To thyself be true
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If you all come to Vegas for the party, you can have the beer free, now that is if you play of course.......;o}
LOL...This has the lowest float and any news is going to make it fly. This is the only green I had in my portfolio......:o}
Me too......lol
Sirius Xm Radio Inc vs. Peers
Company
YTD Price Performance
SIRI Sirius XM Radio Inc.
3.9 Billion Shares
+68.3%
CCO
Clear Channel Outdoor Holdings, Inc.
4 Billion Shares
+8.7%
CBS
CBS Corporation
10.2 Billion Shares
+6.8%
TWX
Time Warner Inc.
36.9 Billion Shares
+11.1%
YHOO
Yahoo! Inc.
19.3 Billion Shares
-16.9%
It isn't such a big gamble anymore, and the fact they are building (which I believe) a upgraded website, looks good to me. Very exciting to see what happens. I am in Vegas and this is a small gamble with possibly a very big payoff......:o}
Bought a bit more, propably the only buy.....lol
I am itching to buy more, just heard on CNBC that Africa a hot market. Not so far fetched that WRSPQ would do great there. I believe that Liberty and SiriusXM will be in the mix. We might have under estimated Africa.
Sounds good to me. SiriusXM (SIRI) 2 quarter subs. and earnings out on the 4th, should be fantastic.
You are right, that is good news.;o}
FYI-Link to a research site of bogus companies. Especially pinkies.
http://www.citronresearch.com
That's what I mean it will be fun to watch.......;o} It is not that far down after all....lol
This will move fast and big once news come out, only 48 mil in the float. It will be fun to watch.....;O}
Don't worry, this is a goody, I have always thought Siri and XM has been good, but it is even better when they are together and no real competition. Got in Feb. 2009 and have still 3/4 of all my shares. Needed some money and had to sell otherwise I still would have all of them.
The ironic thing is, that when SIRI had nothing but debt for the next 9 years, it went to $64 dollars, now it is 9 years later and starting to be profitable and it is struggling to get past $1 dollar. Sometimes the vision seems to be worth more......strange.
You are right, I feel it is a good thing. Being a webdesigner myself, usually it means just that they are building a new website and only the designers get in.
Couldn't get in? They must be building a new website. Haven't heard any rumlings, check th Liberty boards regularly.
When is the 2nd quarter coming up?
OK-I am still going to go there, I am curious to see the operation......;o}
I am curious, why does MRNJ have the exact address as ENTI.
I live only a few block from this address, want to check it out, but I don't have a car, so will have to wait for a ride. Will go there, though.
MRNJ
Pacific Stock Transfer Co.
4045 South Spencer Street
Suite 403
Las Vegas 89119
702-361-3033
ENTI
Main Office
Pacific Stock Transfer Company
4045 S. Spencer Street, Suite 403
Las Vegas, NV 89119
Phone: 702-361-3033 Fax: 702-433-1979
In business especially if you have a good interest rate, companies like to use other peoples money for awhile, that is the reason for my comment.
With all that free cash flow, betcha they will soon start buyback, rather that necessarily paying off the debt, sounds like they got a pretty good deal with the loans the way they got them staggered until 2015.
Foxy this has been true always, I always wondered too. It is so obvious that now it actually looks embarrassing. It won't be held down forever, I refuse to sell any of mine, and if we get enough of us, we'll see who wins.
New theme song for SiriusXM
Thanks, I think we went through the worst. When there is no info it is like walking in the dark. Should be interesting what is next.
No haven't.
Awesome!!! eom
Foxy-Gret Video, hadn't seen it. Get very positive vibes from him, I always like that. One of the reasons is because Sirius used to be the underdog (no pun) to XM. A similar situation as Microsoft and Apple, and of course I owned a Apple computer. It is sweet to see Sirius finally have a open field to expand. We don't know how many directions they might go into, but there are a whole lot of opportunities now.
