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Lliberty shares have always traded at a discount, likely becuase you never got the divi. However, the merger is tax free to Liberty holders. So the gain you get from Liberty to SIRI shares will be exempt because LSXM owns those shares.
It's the reason for the merger rolling all ownership interest back into SIRI itself. It's going to be it's own fully owned company again without a major holder hampering it. Sept 9th all shares become freely tradeable with share restructuring including the Authorized Amount
New Auth: 900,000,000
New Outstanding: 360,000,000 +/-
Also, keep in mind they will have reduced shares outstanding to 10% current from aprox 3.8B i think falling 90% to 380,000,000 with a cap of 900,000,000 allowable. That's opportunity for dilution in the future should siri need the cash to repay dept or simply choose to issue out those shares allowing us to pay off that debt in return for what will likely be a niicer divi and hopeful improving value.
Point is, i see immediate consequences where if you may want that investment more liquid it may get dried to clay for a bit.
i do believe i'm going to wait till the reorganization before i buy back into this. i had shares purchased at 2.5x and unloaded yesterday after i saw the revamp to the reorganization. i think it's got huge potential coming as a company (that i subscribe to) but i see to much uncertainty for the market price of the company. Even if this rebounds to 3 or 4. It's not being reported on that this is going to be a reverse split in reality. Every one i've seen has led to a decline in the immediate aftermath as investors and traders wake up to see share reduction and high value.
I believe it messes with the human mind and the panic and sell off when it down turns out of irrational fear. So i'm waiting to see if a hopeful $30 stock goes on sale for lets say $18. That's the equivalent of packing shares at 1.80 today.
Go SIRI the company, be wary your risk and purchase price today.
Only my opinions.
Filings today, it's a reverse split coming with the (split-co). Auth shares appears capped at 905M.
3.83 pre market it appears.
bOOming today. Keep on a trucking Radio Shack.
Agreed, I've held since low 2s and under. 4s IMO at some point. I've taken a profit or 2 here and there.
good call.
I'm holding TVIX and TZA. I just can't seem to get enough of either.
Think about the coming expansion into China. They are saying they are looking at dropping 1000 stores there this year / next i think.
I missed Sprints run from 1.25 to 6 or so because i sold way to dam fast. Same with ODP, made money on them both but got to cautious.
I'll not miss this one. Dropping Target was an excellent choice. I see lots of up potential here. Thankfully i bought heaps at the 1.9 and 2.0x range. Come on 10 bucks by christmas please!
Double post, remove please.
I'm holding, i may even buy a bit more if it dips to 2.0 even or lower again.
I believe it has, The Street just put out news about RSH and saying that the author had "he had taken positions" in Radio Shack.
So as i see things, Cramer and followers will likely start trading and running it up. All his new folks who like to follow him.
We'll see. IMO, i really see RSH at 4.
agreed, but i'm wondering if this will pull down the price some. may be opportunity to pull up more.
You were correct-a-mundo. Nice pop on this. I almost bought in just in case something like that happened. Congrats, and good luck.
IMO, I wouldn't hold much hope for this one for quite awhile.
hahaha, now i think ODP is definately on the ropes. It's like a bad actor trying to save his career, when desperate always throw the gay card.
If you want active boards you need to be looking at the pink sheet companies that haven't filed anything other than information about reverse splits and increases of the A/S.
Sadly, the internet boards have become a barstool for the "investor" looking to turn 250 bucks into 250,000 by sitting at the helm of his computer night and day touting the "ups" of the next fly by night stock that has enough cash or backing to launch a 3 week press blitz.
The bigger crime in that is that they could go to the casino and at least tie on a good drunk and get some entertainment for the same price. They don't have to live like shut ins posting messages about why they think the stock of company ABCD is going to fly past Apple so fast that Steve Jobs raises himself from the dead.
Think we can hit 4 to 5? I'm thinking about holding for a bit and see where this can go.
what is that?
indeed it is!
Thankfully, time proved me correct at the moment. :) I picked up a heap at 1.5x
Go to EDGAR, go to SEARCH FOR COMPANY FILINGS, search for CALDONIA MINING.
Now read. SEC WEBSITE, the same place you find the filings for McDonalds, Coca Cola, Kohls. Is a real company, real r revenues
Volume growing a little every day it seems.
Q, as i see things it appears to me the past that has throttled the company has been revenue. It doesn't appear to me that they have ever had the revenue stream they do now.
