dayworker

Positive Cash Flow Signals New Era for Sirius XM

R.A.F. /Pell and like SIRI advertisers should check out what's happening in the media field to know the competition
SIRI is up against. Go to iphone apps website and realise that the entertainment/music/ne... streams are up all over the place. Some FREE and some PAID. The problem going forward is that SIRI will have greater challenges very soon. If the economy picks up by next summer will the consumer go out and spend it on sat rad or iphone/cell phone. If you compare SIRI website to iphone, there is a lot more on apps and it's exciting with the layout of choices
compared to SIRI. I own a lot of SIRI stock and heavily invested and want the p/s to rise. However, unless the players see the competition and not put their head in sand then SIRI won't be able to compete. The problem is management still doesn't get it. If in 6 months to next summer the consumer switches to the iphone technology and by passes sat rad then the co. is in trouble. SIRI has to make it's mark soon as being relevant. All the talk about the great content future doesn't hold up to the content future on the iphone apps. Don't be afraid and go check it out and do your own comparisons. Part of being investors is to know what's happening in your field.

Positive Cash Flow Signals New Era for Sirius XM

Jerrold, Stern has a pretty cool website. Lot's of great features and easy to access his radio show segments. Who do you think owns the rights to his website and all the material on it? NBC, ABC, CBS all have websites with segments, shows, new and old and who do you think owns the rights to the web material? And when these websites can be accessed by the iphone where the listner can tap into any feature then your point about the rights is moot? Sterns show can now be accessed thru his website and so the block you are talking about as far as rights is non existence as it will be with other media. That is point i'm talking about that you don't get how the access to enetrtainment is going way beyond sat rad. That is the future and it's happening fast. Everything can be put on websites and then accessed from many different tech tools which opens everything up way beyond what sat rad can do. The whole notion of audio rights may apply in some situations but will not be a factor thru websites and links. That's why you are missing the point about iphones and in general the whole cell phone technology link to everything. People will want connections thru their phone before shelling out for sat rad. It's a technology that is already being replaced. Get it now.

Positive Cash Flow Signals New Era for Sirius XM

Jerrold always on the defensive. Does not get the points of many others here. Only has is own ideology. My guess a staunch right wing
conservative with very little tolerance for expanding a mind set. Can't read between the lines. Everyone who owns this stock wants it go up.
So what is the problem with the p/s stalling? My view and i'm stciking to it is management is the problem? Bad financial planning, selfish and greedy as to how much they take and pays out to much in high talent fees to friends and hurts the bottom line. I also think the programming has gone into the toliet. When a new sub goes to see what the programs SIRI has they see all the right wing stuff it's a turn off. Christian channel is not entertainment. Why not have a Mormon, Jewish, Muslim channel. Why only one religion? Why only a Bloomberg channel and not a Socialists, or Communist, or Union
channel. The bias is now becoming narrow in focus to a right wing
ideology, none which has anything to do withn entertainment. So
the reason SIRI is becomimg a turn off is because of the management's mind set. It is old thinking and out of date. And their financial model will not work based against future charges, debts and expenses. It is based on subs growth with auto and skydock. Neither are guaranteed to rise at the pace everyone thinks they will. And if they don't then SIRI is in the toliet. So that after these many years of running the co. by Mel and team they have come up short. And now with the new technology breathing down their necks they are definitely behind the 8 ball. Jerrold give it a rest about constantly cheer leading for Mel and Co. it's annoying your one trick pony act.
The iphone and apps will change entertainmernt and SIRI will not be the first choice for young people to get their entertainment from as long as they think of SIRI as the Christian Radio network.

