dayworker

Who'll Blink First: Sirius, Loral or the Banks?

Sorry, your right. It's 30 days. I was just using my earlier
notes on another case with a 60 day rule. Didn't have the actual rule in
front of me. Stand corrected. Thanks for the good research.

Who'll Blink First: Sirius, Loral or the Banks?

Sorry, it might be 30 days after 1/16, then 180 days. Have to recheck
the exact language. In any case delisting is not a factor in the RS issue. If they say it and use it to get RS split votes, it is false
and misleading statements in order to restructure thru illegal
misrepresentation. Someone should confront Mel and the other exec.'s
and ask are they specifically saying publically to shareholders and the
investment community that a RS is necessary now to avoid delisting
in the current time period. Also, we need a direct answer from them,
if they get a reverse split, are they planning new share issues in order to use that money to pay down debt knowing everyone who suffered
a RS lost the value of their shares with no chance to recoup that lost money. AS shareholders we have to exert our rights in order to protect
our investments. The stronger we are as united shareholders the more power we have to get answers now before it's to late.

Who'll Blink First: Sirius, Loral or the Banks?

The current Nasdaq rules from 10/17 suspend until Jan. 16 any
delisting time period starting point. Any Corp. in the delisting time
period would get 60 days after Jan. 16 and then a second 180
days after that. This means basically 8 mos. from Jan. 16 for a
delisting of SIRIUS. With the current market still dropping it's
possible Nasdaq will extend the delisting after Jan. 16 because
their position is that more Corp.'s are falling under a buck the
suspension was necessary. If more continue to fall then another
suspension would be in order. Mel's using the delisting as a fear
tool to get votes for RS means they don't know the Nasdaq rules and
are incompetent, or they do know and are lying to us to get the
vote they want. They can't have it both ways. If they are lying then
it adds to `they are up to something'. In law, false in one,false in all.
Delisting is not an issue at this time for SIRIUS and should not be
a factor for RS. In addition, the current press release about the
law suits also means that Nasdaq has to seriously look at fiduciary
misdeeds in the management's attempt to get votes based on false
and misleading statements not in the interest of shareholders
investments as well as possible influenced stock trading to keep
the PS in a certain range in order to facilitate a restructuring favoring
management against shareholders interest. Nasdaq and the SEC
should shortly get involved to establish if the rules concerning trading
of this stock, and the stock PS have been unduly manipulated in order
to defraud investors for specific unpublished motives of management.
This should further spur Nassaq to hold in abeyance any delisting
based on ongoing lawsuits and SEC and Nasdaq investigations.

Who'll Blink First: Sirius, Loral or the Banks?

You guys hit it right with the buying pattern of the stock shares.
The trend indicates moves based on the way they perceive management is going to make their move. The key point is management wants to use
shareholder money to pay off the debt. That is obvious.
From a strictly business point consider the numbers of a RS. No emotion,
no conspiracy, no manipulation theories, just numbers.
50,000 becomes 1,000, @ .25, the 50 k is $12.500, the 1 k is $12.50
pps which equals $12,500. This means the @ .25 it only has to go to
$1 to get to $50 k. The 1000 has to go $50 pps to get to $50 k.
To get $100,000 the .25 has to go to $2. The $12.50 pps of 1000
has to go to $100 pps. How is that possible?
It's obvious with just looking at the numbers there is no way a RS
will help shareholders get their money back. It's not in the math.
So why would the bosses want it? Because they can issue new shares and get the debt paid off with new shareholders money. What does that show how they feel about the other shareholders losing their money.
They don't give a crap. That is the kind of management they are.
This is a management that wants SIRIUS for themselves while using
other peoples money at the cost of shareholders losing. They could cut the expenses to the bone. Stern can postpone his salary for a year, Oprah doesn't need money, cut her back, Martha the same. In these times, cut, cut, cut. But they won't do it. They are just living fat off the
$2.7 bil revenue. Good management would get the money out of revenue
stream to pay down the debt. But they won't do it because of ulterior
motives. Hence the conspiracy theories. NO! NO! NO! RS