Africa for the last 10 to 20 years has been a hot bed of political instability. However, with the rise of Asia, India, etc they now want cheap labor and resources. Africa has both to offer. China has a strong military and can help bring stability to the area IMO.
I think Caldonias time has come, i'm just sitting on shares and seeing where they go. I'll take my cash off the table at .25 which will leave me with more than 80% of my shares currently. I do believe it should reach .25 within a year. I think it'll hit it fast if a bunch of buying pressure comes in. The ask is thin, so not many want out.
Things like that help :)
Calvf putting revenue to work. Africa is the new asia.
Got ya. good luck.
Thought you were gandalf, sorry, i need to go look and see what is up lol.
What ya got on your mind? Just say it, trying for a little fear to get some internet board junkie to sell? Are those 10s i see yours?
Folks coming out of nowhere with tragic news about south African miners killed. Troubling to say three least. However, blanket is indiginzed if you have been following the company. That means the locals have stake in it. You'll have to dig deep to shake confidence now.
L2 lining up with everything from .11 to .26 1.01 still out there.
Something is a brewing
Not us :)
Bid
096 x 5000 ETRF, NITE
095 X 5000 ARCA
09 X 5000 INTL
08 X 5000 MAXM
073 X 5000 SUNR, PERT, CDRg
Ask
1163 x 5000 NITE
117 X 5000 ETRF
12 X 5000 MAXM, INTL
14 X 5000 RAFF, CDRG
26 X 5000 PERT
3663 X 5000 CSTI
$1.01 X (Hidden Quantity) STXG
$1.25 x 1000 ATDF
This is the L2 ladies and gents, i'd expect this to start heating up over the coming months. I'm shocked to see a hidden qty on that 1.01 market maker I'd say that someone thinks we're going to really hit that (only my personal opinion as i've never seen a hidden qty on my PRO software).
Here is some news via the UK i don't remember seeing. This is most interesting and should be read carefully.
http://www.proactiveinvestors.co.uk/companies/news/43469/caledonia-mining-adds-two-non-executive-directors-to-board-43469.html
Caledonia Mining adds two non-executive directors to board
29th May 2012, 10:44 am by Sergei Balashov Caledonia Mining has appointed Leigh Wilson and John Kelly to the board as non-executive directors with immediate effect Caledonia Mining (LON:CMCL) has beefed up its board with two new non-executive directors, Leigh Wilson and John Kelly, whose experience in the US will be particularly valuable to the business.
Wilson has served in senior executive and management positions with Union Bank of Switzerland in London and with the Paribas Group in Paris and New York, where he served as chief executive of Paribas North America between 1984 and 1990.He is currently independent chairman of the Victory Fund Board and chief executive officer of New Century Home Health Care, a role he has held since 1995.
Wilson owns 423,000 shares in Caledonia, which represents a 0.083 percent stake in the company.
Kelly, who currently serves as chief operating officer of Liquidnet Holdings, has more than 30 years of experience in the financial service industry in the US and international markets including emerging markets in Asia.
Over the past five years, Kelly has been a managing director of JL Thornton & Co and CrossRoad LLC and he has also been an Independent Trustee of The Victory Funds.
“I am delighted to welcome Leigh Wilson and John Kelly to Caledonia. Their commercial experience, particularly in the U.S.A., will be a valuable addition to the Caledonia board,” said president and chief executive of Caledonia Stefan Hayden.
Earlier this month, Caledonia appointed corporate lawyer Richard Patricio to its board as a non-executive.
Patricio is currently vice president of legal and corporate affairs at Pinetree Capital, a Toronto-based financial firm that is a long-standing shareholder in Caledonia and currently holds just over 10 percent.
Agreed, and if you look gently I've noticed it's a light sustained growth. Imo, this is set to explode in the coming months and someone is attempting to accumulate shares as cheaply as possible. You can't buy 5 mill shares in a day or you will pop us into high digits as there are no Sellers. It appears to me they are attempting to capitalize on penny traders that are selling for small gains.
All imo.
with the amount of major holders in this company i'd think that any PR campaign will send this puppy flying. This is a company with real assets and real revenue.
The canadian link that Bob posted has a price/book valuation of 1.11 so as i see things, we are trading at 10% of our value. Super undervalued.
We should open there?
I know we all would hate to see 5 bucks a share. Oh the horror lol
I have eye damage after reading that. The future is so bright for us make sure you wear reflective lens when you read it.
OUT FREAKING STANDING!!
My L2 shows some .095s being put up lol. lots of 11s and up after that. IMO, selling now only shorts yourself.
I'm holding this puppy!