Positive Cash Flow Signals New Era for Sirius XM

Jerrold, attacking me isn't going to make the P/S change. I don't have anything to do with P/S. Obviously the market doesn't think the goods are there either. There are a lot of bloggers here that are just writing
glowing advertising and spin for SIRI. It's so obvious they want to keep some kind of fantasy spin going that this stock is about to take off.
They keep pumping, like you, that this sat rad is really happening now.
You got it right about the economy. If people don't have the extra money and can only purchase fewer items and subsriptions, it won't be sat rad it will be iphones. You may want to knock the younger people and say they don't know much or have experience and wisdom, but when it comes time for war there never seems to be a problem about sending young people to war.I guess they don't have the wisdom or experience to be in war so therefore they don't have wisdom to know what technology to choose.
All some of you guys want to do is quash people from blogger here if they go against you. Blogging is to hear other views. The fact that you and others want people to go away only shows that something is getting under your skin. There seems to be this fear some of you are running on when people challenge you, all you can do is say go away. It's not the maturity of someone with security or confidence if they are right. If you are so right then don't worry about my blog or view.
The problem is that you are out of touch with what's happening on the youth level and how they spend their money. I know you are trying to protect SIRI's share by saying the auto biz is going to pump up subs, but I got news for you old timers the movement is going somewhere else for entertainment. Just as you say young people will mature to another level so does time wind down the era of the old and tried and true and worn out old players with the same song. Don't bother with me, I'm just expressing another view that SIRI and sat rad will be old technology and the apps will be the new wave. The money will go to apps. That's just a fact.
The generation now into entertainmnt are not going to sat rad just some left over old timers trying to get the stock to save their retirement funds. In fact it's so hard for them to get it up they have to use their viagra to get the stock up.
You're completely wrong about the mobile rights and the ability and costs for the other big players to go audio thru apps. There are provisions in contracts that allocate the use of a product with in the known universe that extends to use thru othe media outlets. A good entertainment contract attorney always makes sure that there are options for future rights and distributions, because, old fart, they know technology changes and they have to protect the distributor's full access to develop product with any and all new technology that may arise.
The P/S is not going up becaus I write something on this blog, it's not going up because investor's don't see that the potential anticipated growth of subs thru either auto or skydock will be enough in the long run to sustain the business model. That is because the programming on SIRI is basically out of date and pretty useless for growth against the rising costs, debts and the way Mel and co take the money out for themselves first. I know you want to say that SIRI is all things to all listners. But I think your cataracts are clouding your vision. Unfortunately most old timers want to just hang on and hang on, they don't want to let it go and let the new generation come along. They don't know when to step aside. So don't attack me if the P/S doesn't go up, it's because so many others see what you guys can't and won't. I'm going nowhere.

Sirius XM: There’s an App for That

Keep that for your records on your calendar.

Sirius XM: There’s an App for That

Siri will trade at low $.50's to high $.40 after Nov. Call. It will stall for a while then stay in low$.40. Management gets nervous about when to r/s because they will have to pay Malone something next year and
delisting deadline looms in March.
They r/s at around $.48-..52. New price will be around $5.
Then it drops after r/s to about $3.40-3.60 with lows around $3.20.
Next they will try to pop out some shares as soon as it gets back to
around $3.80-$4.00. After that with slow growth and debt service
coming on the horizon it will eventually settle around $1.75 after
being diluted again. Management does take out their share for salaries and fees.

Sirius XM: There’s an App for That

Irrelevant comment. Not grown up. Juvenile. Better sell while you got a profit or you'll lose yours. Past performance is what it's all about.
Bottom line, if anyone is still reading this blog thread, Malone has to get his money from somewhere. If it's rev. stream then SIRI budget stays depressed for a long time. Otherwise, they have worked out
another scenario. Not good for SIRI.
Will see if anyone answers whether they admit to working for SIRI and if they can tell us what is the Malone contract.

Sirius XM: There’s an App for That

accumulated options. It has to do with making money on the fees and
interest on the leverage. The leverage and the product are two separate entirely different financial plays. That is my basic point. Watch out for the leverage. It's not related to your issues of future equity in options. That is the product p/e ratio translated to p/s as traded and valued in the market. The leverage play is separate and
traded among the players in on the leverage play. It does not translate to p/s and has little to do with future options. Management wants the p/s high before r/s in order to creat enough capital for the new shares to play a part in the leverage. That's probably where you come in to challenge anyone who calls out their game and you squash anyone who might effect p/s going higher by revealing their
leverage game. That's how I see it.

