siriusly depressed

Stifel Lowers Sirius Estimates on Weak Auto Sales

btw, Relmor & Gekko,

If I'm depressed over SATRAD, imagine what you're doing to me with that talk of "One world government" and "we're heading to the Hitler days of the 20's & 30's"

Take it easy, your freakin' me out..............lol

Stifel Lowers Sirius Estimates on Weak Auto Sales

MARKBMARK,

I'm as "true and loyal" as there is,

I've been on this train wreck for over 3 years.......

I've added shares 4 or 5 times on the way down trying to average.

And, for the first time I actually sold 1/3 expecting the price to drop again so I can rebuy lower.......I'm still averaged in at $2.10 right now.

If I can get back in at my price point I'll get it down to around $1.30 avg........

I've decided to keep my head up and try to control my own destiny.......I'm no longer day dreaming about a wealthy future thanks to SIRIUS........

I've accepted that I'll never get even by watching....So, I'm doing something about it.....

Rev split and dilution is the last thing I wanted to see just like you,,,,,,,but right now we've got to be realistic about the options.........of which there are none............

By the way WTMBS,

This plan ONLY works IF the quartly numbers meet or beat............

This company is at a critical point,,,,,,NO ONE will continue to support this company based on future "hope"...

It MUST perform...............

If Q3 & Q4 show that the poor economy is hurting SIRI in the way of churn, & sub adds than SIRI will be diluting shares just to provide 2009 working capitol..........

People will RUN from this company..............

Is Wienkes Hobbling Sirius XM?

I like cos's idea that they're converting the debt NOT held by GS and then just paying GS off in cash.........

I think the only problem with this is that they may wait as long as possible,,,why hand over CASH 2 months before they need to??????? Unless is saves enough monthly interest on that debt?? anyone??

163888,

That $50 mil is debt converted for shares,,,,,,,,SIRI won't see any of it in cash..........

Stifel Lowers Sirius Estimates on Weak Auto Sales

I have a new outlook today,,,,,,,,,,,

Simply put, cos1000 was right all along,,,,,,be patient & wait for info from the company before coming to any conclusions..............

We're all worried about 8 bil share dilution, 50 to 1 split, Mel's a crook, & on & on.......

We've lost focus (or at least I have) of the concerns that are right in front of us......a company with a lot of debt, negative cash flow, bad auto market, bad economy, less consumer spending...........The... are our biggest concerns to be making decissions on....

Trust that Mel is working hard to make all of these things right until you have proof that he's not.........If you don't trust Mel, then sell & get out.

Would you buy into a company in these conditions if you thought the mgmt was corrupt?????......... HELL NO,,,,,,, staying in one with those beliefs is the same thing.

Our biggest concern right now is this Q3 call........if churn is up & sales are down we're in trouble...........a disappointing Q3 call will have an affect on the sp until the company can prove it's getting better, which will not be until the next call, at best.

The weight on the stock due to debt, split and dilution will be lifted as soon as it's explained by the company. Those are just fears, poor performance is real........

WE MUST HAVE A REVERSE SPLIT!!!!!!!!!!!!!!!!

There are too many shares outstanding.....It's allowing the shorts to short,,,,,and the stock to be day traded in the tens of millions of shares.

WE MUST HAVE SHARE DILUTION!!!!!!!!!!!!!!...

It's the only way to pay the debt,,,,,,,,,,,,,,the company doesn't make any money yet!!! If you approve of giving a personal loan to the company (WHICH I DO NOT) than you should approve of a split and dilution...... Same result, paid debt instead of deferred...........

8 billion shares issued and 50 to 1 split are not going to happen.....they're worst case scenarios,,,, the only way that would happen is if the company is way under performing and ready to go under....................

So again,,,,, the reason to be concerned and what to watch is performance (churn, subs, synergies)....those are the determining factors..................

If we're at .75 cents in the middle of Dec. we could pay the $270 mil due in Feb with only an extra 360 million shares..............If we're at .45 cents it would take 600 million shares.

Let's just say, worst case they issue 1 billion shares,,,that puts us at 4.2 bil shares outstanding.........

If we are at .45 cents, hopefully higher depending on performance, then a 20 to 1 split will give a share price in the upper $6 range and 210 million shares after dilution and split. That would mean we had a $1.44 bil mrkt share to start which really better be higher.

So come February,,,,,,,4Q performance will make or break us..................

If Q4 is good we'll be fine ......................

