Time to get Sirius XM @.12

[homedawg]

Can you buy on weekends or after hours?

I just opened up my investment account and have to wait till tommorow to make any purchases.

Im alittle bummed i didnt get sirius when it was @.05, still think @.11 its still a pretty good buy.

no weekends! I cant buy pre or post market, but this stock gets traded heavy on both sides.
If bad news comes out by tuesday, premarket will tank it again.

Even if SIRI files BK, this stock will still have its bounces, I just might have to keep chasing it.

Lets hope for the best! :beerbang:

[homedawg]

PGPDQ went down to .14 when it filed BK early december, now look at it:

Date Open High Low Close Volume AdjClose

2009/02/12 0.87 0.90 0.86 0.88 91,976 0.88
2009/02/11 0.90 0.92 0.87 0.89 196,708 0.89
2009/02/10 0.93 0.95 0.89 0.92 369,591 0.92
2009/02/09 0.82 0.93 0.82 0.93 471,034 0.93
2009/02/06 0.85 0.90 0.58 0.85 1,404,980 0.85
2009/02/05 0.93 0.95 0.89 0.90 383,270 0.90
2009/02/04 0.87 0.96 0.84 0.95 1,742,017 0.95
2009/02/03 0.78 0.90 0.74 0.89 1,432,766 0.89
2009/02/02 0.70 0.80 0.66 0.80 1,008,040 0.80
2009/01/30 0.64 0.71 0.60 0.71 822,514 0.71
2009/01/29 0.61 0.66 0.57 0.60 322,632 0.60
2009/01/28 0.58 0.67 0.57 0.60 482,119 0.60
2009/01/27 0.46 0.58 0.46 0.58 576,450 0.58
2009/01/26 0.57 0.60 0.46 0.46 528,368 0.46
2009/01/23 0.61 0.62 0.56 0.57 360,070 0.57
2009/01/22 0.61 0.62 0.60 0.62 186,572 0.62
2009/01/21 0.63 0.63 0.61 0.62 213,381 0.62
2009/01/20 0.67 0.70 0.60 0.61 461,996 0.61
2009/01/19 0.68 0.68 0.65 0.65 241,428 0.65
2009/01/16 0.68 0.68 0.62 0.65 241,428 0.65
2009/01/15 0.66 0.70 0.61 0.66 515,770 0.66
2009/01/14 0.68 0.68 0.65 0.66 214,564 0.66
2009/01/13 0.72 0.72 0.65 0.67 288,122 0.67
2009/01/12 0.75 0.78 0.61 0.71 824,025 0.71
2009/01/09 0.79 0.80 0.75 0.76 401,755 0.76
2009/01/08 0.77 0.80 0.75 0.79 542,927 0.79
2009/01/07 0.79 0.80 0.77 0.79 430,650 0.79
2009/01/06 0.72 0.79 0.70 0.78 910,141 0.78
2009/01/05 0.68 0.71 0.68 0.70 409,868 0.70
2009/01/02 0.67 0.72 0.63 0.68 632,063 0.68
2009/01/01 0.59 0.63 0.59 0.63 682,591 0.63
2008/12/31 0.59 0.67 0.59 0.63 682,591 0.63
2008/12/30 0.58 0.62 0.55 0.60 526,083 0.60
2008/12/29 0.63 0.65 0.57 0.59 537,670 0.59
2008/12/26 0.56 0.65 0.52 0.63 507,262 0.63
2008/12/25 0.60 0.60 0.60 0.60 - 0.60
2008/12/24 0.65 0.65 0.47 0.60 1,430,995 0.60
2008/12/23 0.70 0.72 0.63 0.65 804,314 0.65
2008/12/22 0.73 0.77 0.66 0.72 1,071,331 0.72
2008/12/19 0.74 0.82 0.71 0.74 1,406,157 0.74
2008/12/18 0.79 0.85 0.68 0.73 2,740,830 0.73
2008/12/17 0.85 0.88 0.75 0.79 2,207,724 0.79
2008/12/16 0.94 0.97 0.79 0.86 4,261,344 0.86
2008/12/15 0.75 0.93 0.65 0.92 4,009,111 0.92
2008/12/12 0.67 0.74 0.64 0.73 1,936,110 0.73
2008/12/11 0.56 0.79 0.50 0.73 4,853,321 0.73
2008/12/10 0.37 0.51 0.14 0.50 4,904,350 0.50
2008/12/09 0.32 0.37 0.31 0.37 1,923,046 0.37
2008/12/08 0.34 0.34 0.29 0.32 4,007,698 0.32
2008/12/05 0.36 0.39 0.31 0.33 4,575,212 0.33
2008/12/04 0.29 0.41 0.24 0.33 8,646,716 0.33
2008/12/03 0.17 0.32 0.14 0.28 16,762,896 0.28