Sirius XM: There’s an App for That

That's right. I said it's circumstantial. I project like everyone else.
Just like you project based on your trust in them. I'm using the method
of pattern of past behavior. Your theory they want to protect their options is exactly the point of why the leverage play is so devastating
to a company. I'll say it again. They make their money on the salaries , fees and bonuses not on the redemption of the options. If the options come in the money they win a double.
Again you say I don't provide the facts. I explained that.
I'm not in the board room. I do know how the leverage game is played.
You also avoid answering my two questions. Say it on this blog in writing. Do you or don't any of you work for SIRI and your job here is to
defend the management? Also, expalin the contract deal with Malone. Do you know the contractual obligations as to when and how Liberty/Malone get their money under the contract?
You want me to provide facts and I expressed my view. But you
still avoid my questions. Why is that I wonder.
Also, are you denying that they will not sell new shares after the r/s?
The point is that with knowledge of how management works leverage the issue is not price share or their accumalated

Sirius XM: There’s an App for That

First we're looking at overall performance in terms of debt structuring
to the salary and bonuses they pay themselves. At a time when a company is on verge of bankruptcy good management is not taking high salaries and paying out high talent fees. They showed nothing in terms of credibility that they would sacrifice to help get funds into the budget.
Second, if you are familiar with how leveraging works, then you understand that assets are used to raise funds. In this case, management raised assets by leveraging the equity of SIRI.
This again does not help shareholders. It further means the future
income from rev stream has to be committed to debt service and that is again negative to any price share earnings, hence downside
for price share.
This creates a scenario SIRI is now in. They will probably not make the delisting rule schedule and the r/s is most likely.
Again the r/s is not a plus for equity holders. The only way people
speculate it's a plus if they create rosy scenarios that after r/s it's no longer a penny stock and then new investors will jump in and raise the p/s. Why would that happen? Just because the shorters are out but the fundamentals of p/s earnings remain the same and debt obligations and service eat up the revenue.
This is all due to management's financial planning. I know everyone
wants to go back to the merger delay and financial crisis, etc. But
the fact remains that management has not sacrificed. They have still cut themselves a big piece of the pie.
Now all you have to do is reveal in writing, say this blog , your relationship to the corporation. Are you or are you not here to defend them and attack any contrary views.
When I ask the question about what is the contractual obligation
to Liberty/Malone you always avoid answering. Explain how you view SIRI is going to meet those contract obligations.
The scenario it still seems is sell shares again after the r/s at the higher price to raise funds and again dilute shares. Are you, in
writing on this blog , denying this as their motive? I'm saying that
seems like the most probable scenario. I';ve made my stand.
Again, the evidence you are looking for can only be found by being inside the board room. They keep everything basically secret.
That's why you are asking me to come up with actual facts. You want to be
able to say, see I have no specifics therefore my position is not credible. That's one of the oldest prosecutorial tricks. Show you the
evidence or I should back off.
Sometimes good investigations are based on good hunches and interpretations of past behavior. Sometimes the evidence is circumstantial. I still contend the fact they were willing to pay themselves and the high talent fees as an indication that their motives are to get their money regardless of imminent bk.
It shows, circumstantially, their self interest. If you have a scenario that you see playing out, tell us. If it's the $1 in Nov. scenario and then r/s with $9 p/s and then with sub
growth the p/s is going to go higher, then we disagree.
The fact that you want to aggressively protect them and shout out, "put up the evidence", I think pretty clearly shows you are working for them to try and put down anything said against them. This is all so old corporation spin. I'm suggesting they are hiding what they plan to do
after the r/s and that possibly has something to do with the
Malone deal. All you have to do to prove me wrong is give out the details of what the deal is and how they are going to
pay Malone.
Just because Mel came out and said, no plans for r/s, does that mean that's what he is going to do. He has to say that. Who would buy equity with a r/s on the doorstep. But
he has to get p/s higher by denying so your scenario of a $1 can happen and then get a little bigger bang for the buck for the r/s. None of this is rocket science.
I'm not blaming you for going after a contrary view or defending management as you are suppose to do, or the fact I may be pulling off the curtain to expose the wizard of oz, it's just that I want all the cards on the table. Go ahead
disagree and try and stop me from expressing my view.
In today's financial climate there are many underhanded
things going on. Many of them are the hedge fund and leveraging type. Because there is so much written now about managers who are using leveraging to reap rewards at the expense of the product and shareholders it gives investors signs to watch for. SIRI management shows those
signs and m.o. by the debt and leveraging to Malone.
Again this doesn't mean the SIRI product isn't good, it's that there is another financial game going separate from
the product. And if you are with management and don't want that exposed then it is your job to go after me. Understood.
As far everyone else who thinks it's SIRI product bashing or being negative, I understand. It's not. I'm drawing the distinction between behind the scenes money play and the
product. It's uphill for the product if there are back room deals and leveraging going on. The money play is for the managers and not the share holders.

