Take redthecat's advise and do as many of us has done already and call, write, send email, and COMPLAIN, CRY FOUL, CURSE( IF YOU HAVE TOO) and give them details about the fraud to the Securities and Exchange Commission, the Federal Trade Commission, the Justice Department. I assume some of us will have to pitch in for an attorney who specializes in this field if and when they vote on stealing this company away from us so as not to pay us the huge prorfits generated as a stand alone company.
guugarpaul, when the pps was at $4.18, the stock already was on a tear, and the supply was being consumed ever since J. Malone dispearsed the news of a secondary $2B buyback. So, by now I really believe the pps would now be trading roughly over $6. It was the deciphering of Malone's antics of class "C" Liberty shares which caused the pullback, or the simple truth of him holding probably around 60% or more of the common, that he's able to stiffen the pps for as long as he intends...at shareholders harm , and without conscience of duty to that shareholder. I cannot see how even the Supreme Court can validate this upsetting of a perfectly profitable company of which control was gained by the state of the economy during the great recession, to justify the whims of a meglomaniac in the pursuit of greed causing pain and suffering to a loyal shareholder.
There is a lot more to my post, namely an objection to the above statement of which YAHOO once again takes the anti- SIRI approach. I only pasted the above statement .
thanx for that, really! but we'll need what dirty information that the lawfirms turned up way before the "special committee" gives their nod of approval. We will need to act fast before Moron Malone has any chance of suceeding and going forward with his plan of stealing SIRIUS. Why couln't the jerk just be satisfied with his original 40%, thats almost half the company alone. Greed will turn a pink elephant green.The recession and the lack of bank lending is the reason (or so Mel K. told us) which enabled Malone to get in on the comapany. The economic state of affairs of that time should, and must be the reason of which John Malone isn't allowed to take further advantage of SIRI shareholders and sell out. There are a number of outstanding questios that need to be answered from about this entire fiasco which began with why dis Mel need a loan in the first place. Why couldn't Mel obtain a bank loan. Why wouldn't the banks give SIRI the loan considering the Federal government had recently assisted the banks with Federal bail-out money...called TARP. Why was Malone offered 40%? with an opportunity to buy more! and also able to short the stock. Why does Malone intend on exchanging SIRI shares with NON-VOTING Liberty shares??? Why isn't the SIRI board of directors doing anything...saying anything? There is simply too too much to put down here but if the lawfirms say it's okay, and then the special committee says it's okay, then we will have no choice than to sue the pants off this company because IF these investigations side with Malone, that'll be the proof of a major conspiracy, of which we have known for a very long time, besides, all the evidence is in news release print and I saved most of it.
Sentiment: Strong Buy
With all the new mb paticipants,( eg. clones, hedgies, miniimum wage recruits, boiler room nuts, etc.etc.) whom have absolutely nothing to do with SIRI other than satisfying the needs of their masters, makes one wonder why O why all the nitwit posts? especially the posts praising John Malone. A person has to ask, who are these pro-Malone cheerleaders... are they simply paid by the villians to do their dirty work, are they adult men whom submit to peculiar tendencies for old rich white guys.
William, did you insert yourself with any of the aforementioned lawfirm investigations?
And if yes, have they returned any info?
Motley Fool, Seeking Alpha, etc, must have juveniles working for them. The headlines they choose to spread nonsense is pure childish. It is obviously a ploy to scare the investor most times, but sometimes you see the evident scribbles of a teen showing off their assumed powers and take revenge against the offensive language used by some investors arguing against the point of their mock news releases. It's as if these little people are saying "ha ha, look at what i'm saying about SIRI, nanny nanny na!
We shareholders need the data gathered by the independent investigative attorneys now. We cannot wait for the " SIRI special committee" to conclude their biased determinination on the findings, we all already know what will be the outcome of that circus. Malone will begin the dilution of the company (SIRI) immediately once the committee finishes and will not give any of us time to block his actions. We need to know what these attorneys found in order to determine if they are legit, or have been paid off . There is a trove of evidence against the SIRI BOD,the SIRI CEO and John Malone, even Karmazin, it's all written down in the news releases. This investigation must go all the way back to the merger...and the loan bailout ( lol) accepted by the then SIRI BOD.
siriously, I cannot begin to articulate my anger towards this SIRI BOD. Lack of feduciary...lack of business...lack of intellect...lack of just about everything having to do with running a company, and the duration of not doing anything...7 YEARS!. Have you ever seen a company of which wakes up in the morning, tells itself "you're a piece of #$%$" and then goes back to bed because it suffers from depression. Bad anaolgy I know, but what the hell gives WITH THIS COMPANY!.
A lucrative,powerful, profitable monopoly of a company with a 23B market cap is content in playing the prostitute. I even gave possibility a chance that this company is just simply a sophisticated Ponzi scheme...IT IS RUN LIKE ONE. Howard Stern gets 1B in $$. Mel Karmazin gets 500B in $$ . The XMSR CEO got millions. Joe Clayton got millions. Everybody gets paid...except the common. How much is the SIRI BOD 's getting paid? The CEO?, the CFO?
siriusly, nice assessment of the FACTS. The FCC's long long overdue approval of the merger had enormous detrimental effects on SIRI's pps and continues to do so, at the same time you had everybody plus their grandma's rallying against the merger including John Ashcroft.. I too believe the NAB was behind the delay as well as with the current shenanegans taking place. Look how long the independent, and I use that term loosely, attorneys are taking for their "investigation"...without nary a whisper or heads up. With four LIBERTY directors on SIRIUS's board it seems a done deal, they,re just playing it out to make it seem comprehensive. I would even speculate the investigative attorney's could even be made to see things in favor of the class C shares. I dont like any of it.
Sentiment: Strong Buy
The only reason that I can think of for a 3 year sentence is for embarrasing the Federal government and making a mockery of their security. Really...2 hours inside a resticted facility!
Freedom of speech is for the previliged. Our Federal government is a FARCE!
It figures when you have municipal police shooting (perps) for holding a blade of grass, or a innocent citizen holding a garden hose spray nozzle.
geez louise...Malones rump must be sparkly clean today presuming all of his kasskissers are here posting in his favor...no need to name names. What a human wont do for a dollar.