[homedawg]

SIRI close .1049

High Today: .1200
Low Today: .0800

Volume: 255,393,603

[Leafs3113]

I got so excited to start my investing just to find out I need to give my account 1 buss day to activate it LOL and the best thing this weekend is a long weekend lol

[homedawg]

I got so excited to start my investing just to find out I need to give my account 1 buss day to activate it LOL and the best thing this weekend is a long weekend lol

Sittin' on the sidelines can be a good thing! :thumbs:

I bought stocks that I thought were at the bottom, only to find out there are new 52wk lows soon to come. :drunk:

I bought 10k of BGPT @.03 before the 50-1 R/S, it opened @1.75 after the split, traded upto 3.00, now it's been tanking. Closed @ .45 today! Time to buy more! :beer2:

[Leafs3113]

Sittin' on the sidelines can be a good thing! :thumbs:

I bought stocks that I thought were at the bottom, only to find out there are new 52wk lows soon to come. :drunk:

I bought 10k of BGPT @.03 before the 50-1 R/S, it opened @1.75 after the split, traded upto 3.00, now it's been tanking. Closed @ .45 today! Time to buy more! :beer2:

Figured it was for the best especially with the long weekend i wouldnt want to get stuck in a bad spot come tuesday just because i wanted to get started before the market closed.

Glad SIRI has moved to a profitable level for you, it didnt look good for a couple days but im thinking it goes down again once they file for bankrupcy and i do think they file but if they get someone to buy into them shortly after it could be a good flip situation.

Well see on tuesday.

[homedawg]

Figured it was for the best especially with the long weekend i wouldnt want to get stuck in a bad spot come tuesday just because i wanted to get started before the market closed.

Glad SIRI has moved to a profitable level for you, it didnt look good for a couple days but im thinking it goes down again once they file for bankrupcy and i do think they file but if they get someone to buy into them shortly after it could be a good flip situation.

Well see on tuesday.

I'm not the only 1 banking on good news to come this weekend!:beer2:



SIRIUS XM RADIO INC Real Time Stock Quotes & Performance | SIRI | CNBC.com

[homedawg]

MALONE OFFERS BRIDGE LOAN TO SIRIUS XM
7:38 pm February 13, 2009


John Malone's Liberty Media is offering Sirius XM a bridge loan of several hundred million dollars to help the nearly insolvent satellite-radio company pay off debt that matures Tuesday, The Post has learned.

According to a source close to the situation, the loan is part of a two-step approach that Liberty wants to take as it looks to bail out Sirius XM, which is struggling to make its debt payment and fend off takeover maneuvers from EchoStar CEO Charlie Ergen.

As part of the plan, Liberty would provide Sirius XM CEO Mel Karmazin enough cash to repay $175 million in debt that Ergen currently holds and is due Tuesday.That then would give Liberty three months to come up with a plan to restructure Sirius XM's roughly $600 million in debt that comes due in May and in December.

One scenario could involve Liberty borrowing from Ergen's playbook by buying up Sirius XM debt on the open market. Another involves Liberty making a pitch directly to Sirius XM's bondholders


:beer2:

[homedawg]

Sirius XM To Avoid Chapter 11
February 14, 2009 (3:12 pm)

In a turn of events worthy of a Hollywood movie script, the New York Post is reporting that “John Malone’s Liberty Media is offering Sirius XM a bridge loan of several hundred million dollars to help pay off debt that matures Tuesday.” The article also mentions that Liberty and Sirius XM are working together on a plan to deal with Sirius XM’s other debt obligations due in May and December.

It appears that Sirius XM has in fact accepted the offer as the following news had come across the Dow Jones Newswires just hours earlier:

S&P Removes Sirius XM Rtgs From CreditWatch Neg
Last update: 2/13/2009 4:31:38 PM
(MORE TO FOLLOW) Dow Jones Newswires (201-938-5400)
February 13, 2009 16:31 ET (21:31 GMT)

With literally hundreds of news agencies reporting that Sirius was heading for a Chapter 11 filing as early as Tuesday, it would appear that the bondholders were given notice of the events that were going on behind closed doors at Sirius XM headquarters.

