Granted, Opie's loss could mean a "few lost subs", BUT, by this time, Siri has, traditionally released its quarterly sub count, 4 the prior qtr. IF it's strong, then they'd likely have released it by now , BUT, another "maneuver" to keep the lid on Share-value?
Wow, since those share "buybacks" started siri's share value has really taken off= N O T= Only stock that will STILL drop, EVEN if the company's buying back a gazillion shares= + Nothing's going on here/LMFAO!!!!!!!!!!!!
Gotta give this guy credit; he's been doing a great job of surpressing share value; wants to keep it down till he maneuvers all of the "reets" out; wants to make sure that THEY don't make a nickel out of Siri= HE wants the whole thing 4 himself= HE'S gonna keep this down till HE owns almost every share; wonder how much he's having to pay his "G.S. lackies" to keep programming this down, every day?
Don't doubt that a bit; Siri's S/V will generally do the exact opposite of what Metrics would suggest., +, in THIS case, a strong "buyback" suggests an upturn, BUT, HERE, not a chance!
Yes, and, the USUAL , during a "stock-buyback," is 4 share value to noticeably increase in value; this is the expected "pattern", But, of course, we R talking Siri, here, where the "un-expected" nearly ALWAYS trumps the expected. BTW, still get the distinct impression that increasing siri's S/V is DEFINITELY NOT on Malone's "Bucket List"!!!
Well, they DID say they were gonna buy shares back, didn't they? As of yet, low vol. would suggest otherwise; but, then again we ARE dealing with a company that's apparenty determined to keep THEIR share value down, so as to "shield ANY revenue + ptofits" getting into their shareholders' pockets; they'll wait till their NEXT cooking the books scam +/or, left field, end around run, to try to "relieve the 48% from their shares!
Never seen a mgt team that's either THIS greedy or , this dumb!!!!!!!
Looking back, who has "Taken away" the most $$ out of Siri's operations?
Stern will have made at least a billion$, by the time HE retires; Mel K 'walked" with over a 1/2 billion$ in options(basically, his reward 4 handing the company over to Malone)
Malone made 4-6 billion, overnight, 4 a 500 mil$ loan @ 16%, which was quickly pd off!
Mgt + B.O.D members have continuously rewarded themselves handsomely 4 shielding the majority of revenues FROM Siri's shareholders!
And, so, the beat goes on, with J. Malone continuing to make sure that the retail shareholders get the shaft while the Siri"principals" get the(gold) mine!
This latest "2 billion$ share buyback," is really doing wonders 4 S/V. +, it's being pursued SOOOOO agressively, THAT, if it were NOT announced, folks would have NOOOOOO ideer that it was going on(based one the H U G E volume=lmao= of shares being traded since the announce buyback).
Just goes to further confirm that, Malone really Doesn't want siri's S/V to "escalate", until he has his greedy paws on a whole lot MORE shares than he currently owns.
He's carrying on the siri tradition, nicely= that being that revenues + profits B shielded from being returned to share holders +, rather, B channeled into the so-called mgt's back pockets thru diverse accounting schemes and other non-transparent ploys!!!!
Just don't get it, that a company would put themselves into debt to issue a dividend('course,, we know it'll also B used to "Buy shares back"=BUT from W H O??)
Just do N O T trust Malone= Would'nt B a bit surprised if he's already planning to sell a huge batch of shares back to Siri that he bought on the cheap, after he pd G.S. to use THEIR flash program to get the S/V DOWN to where he could turn a huge profit 4 LMCA
BTW, IF there WERE to B a dividend declared, would'nt Malone + LMCA make out like bandits with his 53 % ownership of Siri's shares being pd the biggest chunk of the dividend payout??????
This whole loan scenario , imo, is just a Malone ruse, to, yet again, drain $$ OUT of Siri's till and into Malone's(liberty) acct., to help fund his Charter cable project= he's "just that kinda guy"!!!!!!!!!
