Well, THAT did'nt take long; back in the toilet, where of course most stocks R, today, BUT, as usual, Siri will lose a great deal; more than most on "down days'!
Stop the S/V from rising, Siri's mgt says to its lacky; turn your program on and get it back down= We need to accumulate as many as possible, from the Retailers, before we make our next "generous offer" of 3.39= They'll REALLY regret not taking "that one"= LMFAO @ their brass to continue to B committed to this path of running everyone out so that no-one but Malone + his lackies make ANYTHING off Siri shares!
Malone is, basically, "The Cable Guy". Nothing he'd like better than 4 his "Charter" to B in position 2 get into the "Time Warner" picture!!
But, 4 him to B in position to Jump on the opportunity, he'd need much more "tangible liquidity" than he now has positioned.
Enter the FCC, who's supposedly, currently stopped the clock on the Comcast/TWC deal= needs MORE info!!??
Does T H I S sound familiar? Get BACK to the Siri-XMSR "merger", being ridiculously dragged out, which actually opened the door 4 Malone to get "hold" of Siri!
IF the FCC drags its feet with the Comcast-TWC deal, like it did with the Siri-XMSR merger, it COULD open the door 4 Malone to step in and try again, to snap up TWC, in the manner that he acquired SIRI, B U T, he MAY need a lot more cash on hand to do so; enter= Siri= " 4 S A L E", and, THEN, the bidding begins= OF course, all just a 1 in a 100 possibility, BUT, still a potential scenario!!
Saw this movie= Morning's "teaser's" over, + Malone has his G.S. flunkies program it down to another 8-10ct decrease, by day's end=
Actually, Malone's not, imo, the least bit concerned 'bout s/v; he's all about getting more + more shares into the "Liberty Fold".
IMO, I think that he feels that this is H I S co., and no-one else should nake a nickel off Siri's shares.
Hence, he WANTS s/v to go lower so HE can accumulate More shares + drive out any retail shareholders= only ones that HE feels should make ANY$$ off Siri are he + those who "help him" to flush out the "amateurs"!
Like 2 B wrong 'bout this, BUT, IMO, he's "just that type of guy"!!
Is the "Naz" dragging Siri down, OR, is Siri dragging the Naz down? Though siri S/V usually gets hurt MORE than the overall mkt, when this happens, THIS TIME, it's more like there R additional forces driving siri down MUCH more than the overall mkt 's getting hammered!
Can't help but think that THERE IS something ELSE pushing Siri down, that, as usual, we will B the LAST 2 find out about!
Stock loses 12 1/2 % in a week and all the "home office can muster up R comments on how sad the retail shareholders must B that they didn't get "hosed" by a ridiculous low-ball offer and an up coming concert?
BUT, this has ALWAYS been the Siri home office's behavior= They've ALWAYS totally refrained to address the manner in which their stock has been trashed so many times over the last 5-7 yrs= a sorry lot, 4 sure!
He COULD'VE discussed the current great prices 2 B "buying back shares", OR, the very promising projected increase in sub#'s, or, a litany of other things, instead of this twisted line of what HE says shareholders R NOW feelin 'bout the 3.68(NOT 3.86) offer made in the form of worthless, non voting newly created shares!
He must've been a politician @ one time= Tell a lie enough times and someone will accept it a truth, + IF they do, then that's THEIR fault + THEIR problem!= Exact words of Pat Buchannon!
Meanwhile, this whole mkt retreat is making Malone's bartering toy(siri) worth a whole lot less, so, they take it out on the retail shareholders with their mis-information and mis-direction!
Siri's mgt. has put its "retail shareholders" thru this "rinse cycle" dozens of times, trying to get rid of the rookies by scarring them off so that Malone + his schill buds @ G.S. can load up @ cheap prices before they go thru the next "pump and dump"
In fact, IMO, Malone WILL eventually make a "decent offer" to buy out the remaining retail shareholders, BUT, that will only B AFTER there R a mere handful left, and the THEN generous offer will NOT cost Malone THAT much to own the company outright! Just my opinion, BUT, he's just that kinda guy!
Firstly, either Maffei, OR the press got it wrong= it was 3.68, NOT 3.86, and, secondly NEITHER was even close to Siri's REAL worth; it's a cash cow with assets worth 2-3 times the offer= just another attempt to steal the rest of Siri's shares like he originally got the 1st 40%.
'Course, Malone DID, in a manner of speaking rescue the co. from a B.K. , brought about thru the FCC and Mel K'S PPP(= p--s poor planning), BUT, IMO, at THAT time the retail shareholders' welfare was the LAST thing on Malone's mind= the 1st was that he was able to gain control of this co 4 peanuts and gave Mel K a gazillion to walk away quietly, to accomplish this!
So, Mafei(Malone's puppet, here) makes it sound as if SIRI retail shareholders R wishing they "Took the 3.68 Malone offered them, earlier in the year"?