Sirius XM: There’s an App for That

Oh, don't forget to plug in your plus or minus. We don't want to miss
who gets the star and who doesn't. You need to keep on your grade school grades and check list, otherwise you wouldn't know if your in the front of the line or in the back of the line.

Sirius XM: There’s an App for That

Same old, same old from those who can't stand the truth. You can';t handle the truth. All you guys come up with is tell people to go away.
Wow, what intelligence and imagination. Is that all you have is to
tell people to go away? Call them stupid? What are you in grade school. Have something to say on the merits. Have something to say that shows your knowledgeable about the market direction for SIRI.
Come up something intelligent about Corporation function to pay off it's debts without pie in the sky if this or if that. Tell investor's something significant about how the p/s is going to recover and
how r/s is going to be good for SIRI.
Some peoples level of blogging is to just drool on themselves like the ignorant children they are. Say something, just something intelligent about SIRI. Don't waste your time with little school boy
rants and then run away. Say something of merit about SIRI.
We're all waiting and listening.

Sirius XM: There’s an App for That

The right thing is to stand up for truth and honesty. The right thing is to shine light on the facts. Harvard would be very proud. The training and
education is point in fact to expose those who would harm others.
By challenging ,criticizing and talking truth to power is as noble a
tradition as the great institution would hope for.
As everyone can see the barbs and demeaning comments is all some have to say. They don't answer on the merits. They want only
one position , their own. They want to attack and tell people to cool it because they don't anyone to examine closely the actual inner workings of SIRI. They want people diverted away into some kind of
fantasy about the pie in the sky scenarios to keep people from facing the reality.
The reality is, yes, SIRI has a good product and a potential for some growth. But it could be in the wrong management's hands.
That's a fact and needs to be looked at. Studying the management
team of any Corporation is Bus. 101. But when ever anyone approaches a good look at Mel and Co. performance they start with
their attacks. And as you notice they haven't denied it. It really could be they are here to fend off any mobilization against management.
The bottom line is that what are the actual contractual terms under which Liberty/Malone get their money back? When and how will
SIRI get the money to pay off what they leveraged to Malone?
The fact that this was a backroom deal that no one knew about
tells us that there may be other deals going on we don't know about.
Sure some want to pump the good prospects of SIRI, the new products, auto recovery, some p/s uptick and all the rest that bodes well under a good management for good product recovery, but the fact that this management has sunk SIRI into tremendous debt, and while on the brink of BK showed very interest in cutting
their own pay and bonuses, as well as high priced talent, indicates
that management is willing to sacrifice the shareholder for their gain.
There is a philosophy in law that says false in one false in all.
In otherwords Mel and Co have shown that by paying themselves
off when the ship was going down means that the Captain, in their eyes, gets off the ship first. The share holders who put up the equity
to keep SIRI afloat have been thrown overboard. That's a fact.
And those who sing for management, always bashing any criticism
as they have been hired to do, are not willing to face up to what the
facts show.
Sure SIRI shows promise and there is some movement, but they were saved all along by equity share buyers. And those who say
people who bought shouldn't whine are singing for management
because those shareholders who saved the Corp. are getting
ripped because of greed. And when SIRI went to the edge of the abyss Mel pushed everyone over when he leaveraged what he had
left to Liberty/Malone and pretty much sold out the equity who kept it afloat.
So now ask the question, what is in the contract with Malone, the terms on when and how he will get his money? What was the guarantee?
The fact is, the equity that saved the shipped was sold out from under them. And shareholders have a legal right to know what management is doing to protect their investment. Harvard would be
very proud.
The fantasy SIRI will be $1 in Nov. is a way for them to string you along. The fantasy that after a r/s they won't sell new shares at a
higher p/s is how they keep equity holding SIRI together while they
patch the new debt leaks.
Again it has nothing to do with SIRI as product and it's potential.
The money play with Malone, the leverage play, and the fact Mel
and co. are taking for themselves is the outside backroom game.
Don't give up on the product, just realize who the Captain is.
False in one false in all.

