"Fleas" jumping back onto Siri?=
LMCA short interest DOWN 384 thous. shares, OR 8.88%, while siri's short int. increased by aprox 1 1/2 mil shares, or, up .83% point.= So, NOW, Siri's again getting the hammer from the shorts?
Just gotta love the way that Malone's "executing" his "Takedown plan"Looks as if he's gonna get BOTH LMCA + Siri driven DOWN a bunch, before he finally decides to do SOMETHING= perhaps he's "forgotten" bout his proposed "siri takedown"???????
Amen= NOWAY siri will "do any green" until G.S. lifts its flash program OFF= Malone has Siri tied in knots= has traded RED almost EVERY day since he announced his "conv. takedown"=A co-incidence? Right= gotta B blind or a lacky to NOT see the controlled siri trading pattern!!!!!!!
Will B DOWN 1.5 cts, shortly, IF lmca stays where it is now-'cause siri's "programmed" to follow LMCA's action!
Siri s/v will go NO-WHERE, till the current conv situa. is resolved, + the "program" is LIFTED off siri's daily trades!!!!!!!!
BTW, as U may already know, the bi-monthly short-interest report WILL b released, sometime after today's close of business; should B interesting to see IF the "patterns" continue=I.E., IF LMCA'S continues to INCREASE as Siri's continues to DECREASE!!
IF one looks into the LMCA shorted share increase, they'll see a huge(aprox 32%) DECREASE in the # of siri's shorted shares= NOW at its lowest level in at least a few years. This merely represents that many siri shorts have jumped from siri to LMCA, given that Liberty has made its intentions clear to take over the rest of siri's 48%. LMCA'S short position has increased aprox 225% since Malone announced that he intends to get the "rest of siri" into the LMCA fold!!
IMO, you give very logical reasons 4 your premise, that the impending "merger" of the remaining 48% into the "liberty fold" would B in the best interest of BOTH parties,(though some may STROGLY DISAGREE). That being the case, I still have an uneasy feeling 'bout relinquishing any siri shares 4 new "c-class ones" that have essentially been created 4 THIS occasion.
Furthermore, these "c" class shares will actually B "tracking devices" that R ,IMO, not shares in the traditional sense, but more like a "mutual fund" that's "all-in' ON lmca!
The "non-voting" aspect, imo, is a non-assue; most companies common shares don't actually give their holders any REAL power to sway a company's direction!
Overall, I'd STILL B more comfortable, IF siri walked away from THIS deal, though It should B obvious that there'll eventually B ANOTHER DEAL, that WILL get done!
A) Yes, agree that there cvontinues to B a great deal of " siri programmed trading " going on, but, that's been going on 4 quite a while(I know= the conspiracy theory= but, it just so happens 2 B true), B). Though it Does seem to B getting jerked around, gotta admit= they're doing a supetb job of it= when's the last time , since Malone made his Jan. "takedown" conv.announcement, that siri share value has actually been green? Only a penny, once or twice!
C). That 3.68 boat sailed a long time ago= Liberty's S/V has decreased so much since then that Siri's probably @ a "low 30's conv rate", by now!
So= Malone's done a great job of getting BOTH LMCA's AND Siri's share value hammered= good work, J.M.!!!
IF Malone gets his way(+ ownership, all of the 48%'s shares 4 nada), then Siri, essentially becomes a "tracking stock", +, will perform as Liberty shares do(supposedly)
Just 2 minor points, here= A). If this happens, then Siri's shares will actaully trade per a "setting" that sets them to follow LMCA'S performance, ergo= it'll essentially be trading as a "Programmed Stock" would! In other words, it'd B controlled, not by Siri's performance, BUT by Liberty's performance!
B) Has it not been doing exactly this, since Malone made his initial "Siri 48% takedown" announcement? This IS to say that, someone+or a firm's "flash program" has been regulating siri's share performance, since Malone announced his "takedown"!
A N D, the sec has absolutely NO problem with this, even though it may represent an agenda 4 Liberty to B contract buying siri's shares to gain a "majority of the minority" vote! ; +, even thoug, it's also being done to manipulate the s/v to the lowest possible conv. rate 4 Malone?
The weekend has come, and 2-3 a-holes still spend the majority of their time posting their sad +pimp-type commentaries, under 3-12 "aliases""!!!
Guess that "the WMT THING" just didn't work out 4 y'all= LMFAO!!!!!!!!!!
Here's what "the market" thinks of J. Malone + Liberty's "move" on Siri's 48%:
Since Malone announced his intended "takedown" of Siri's 48%, with his insulting "conv. rate exchange," A) Liberty' "short interest" has INCREASED from 1,0508,52 mil shorted shares, to a "whopping" 4,322,192 mil shares shorted= a 229% I N C R E A S E!!!!!!!!!
B) +, Since then, Siri's shorted share count has DECREASED from 267,707,509 to 184,790,394 shares= a 34% D E C R E A S E!!!!!
Now ,of course, this also means that many of those were that were previously shorting Siri, jumped off siri + onto LMCA(seeing as Malone so "cleverly" announced that he would B taking siri over with his conv rateexchange), + Lmca was soon to B the "new siri"(might as well B called so, as so much of liberty's cash now comes from siri FCF)!!!!!!!
May not B an "ethical" way to do business, BUT, hey, morals + ethics= out the window when it comes to separating Siri shareholders from their equity= It's getting to look more + more like Malone is having his "special committee" stall 4 the exact reason mentioned above= he + his G.S. shares can vote whatever conv rate they want, once he + they have accumulated enough shares to get the job done!
Is it "legal" for Goldman Sachs+/OR Morgan Stanley to B "accumulating" siri shares, @ these low prices, and, THEN using THESE shares to vote Y E S to ANY offer that Liberty(Malone) proposes to the 48%?????????.
Course, @ some later date, these "accumulated shares" would then B sold to Liberty @ a pre-agreed upon price that would reflect a "guaranteed premium" to what THEY paid 4 them!
Not ethical? Not "fair" ? "Dishonest"?= Doesn't matter to Malone= only thing that matters is "can I get away with this?"
And, I think that he can+ is doing this + THIS is the reason that the scam "special committee" is taking SOOOOOO long to take ANY action= they've been directed to wait till Malone has "accumulated" the needed # of shares(by contract) to have a majority "yes vote"! Just my opinion, BUT, he's "just that kinda guy"!