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Sirius Investors Still in the Dark as Takeover Speculation Continues

What are the chances of an all out buy out bid? And if this does happen, what are the chances of regulatory factors completely undermining or canceling this? What are the chances of my head exploding right now? I've got to lay off of this. It is becoming compulsive. But it is so exciting in a profoundly twisted way.
Later folks-

Sirius Investors Still in the Dark as Takeover Speculation Continues

I think the big blocks are mostly day traders at this point.

Sirius Investors Still in the Dark as Takeover Speculation Continues

I think I am correct. As the DJIA climbs, Siri is following. Can this be an indication diminishing shorts for fear that there is an upside approaching?

Sirius Investors Still in the Dark as Takeover Speculation Continues

Jeez. Looks like the market is scraping bottom for a second time. Maybe Sirius is actually reacting more to the market than itself.

Sirius Investors Still in the Dark as Takeover Speculation Continues

Considering Sirius gets saved and our stocks do not evaporate, what would be the best case per share stock price increase we could expect? Would it be something to get profoundly excited over or just put a little smile on our faces because the price didn't dropped a bit further from zero. Does anyone have any educated insight on this?

Sirius Investors Still in the Dark as Takeover Speculation Continues

The Wall Street Journal is "nearly out of brains".

Sirius Investors Still in the Dark as Takeover Speculation Continues

"Nearly out of cash" in this case has been skewed from the obvious fact that they don't have enough cash to pay off their debts, thus, "they are nearly out of cash". Nice.

Sirius Investors Still in the Dark as Takeover Speculation Continues

By 'intact" I mean by not filing bankruptcy.

Sirius Investors Still in the Dark as Takeover Speculation Continues

Can you imagine the atomic push this stock would get if Mel does indeed manage a mutually beneficial bail out which would spew Sirius out the other end intact? As I have been saying all along. Mel may be a dumb ass, but he's not stupid. He knows how to play the game and so far he may have the better hand. Hang in there everyone.

Sirius Investors Still in the Dark as Takeover Speculation Continues

Yet again, more rumors leaked by Mel (aka. people close to the source). Beginning to seem methodical. I'll bet we will hear something new rumor about every 2 days until time runs out and the truth shall be revealed. I say keep the rumors coming and drive that stock price up!

Sirius Plays Dangerous Game at Investors' Expense

relmar-
Exactly my point. How is it that these rags report information that can not be substantiated. It is criminal. Yet if you or I start a rumor that is based on fabrication and it affects the market, or even attempt an affect, we would surely be hunted down by the authorities.

Sirius Plays Dangerous Game at Investors' Expense

Article from Barrons:

The Wall Street Journal has followed with its own report on the situation, noting that Dish Network (DISH) and EchoStar (SATS) CEO Charlie Ergen has offered to restructure the company’s debt and inject several hundred million in capital in return for control. But here’s the kicker from the WSJ story, Sirius fans: “Ergen’s plan doesn’t involve buying out existing shareholders.”

In other words, the current options for Sirius appear to be either file for bankruptcy, an option which would likely wipe out the existing holders, or cut a deal with Ergen for terms that also would leave holders with nothing. The story recounts the difficult situation: if XM can’t raise $175 million by February 17 to repay bonds now held by Ergen, the company will likely be forced to go bankrupt. The WSJ also notes that Echostar controls a $400 million tranche of Sirius debt that matures in December.

The depressing bottom line for holders, as I have noted previously, is that Ergen might save the company, but he is not likely to save the day for the company’s remaining holders.



So the WSJ knows exactly what Ergan's plan is? Well then what are the specifics? Does anyone here know?

Sirius Plays Dangerous Game at Investors' Expense

Sirius seems to be bouncing around like a regular stock for once.

Sirius Plays Dangerous Game at Investors' Expense

And they're off!

Sirius Plays Dangerous Game at Investors' Expense

Now up to .084.