No conspiracy. A bunch of people were kicking the tires here but did not want to pay the price. Thats what I like about Malone, always has the shareholder in mind. This company is solid and Liberty knows it.
The moves Liberty has made the last 12-18months will play off bigtime down the road.
P.S. My how the Liberty family has grown! Are there 15 or 18 family members now? Hard to keep track. I haven't sold a one yet. I like what I see for 2015. What did you think of the QVCA-LVNTA news?
Each right you buy allows you to buy a share of stock at discount. Yes commissions. Yes you can oversub.
NO. If you do not wish to buy more shares under the rights offer then you can sell those rights. The ticker is LBKRV. The ticker changes to LBRKR on the 11th. Last trade 12.56. They will trade until the rights offer ends.
The article quotes the number of shares short at 7% of the float. The "true" number is more than double that! More like 16%. Why? Because 60% of the float is in Liberty's hands and there not selling a single share.In fact they just bought 6mil. more. Watch out shorty when Malone makes his move. SWEET
Very nice indeed
Major owner of Sirius XM Radio Inc. just picked up 5,974,510 shares
Media Corp Liberty, a major owner of Sirius XM Radio Inc. and a director of the company, recently acquired 5,974,510 shares of the company.
After comcast and time warner merge 3mil. subs will be spun out to form Greatland connections company. It will be owned by Charter and Comcast. LBRDA's major asset is the Charter stake. Should happen end of 1st. Q
GigaOM’s Jeff John Roberts reports that SiriusXM may have an ace up its sleeve in the form of a decades old legal case involving the same issue. According to Roberts, SiriusXM is pinning hopes on a case from 1940. Apparently SiriusXM is asking a New York judge to use this particular case as a basis to reconsider her ruling last month.
Roberts sourced a legal website, Litigation Daily, which came to the opinion that SiriusXM believes that U.S. District Judge Colleen McMahon overlooked the significance of the legal battle and decision from nearly 75 years ago.
Were going to be part of this. Make sure you get all the discount shares you can.
Comcast Posts Stronger Results for Business Pegged for Spinoff
Business Posted Higher Revenue and Profit for First Nine Months of the Year
By MICHAEL CALIA
Comcast Corp. said the part of its business that it expects to spin off as part of its deal to buy Time Warner Cable Inc. posted higher revenue and profit for the first nine months of the year..
U.S. District Judge Cwalsholleen McMahon said last week she had failed to consider RCA v. Whiteman in ruling against Sirius XM for its use of pre-1972 sound recordings.
Sirius is now arguing that no common law rights could be invaded when a sound recording is played on the radio.
Its not over till the fat judge sings.'
Hey squeeze I would like to think it's because of some grand deal but my read is Liberty has spun out several assets as new stand alone companys and therefor they have to make adj. to there 401k's. What did you think of Lovine board member news at LYV? Thats where part of the gold os burried. GL
I'll let the CLUELESS yo yo's look it up. Another cash gift to Liberty shareholders. TKS. John for all the wealth you create
The math is simple. SIRI has a float of almost 6Bil. LMCA has a float under 300mil. The hallmark of a Liberty family stock is, small float, big buybacks and tons of shares held buy Malone and the insiders. The Liberty family stocks are all tight coiled springs. SIRI is the lone wolf. But not to worry. Good things coming there. Pay attention to LYV. GOOD luck