Feb debt paid,

May debt extended,

210 mil shares instead of 4.2 billion (not enough to support massive shorting)

$6.80 share price (more attractive to everyone)

B of B reported for the first time in Q4 report (only 20% of current subs would mean $178 MILLION/yr of additional revenue THAT NO ONE IS TALKING ABOUT)

At this point, there's nothing to short!!!!!!!!!!!!!!

In fact, SIRI will be in the best shape of it's life which will easily support a $5 billion mrkt share

None of this works without PERFORMANCE..........

That's my focus from here..........(at least this week)

Cos,,,,,,,,,how am I doing??????

Is Wienkes Hobbling Sirius XM?

Welcome aboard Ricker,

I appreciate your confidence, however, am I supposed to be happy that they raised $30m towards a $300m debt,,,,and did so by diluting another 66,000,000 shares???

I wasn't expecting to become a millionare, on the other hand I wasn't expecting to be BS's and robbed either.

Pardon me for getting on Mel's back, but so far, I've supported him while he destroted the stock over the past 3 years..........

Again, I appreciate your confidence, but unless you're in on the SIRI board meetings I don't trust Mel or you.....

Is Wienkes Hobbling Sirius XM?

So your saying you agree with Weinke??

If so,,,,,why are you buying at .24??

If things are that bad (which I think is possible) a rev split and dilution are immanent!!! which easily gets the stock in the teens??

Is Wienkes Hobbling Sirius XM?

sure46,

I agree that a convert price would be higher than .25....I think the last $30 mil convert at .45 was a sign of that....

Another thing about the weinke statement,,,,

He's not only calling for .25,,,,,he made statements like "if there's any equity left",,,,,,he also spoke of cost per sub, increased churn, lower sales, & lowered expectations.

He's been right on everything and I think those are valid concerns........

How is it that he's the only one with these opinions and he's always....
right....

I have a really BAD feeling about this Q3 report................... don't think there's any middle of the road.

Either it meets or beats expextations, shows a good picture of the merged companies, speaks definitively about the debt and future (which we've yet to hear from a Q report) and then the stock will jump.....OR,,,,,it possibly misses expectations, bad merger news, lowered expectations, and more vanilla BS, and no debt resolve.......and we're done!!!

As a trading play,,,I really think we need to go into earnings committed to one or the other......

I sold 1/3 of my holding yesterday at .36....I thought for sure it would hit the low to mid 20's by the end of the week where I would get back in and add my last round of bullets............

Cos, any advice??

Is Wienkes Hobbling Sirius XM?

You all are sounding like we may not see the 20's again.........

I thought that was a sure thing??????

Is Wienkes Hobbling Sirius XM?

good question 10101,,,

A .35 cent stock at that, nothing else to cover?...........and a comment that comes 1 day after the stocks biggest move up in weeks?????

We're getting worked.........

Is Wienkes Hobbling Sirius XM?

Imaze,

You sound like a very smart guy but I have to agree...your nuts...

We, the ones who lost our lunch, would give hundreds of millions of $$$ to a group of people who have become RICH by mismanageing hundreds of millions of $$$........OUR HUNDREDS OF MILLIONS OF DOLLARS....

Our money, not to be seen again for decades if ever????????????

NO WAY............

Is Wienkes Hobbling Sirius XM?

Here's a new conspiracy theory,,,,,

This builds on the theory of Mel & co. wanting to take it to BK which we all say can't happen...........We say it can't happen because they could get financing and their a growing business.................

What if their NOT a growing business??????????

This recession is the perfect cover for SIRI not to make it's numbers.........don't advertise, allow higher churn to go unanswered, SIRI misses Q's, and they drop to 17.5 mil subs..

A sacrifice for the future????????

What's Behind Sirius' Big Gain?

WTMBS,

I called SIRI IR yesterday and actually got a call back........

The answers to all of my questions were dry and toted the company line.

One noteable answer,,,,,,,,I did ask if they were looking to handle the 2009 debt all at once or in stages. He quickly answered that they were focusing on the FEB debt at this time........

Maybe were giving too much credit to the idea of clearing it all at once??????????

Sirius Boosts Lineup with NBA Offering

It'll be believeable too..........

Sirius Boosts Lineup with NBA Offering

Relmor could whip up a nice conspiracy theory for you that would include GS, the FCC, the demorcratic party and anyone else you wanted in there...............

Sirius Boosts Lineup with NBA Offering

I just have a bad feeling about this Q3 report................