lmaze

Sirius Investors Still in the Dark as Takeover Speculation Continues

REl, SL, Cos, BDP: Imagine you are Ergen, assume that the deal with Malone is done, he's bringing Cash and he gets stock, does anyone really know how much of the Feb converts he holds? Lets say he holds the vast majority, do you take your cash and go OR to you roll the dice on the future and convert? If he has more senior debt does he convert after negotiation, does he wait for the 4th Q numbers and 1st Q guidance? What would you do? I'm going to the airport it will be a while before I see your reply's.

Sirius Investors Still in the Dark as Takeover Speculation Continues

Siri-hope: "why fear death, its the greatest adventure in life." Relax this will all end this Tuesday, one way or the other. Look no one really wants a bankruptcy, especially Mel. This would destroy his reputation and his ego, because he will forever be known as THE guy who ran Sirius into the toilet. Trust me every single person who posts here would never let Mel forget this debacle.

Common sense, don't you think Mel was aware that he would have to make payments on the "toxic" financing, that he would have to refinance the company THIS year, or take in a large investor who would keep him in charge and inject a large amount of cash into this company.

We all knew on this board that the above would certainly result in dilution and a drop in the stock price. But hey for the most part on a company such as this your time horizon must be five years or more before you see a profit, it's that speculative. Granted you could make money day trading, shorting or back when Sirius was a stand alone company selling calls, but for the most part, you invest only a little gambling money, you know the money that you would have spent at Harrah's but couldn't, because the weather down in South Jersey is crappyand you don't want to travel on the Garden State parkway

The rest of the time put your money into a diversified portfolio, and your house, maybe buy a rental property where you can collect some rents, maybe a tax deferred annunity if you live in a high tax state, you know keep it real.

I understand, I love this company because of its product and it irritates me that Management ran it like kids left alone in the candy store, and that includes Mel for all his famous cost cutting, because from the outside looking in, the marketing department of this company is and was disgraceful.

In all probability there will be a white knight whether its Malone or Ergen they will be issued stock and maybe they will inject some further cash into our company and once the near term debt issue is resolved, you will see the reverse split and a new direction for the company. And if I worked at the Oprah or Martha channels I would start packing because those channels are going out the door as either those two contracts get restructured or they will expire and not be renewed unless they are in an amount which reflect listenership to their channels.

So hang in there maybe you can make some money daytrading over the next few days, as for me I'm chilling. I'm going snowboarding for the long weekend.