Taking a step back to review the bigger picture, this should generate a lot of excitement on Wall Street. With credit markets making it hard for struggling companies to survive in the current environment, news of such a bridge loan warrants center stage as other companies may now look to the lead provided by Mel Karmazin and John Malone.

This could turn out to be a SIRI investors best case scenario as the news had broken after 7 p.m. yesterday. Facing a three day weekend, most traders had left for the weekend yet the stock which had risen nearly 42% during the regular market hours on Friday, rose an additional 23% as the news was breaking. With all of the outstanding debt issues currently being addressed, Tuesday trading may bring new life to the struggling equity. The nagging debt has held SIRI shares down since the completion of the successful merger of the two U.S. satellite radio providers. With the company’s debt issues removed, SIRI investors who have held their shares may finally be rewarded.

:beer2:

[homedawg]

Sirius XM Creditors Would Seek to Oust Karmazin in Bankruptcy

Feb. 16 (Bloomberg) -- A group of Sirius XM Radio Inc. creditors will seek the removal of Chief Executive Officer Mel Karmazin if the company files for bankruptcy instead of making a deal to remain solvent.

“Creditors believe that a precipitous bankruptcy filing will not be in their best interests,” said Edward Weisfelner, a lawyer with Brown Rudnick LLP who’s representing the creditors. “Our group is concerned that management not use the threat of bankruptcy as a negotiating tool,” he said in a telephone interview today.

Sirius XM said last week it may be forced to file for bankruptcy as soon as Feb. 17 if it can’t reach an agreement to refinance debt. Tomorrow, the New York-based company must repay $175 million in bonds held by Charles Ergen’s EchoStar Corp. Karmazin is also in talks with John Malone’s Liberty Media Corp. about a possible transaction, people with knowledge of the matter said. A deal with Ergen or Malone could prevent a bankruptcy.

“The management of Sirius XM is continually working to ensure the best possible outcome for the enterprise,” Sirius XM said today in an e-mailed statement.

If Sirius XM files for bankruptcy, the creditors will seek the appointment of a trustee or an overseer to replace Karmazin and senior management, Weisfelner said.

The company exchanged about $172.5 million of its convertible bonds due December 2009 for senior notes maturing in June 2011, it said in a statement last week. The amount is almost half of the $400 million in notes Sirius XM had maturing at yearend.

The New York Post reported last week that Malone had offered Sirius XM a bridge loan of several hundred million dollars to pay debt maturing next week, citing a person close to the situation.

The shares rose 3 cents to 10 cents on Feb. 13 in Nasdaq Stock Market trading. The stock has plunged 94 percent since Karmazin, 65, completed the merger of Sirius and XM in July. Sirius XM has about $3.25 billion in total debt.

The Wall Street Journal reported on the creditors’ plan earlier today.

[homedawg]

SIRIUS XM Radio and Liberty Media Reach Agreement for Investment



Liberty Makes Loan to SIRIUS XM to Repay 2 1/2% Convertible Notes due February 17, 2009


Agreement Provides for Additional Loan


Liberty to Acquire SIRIUS XM Preferred Stock and Board Representation in Connection with Investments


NEW YORK and ENGLEWOOD, Colo., Feb. 17 /PRNewswire-FirstCall/ -- SIRIUS XM Radio Inc. (Nasdaq: SIRI) and Liberty Media Corporation (Nasdaq: LINTA, LINTB, LCAPA, LCAPB, LMDIA, LMDIB) today announced that they have entered into agreements pursuant to which Liberty will invest an aggregate of $530 million in the form of loans to SIRIUS XM and its subsidiaries and receive an equity interest in SIRIUS XM.



Under the terms of the agreements, the investments will be funded in two separate phases.



The first phase includes a $280 million senior secured loan from Liberty to SIRIUS XM, $250 million of which will be funded today. The proceeds of that loan will be used by SIRIUS XM to repay $171.6 million of its maturing 2 1/2% Convertible Notes due February 17, 2009, and the balance will be used for general corporate purposes, including working capital and transaction costs. The loan will bear interest at a rate of 15%, mature in December 2012, and be secured by the assets securing SIRIUS XM's existing term credit agreement.



The second phase provides an additional loan of $150 million to XM Satellite Radio, SIRIUS XM's wholly owned subsidiary. Liberty has also agreed to offer to purchase up to $100 million of the loans outstanding under XM Satellite Radio's existing credit facilities from the lenders.