*******HAPPY 4TH 2010 TO ALL*******
*******HAPPY 4TH 2010 TO ALL*******
*******HAPPY 4TH 2010 TO ALL*******
*******HAPPY 4TH 2010 TO ALL*******
RNWF would be a perfect name for a company like this.
'Major discovery' from MIT primed to unleash solar revolution
Scientists mimic essence of plants' energy storage system
Anne Trafton, News Office..............
http://web.mit.edu/newsoffice/2008/oxygen-0731.html
If this can go up that much with only 7 mil traded, means only one thing there is a low float, which is great.
jel2maine-I have the same problem. I seem to be able to figure out when to buy, but when it comes to selling I always sell before it goes up.........lol
I now feel the selling pressure both for WRSPQ and SIRI. I am itching to sell, which is a sure sign that the stock will climb..............go figure.
Seems like RNWF is a clean shell, but that would have to be researched by the private company of course. That shows though why private companies seek out shell companies. Much cheaper. No I don't know of any company looking for a shell.
Example of a RM and why companies do it:
Who needs an IPO when you can buy a corporate shell and take your company public -- instantly?
Imagine how easy your life would be if you could simply flick a switch and raise all the money you needed to create the kind of high-growth business that would leave your competitors in the dust.
That's pretty much What Stephen Dresnick, M.D., did back in 1994. At the time, the Miami physician was running Sterling Healthcare, which staffed 44 hospital emergency rooms. Only seven years old, the company he'd founded was churning out $60 million a year in revenue. It was the perfect moment for him to branch out to more hospitals and begin purchasing some private medical practices. There was one catch: three rivals-had the same basic idea.
Dresnick knew that if he didn't raise big bucks quickly, they'd secure the best doctor's offices and emergency-room contracts before he had a chance. But he'd already exhausted his credit by borrowing to finance the company's growth. Looking for alternatives, he joined Young Presidents' Organization, a networking group for entrepreneurs. He began asking CEOs who'd gone public what advice they'd give someone who was thinking of doing the same.
One of them referred him to a lawyer who suggested a rapid-fire way to go public, called the reverse merger. It is a sort of friendly body-snatching operation wherein you buy the legal framework (known as a shell corporation, or shell) of a publicly traded corporation and have your attorney do all the paperwork necessary to merge your company into it, a process that takes you public. (It's called a reverse merger because you're backing your company into the other firm.)
Where do these shell companies come from? Sometimes people in the securities industry create them to sell to entrepreneurs for exactly this purpose. At other times an entrepreneur takes his company public, but the offering fails and he goes out of business; to recoup some of the money it cost him to go public, he'll sell the shell that remains.
Dresnick found that a reverse merger would have two major advantages for a company like his. To begin with, it was usually faster than the two more traditional ways in which entrepreneurial companies go public: the initial public offering (wherein a broker sells your stock to investors) and the direct public offering (wherein you sell shares directly to your customers). The second benefit was that because the shell corporation was already registered with the Securities and Exchange Commission, he could leapfrog most of the application process that slows down IPOs and DPOs. The beauty part was that when it was all done he'd gain the same advantages any other public corporation had, namely, the ability to use shares of his company as currency to buy other businesses.
On his lawyer's advice, Dresnick began shopping for a "clean shell" -- one that didn't come with baggage like lawsuits left over from the previous owner or shares that were sold to people who couldn't be accounted for and who could, conceivably, sell their stock without warning and drive down the price. Asking around in the business community, he found a shell corporation where someone he knew sat on the board of directors.
After his lawyer checked out all the paperwork on the shell, Dresnick took Sterling Healthcare public on the OTC bulletin board in a reverse merger in 1994, later moving up to the more stringent and prestigious American Stock Exchange. Over the next two years, the company signed contracts with 160 other emergency rooms and bought up 10 medical practices. By 1996 it had $136 million in revenue. Ultimately Dresnick's company was itself gobbled up by another competitor, FPA Medical Management in San Diego. Sterling received $220 million for its share. "I never thought it would be quite as big as it became," Dresnick says today
Doing a reverse merger can be the perfect strategy for a company, like Dresnick's, that needs to go public rapidly and is looking for some currency other than cash, usually to enable it to buy up other businesses, says Nancy Cass, an attorney specializing in securities law and a partner in Cass & Graham in Tampa, Fla. But -- and it's a big but -- they're not for everyone.
