
> would you invest in a failing company.
>
> I agree. For me, it is pride. That gangster CEO, Mel KarmaCrook duped
> all the pre-merger longs and I am getting some back 3 cents at a
> time.
>
> SIRI stock is rigged with a Goldman Sacks Computer in control. People
> talk about "THE SHORTS". They do not understand it is a GS hedge
> that Mel issued to guarantee the GS loan. Mel rigged SIRI with GS
> the day of the merger.
>
> They Milk people who refuse to belive reality. But not me. I have
> worked that computer for 11 months to recover from that theif. <br/>