Upon completion of the second phase of the Liberty investments, SIRIUS XM will issue Liberty an aggregate of 12.5 million shares of preferred stock convertible into 40% of the common stock of SIRIUS XM. In addition, Liberty will receive seats on the SIRIUS XM Board of Directors proportionate to its equity ownership. It is expected that John Malone and Greg Maffei will join the SIRIUS XM Board of Directors. Liberty's obligation to consummate the second phase of its investment is subject to various closing conditions.


Mel Karmazin, Chief Executive Officer of SIRIUS XM Radio, said, "We are pleased to have come to this agreement with Liberty Media, particularly in light of today's challenging credit markets. Liberty's investment is an important validation of what SIRIUS XM has already achieved and a vote of confidence in what we will achieve. This agreement enables Sirius XM to continue to develop the opportunities first outlined in the merger of Sirius and XM. By strengthening our capital structure and enhancing our financial flexibility, this investment allows us to continue providing the great content and innovative programming our subscribers know and love."


"We are excited to be investing in SIRIUS XM. We have been impressed with the company, its operations and management team," said Greg Maffei, president and CEO of Liberty. "SIRIUS XM's ability to grow subscribers and revenue in a difficult financial and auto market is indicative of how listeners view this as a "must have" service."


The agreements, and the transactions contemplated by the agreements, do not constitute a change in control for SIRIUS XM under its outstanding debt instruments and are not subject to the approval of the Federal Communications Commission. The receipt by Liberty of voting stock is subject to expiration of the applicable waiting period under the Hart-Scott-Rodino Act.


Important details of the agreements relating to this investment will be available on a Current Report on Form 8-K which SIRIUS XM expects to file with the Securities and Exchange Commission.


Liberty has advised that its investment will be attributed to the Liberty Capital group and is not expected to affect the timing of the previously announced split-off of a portion of Liberty Entertainment.

[homedawg]

SIRI Close Price: 0.16
0.06 (+60%)

High Today: 0.228
Low Today: 0.151
Volume 375,506,606

:beer2:

[homedawg]

S&P places Sirius XM ratings on watch positive

The Associated Press | 17 Feb 2009 | 06:48 PM ET

NEW YORK - Standard & Poor's Ratings Services on Tuesday placed its 'CCC' creditworthiness rating on Sirius XM Radio Inc. on CreditWatch with positive implications, after Liberty Media Corp. agreed to make a $530 million investment in the satellite radio provider, saving it from bankruptcy.

Liberty will provide a $280 million senior secured loan to Sirius, $250 million of which will be funded on Tuesday. Sirius will use the proceeds to repay $172 million of its maturing 2.5 percent convertible notes that had been due. The rest will be used for general corporate purposes.

The second phase of Liberty's investment provides another loan of $150 million to Sirius XM. Liberty has also agreed to offer to buy up to $100 million of the loans outstanding under Sirius XM's existing credit facilities.

S&P said Sirius still faces significant debt maturities in 2009, with $350 million of XM bank debt coming due in May and $227.5 million worth of XM 10 percent convertible senior notes due in December.

In addition, Standard & Poor's believes the company may encounter significant obstacles in meeting its 2009 financial targets of $300 million of EBITDA and modestly positive free cash flow, considering the sharp decline in U.S. auto sales and the weak retail consumer electronics market, which may slow subscriber growth.

But S&P said it may upgrade the company's corporate credit rating one notch to "CCC+," four notches above default, if Sirius demonstrates progress toward achieving sustainable profitability and positive discretionary cash flow, and addresses its sizable remaining 2009 debt maturities.

Separately, S&P said Liberty Media's 'BB+' rating, which is one notch below investment-grade, remains on watch negative in the wake of its deal with Sirius XM.

"Liberty Media's investment in Sirius XM currently does not affect our prospective rating outcome following the split-off of LMEI," said Standard & Poor's credit analyst Andy Liu in a statement. "We still expect to lower our rating on Liberty Media to 'BB-' with a negative outlook. However, given that SIRIUS faces maturities above and beyond Liberty Media's investment, as well as significant operating challenges, a further financial commitment by Liberty Media could affect our rating on the company."

[Leafs3113]

Was about to purchase some before the market reopened and had my purchase price @$0.09 before i noticed a $28 charge per transaction from my bank and thought it was ridiculous price per transaction. So i layed off making my purchase especially when it was still up in the air on the bankrupcy or not.

Quick question what do u guys use for your trading becuase the $28 a trade plus commision offered by my bank is just not gonna work for me.

[homedawg]

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