Now, S/A article referring to this loan as a device that "may B used to issue a dividend"???
Of course, this is merely another Malone "ploy" to get another huge siri "payout to LMCA", thru dividends on the billions of shares that Malone + LMCA own= BTW, since when does a company consider it a good business to borrow a huge sum to issue a dividend??
Always though that dividends were a way of sharing huge profits with its shareholders, NOT a reason to borrow 750 mil to finance a "bonus"!
Well, NOW, in the most recent 750 mil. loan news release, it's being said that Siri MAY use it to fund a dividend payout=; just another way 4 Malone to rob siri of its capital, while putting it MORE in debt to pay Liberty a "dividend" on the billions of shares that Malone + LMCA now own+ plus the hundreds of millions of shares that he likely bought "on the cheap" while he had his G.S. lackies programming the share value DOWN 4 the last 6-7 weeks!
Likewise, let's hope that these,+ ANY future buybacks R done "on the open mkt", +,N O T going to B buybacks of shares from Liberty!
IF THAT happens, it could B a tell that Malone has tergetted Siri as a source of revenue $ 4 LMCA, with little or NO regard 4 Siri's financial stability= He'd B bringing it close to where it was when Mel K literally Gave him the company in exchange 4 a "sweet retirement pkg"!!!!!!
The truth hurts. S.F has merely repeated what a few S/A subscribers have already(imo) accurately alluded to, that Malone has "cooked the books" in Siri's 1st qtr., so as to make sure that the eps DOESN'T exceed expectations!
Becoming clear that Malone doesn't want there to B, A N Y chance that retail shareholders get a penny out of Siri= He'll let it run AFTER he's had his lackies @ G.S. accumulate hundreds of millions of cheap shares in a 3rd party contract. THEN, once he's "squeezed" every retail share holder out of THEIR shares, he'll let it increase in value= best example of a multi-billionaire who figures that he just can't get by on his "meager empire" + has to bleed the working stiff dry, so that HE can add a few MORE billion to HIS acct.!
So, we've seen what appears to B a "cooking of the books", to keep 1st qtr eps lower than it could have been. Also a "skimming" of 50-60 mil$ on the recent share repurchase to shares from Liberty.
Wonder how Malone's gonna proceed from here on to continue to hold Siri's s/v in check while he skims cash OUT of Siri's acct + into LMCA'S?????????
Guess that LMCA will soon announce its "next siri share sale TO siri(naturally, of recently accumulated "cheap" shares @ a price of 3.10,) while Malone has his G.S. "pimps" continue to "program" siri's S/V down + down!
This guy's REALLY a class act, with all of his nickel + dime penny pinching, under the table schemes, designed to keep as much equity as possible OUT OF THE RETAIL SHAREHOLDERS' hands, and, in HIS back pocket= one of thr greediest to come along,IMO.
All of this to expand his "cable empire", while cable itself, will B the NEXT antiquated form of technology!
So, his plan now appears 2 B to BLEED Siri dry as he can get away with to expand his pet cable toy.!
IF Siri WERE buying shares back today, then the stock would not have continued to have been trashed!
Does Siri mgt WANT S/V to go down?
Is there possibly a 3rd party accumulating siri shares on the cheap so as to lessen their cost when they eventualluy DO make an offer to Malone to buy siri"
Siri's mgt is currently seeming, like Mel K did, to ignore the trashing of their share value + mkt cap= as if they could care less= do they really care at all?! Looks as if NOT!!!!!!
This IS getting so old, + sooooo conspicuous, + the so-called siri mgt team, as was the case with Mel K, seems 2 B oblivious to the decimation of siri's s/v + the company's mkt cap= its recent performance just DOESN'T seem to NEARLY justify this daily trashing, SOO, when's Malone +/or Goldman Sachs gonna let off = WHEN do they reach the "target" lowball S/V that Malone has in Mind?