Although they're less costly than an IPO, which can run you $1 million, they're still costly. You'll need to allot between $75,000 and $250,000 in fees to the person who sells you a shell and puts your deal together, plus 5 to 30 percent of the value of the public company that the shell corporation holds, say securities-industry sources. And the price may go even higher if the shell comes with money in it, has kept its SEC paperwork up to date, or has a large percentage of shares available for you to control (ones not already owned by existing stockholders). That's not even counting what you'll pay your lawyer, accountant, and printer. According to Cass, the total tab puts the reverse merger outside the scope of companies with profits of less than $250 million, since such businesses usually can't cover the costs of being a public company
But there's another, more serious consideration -- a dark side to the shell game. If you should be so unfortunate as to buy your shell from the wrong people or simply buy the wrong kind of shell, the results could be disastrous -- to wit, your formerly prosperous company could be reduced to a pile of smoking rubble. And there's no end to unscrupulous characters, ranging from investment bankers to consultants, business brokers, and lawyers, who would like nothing better than to help you destroy yourself.
Good observation enjoyed your common sense thanks.....;o} I agree.
Plus they can rerun all of H. Sterns shows, betcha they own his shows, that would take care of 5 more years.
turbodog-I did sorry was wrong a few pennies (excluding the flash-crash).....lol
I don't know if this was posted found it on a board for Liberty:
Will see how this all plays out with SIRI and LCAPA.
Worldspace owed Liberty $116m
Chris Forrester ©RapidTVNews | 08.06.10
Court claims at the Delaware Bankruptcy proceedings designed to wrap up the
purchase of Worldspace's assets, show that Liberty Satellite Radio has
"aggregate secured claims" over Worldspace totalling more than $116m. Liberty
looks like holding onto certain Worldspace Italian assets as part of the final
settlement with Worldspace.
The court documents state: "The consideration to be received from [incoming
purchaser] Yazmi, [controlled by Noah Samara] though, is not sufficient to pay
Liberty Satellite Radio and Liberty Satellite Radio Holdings in full. The
Debtors estimate that Liberty's aggregate secured claims exceed $116 million.
Under the proposed Settlement Agreement, the Debtors will be released from such
claims (and the corresponding liens), thereby allowing the Debtors to distribute
the proceeds of the sale to other creditors. In exchange, the Debtors (and the
other Parties to the Settlement Agreement) will provide releases to Liberty, and
Liberty will receive other consideration..."
That `other consideration' will be that "Liberty will obtain a return of
$370,000 in funds (which the Debtors have transferred to Liberty) that Liberty
had loaned to support WorldSpace's Italian subsidiary. When Liberty decided not
to pursue a Liberty APA, the Debtors' need for hose funds evaporated. Liberty
also will receive $250,000 of the Yazmi sale proceeds, which is 5% of the total
and significantly less than Liberty would get if its senior secured claims were
allowed. The Debtors believe that the note from WorldSpace Italia that Liberty
will retain is of little value; the Debtors believe WorldSpace Italia cannot
repay that note, and the Debtors have limited resources with which to pursue
collection. The Debtors [...] are willing to relinquish their right to abandon
their assets to Liberty."
Liberty will also end up – post closing of the deal – with a lien on $5.5m
(which matches precisely the amount Samara is paying for the Worldspace assets),
and along with all the other parties involved is barred from suing Samara's new
business (Yazmi) as part of the core agreement.
There doesn't seem to be a provision in the sale agreement for the sale or
handover of the `ground spare' and unlaunched/uncompleted satellite.
The Delaware court is expected to approve the transfer of Worldspace assets to
new owner, Noah Samara, on June 10.
© Rapid TV News 2010