Well, 4 THAT matter, there R loads of OTHER companys' shareholders who wish THEY could've sold THEIR shares, a few weeks ago, before the recent stock market retreat!!!
BUT, of course, Malone wants to paint himself as a benevolent benefactor, here, which, of course, is the exact opposite of the cheap robber baron that he REALLY is(imo).
What a load of sickening H.S.= to try to act as IF he made a "generous offer" THAT would have been, and still is, nothing but an insult to those who've made an investment in this co.'s stock, + he knows this!
Mafei announces," Siri shareholders NOW wish they had taken the 3.68 buy-out offer, earlier in the year"
This, is, of course, followed by the statement that "Liberty IS satisfied with the current situation, and will maintain the status quo.
In other words, Malone's merely trying to make himself it seem as if he made a "generous off" to shareholders, as opposed to the reality, which amounted to stealing the rest of the company as he originally did when he gave 1/2 bil$$ to Mel K to take a hike.
AND, that WAS 1/2 bil of shareholder $$= just another drain on share value , same type that has enriched the fat cats and shafted the retail shareholders, as always!
In fact, the mkt has been nose-diving, and Mafei's comment, as usual, was totally out of line, just as the rest of siri's mgt has ALWAYS BEEN!!!!
Because it just revised its sub count projections UPWARDS?
Because its FCF gets higher and higher ea qtr.?
Could go on BUT, the picture is quite clear; it's CRASHING because G.S. has set its program to do so and THAT'S what Malone (and, Mel K did) pay G.S. 2 DO!
Has to S T I L L B the biggest hustle and joke of A N Y stock that's EVER traded= IF truth B told= this scam would make enron look Penny ante!
Quite agree w/your logic here, BUT, this "cycle "has been going on w/siri's stock LONG before any buyback was ever mentioned= it's the nature of this stock to AGAIN do exactly what it's been doing 4 years now= a very transparent "buying opportunity" 4 those who have big enough ones to get the edge on this so predictable cycle!
Odds on favotite 4 share value to "tank" today: Mgt. + its "M+M buds" currently don't WANT share value 2 B "up" @ this time; they're currently putting the retail rookies thru the "quarterly rinse cycle"= cleaning house + accumulating 4 the upcomong "Pump + Dump" show! Merely a Re-Run of what has happened, soooo many times to this stock!!!!!
Wonder "WHY" this co. continues, this repeated trend of sending its share value down the tubes, at least 2-3 times per year?
Let's face it; the "home office" has, historically", sat back and remained totally silent as its company's stock and mkt cap get trashed, and N E V E R winces, never releases ANY data to contradict that THEIR company's stock is getiing "hammered", day after day, 4 weeks @ a time!
This appears to B a cycle whereby mgt is "in bed" w/ certain M+M'S that have the "programs" to systematically trash a stock, while THAT co. loads up, prior to THEIR next "pump + dump" cycle=
Longs as Siri maintains their gazillion outstanding # of shares, this will continue 2 repeat itself, and increases in sub #'s, increased FCF, etc., will still b a total dis-connect to share value + its daily performance!
This same "movie" is shown, 'bout every 3-4 mos.; S/P gets cut to shreds, while good news is about 2 B released(strong sub #'S, etc.), and, the so-called home office, sits back as if "business as usual" while their mkt cap evaporates!!
Gets so old and predictable= the "house-cleaning", to get rid of the "little guys" so that the M+M'S get their greedy paws on as many shares as they can, before their "pump and dump" scam gets ITS "showtime'!
What will the next "run-up" B, AFTER this "cleansing" has been completed?
Quite possibly see a 3.70-4.00 "re-surgence" before the "house" and their G.S. lackies take the rookies to the cleaners, yet again, in a few mos.!
Like anyone REALLY thought that Malone would "let" share value increase just because of a "measely" 200,00 increase in sub estimate?
This stock continues to ignore operational metrics and will do exactly what the Malone paid programmer tells it to do!
Has 2 be the MOST obvious case of irregular trading that has ever taken place! +, will continue to be so, until Malone is ready to try his next ploy to steal the rest of the outstanding shares!
he PROBABLY thinks that getting the rest of them on the cheap will B as easy as originally stealing control of the company, when he gave mel K 1 1/2 bil. golden parachute to turn Siri over to him!
Same Old S., here= share value going in reverse, AFTER what should have equalled a very favorable quarterly report,I.E., a forcast of a "substantial increase" in subs!. As usual, good news passes share value by, + it immediately resumes trading in a "range" designated by Malone and controlled by his "schill lackies" @ G.S.= best example of programmed trading that you'll ever see on Wall St! Stock will continue to B a total disconnect to operating metrics, + dance to the range that Malone wants it to B "locked" into!!!!!!!!!!