Sirius XM: There’s an App for That

Ha, Ha, Ha. Unbelievable. You see how RAF and Pell are doing the same thing. Instead of keeping to a discussion they start to engage in these off handed remarks and demeaning statements. It really only shows how they are plants for Mel and Co. They want to use the typical Republican attack machine to try and deflate an arguement by
trashing any comment. So juvenile. Pathetic.
Now the two are contradicting themselves and the in fighting begins.
All that you have said are if scenarios. The r/s happens one says,
then the other says later. Then there will be this turn around or this buyout. They both know diddly. They are only here to try and talk down any one who brings in an objective picture and criticizes Mel and Co. I told you in an earlier blog comment that they would eventually do this. Their whole point is to create diversion to keep people from seeing what's going on. They work for management and want to blind everyone to the fact that on the r/s everyone gets
screwed and that the there will be new shares issued at the higher
price to create a new fund source. If they knew anything about leveraging they wouldn't be talking so foolish about the stock price will do this or that. Because if their rosy scenarios were going to happen the street would be all over SIRI.
People don't be fooled by their denials and promise of this great
uptick. It ain't going to happen. The management will take the funds out before it comes back to share holders with higher price share.
That's just who they are.
Now one says the r/s will happen in Nov. Here's how stock holders get screwed.
If one bought 25 k shares at $2 they are in $50 k
At $.60 they have now $15,000 in equity.
After r/s they will have 2,500 at $6.
To get there $50,000 back the share price has to $20. Just to break even. From $6 to $20 with all that debt and Liberty stake. Ain't going to happen. Their just bull sh----g you.
With no r/s split the share price has back to $2. Reasonable.
But the r/s will happen some time happen and they will again sell new shares and leverage SIRI back into debt while taking the upfront money. They doth protest to much. They want to attack me and demean me. HA,HaHA.
First off they don't really know who they are blogging with and secondly their bolstering of their corporate knowledge and understanding of debt structure is pretty remedial. But they want you to believe they are above the rest of us. A joke. Corporate lackey's spinning to divert you from seeing how everyone is going to get ripped again.
I talk in easy terms because it's a blog and getting into legalese is
not required. There's no point in bothering with them because they will always divert you from how management will screw the shareholder again with the r/s and leverage. They are only here to defend the money grab by management. Ha, Ha, ha.
Maybe they want to go toe to toe with a Harvard grad and a first
rate legal mind. I can raise it a few notches if they want. OK by me.
It's easy to put them to the test. Just drop a few cases on them, some esoteric corporate legal writings, a few obscure SEC rules and we can put the whole thing into perspective. Choose your weapon of battle gentlemen. Ha, Ha, Ha.

Sirius XM: There’s an App for That

We'll all wait and see what happens. Understanding the nuances of leveraging is also important.
The bottom line is still the same. Thers is a rev. stream from paying subs. There is churn and there are subs addition. There can be
estimations about what the rev. stream will be from total average of
paying subs.
Obviously all expenses have to be paid out of the rev. stream. Can
anyone answer how Malone will get paid his principal and interest?
Handling the budget is managements obligation. They have put SIRI in debt. Are they going to increase rev. stream enough to pay debts and all expenses? How many new subs in total do they have to get? And then will they be able to budget in such a way as to move SIRI into the black? Or are they going to keep taking money
for themselves and the high talent fees? That's why they are amoral.
No matter from what angle you look at the structure I don't see a scenario how Malone can get his money with out selling the shares again after a r/s. In other words Mel and Co. will keep the debt flowing while all time taking out the upfront money. That's just how
it has to play out. There won't be enough rev. stream to handle the budget otherwise. I'm open to other scenarios if anyon has one.