I agree with you 100%, because I can not believe that both companies would make such announcement without talking first to the people that are in charge of the Department of Justice and the Federal Communications Commission.
Obviously they cannot make any positive comment directly or indirectly to shareholders and market alike, without going to the proper procedure and accordingly to the law, so it won’t look bad to others that the same merger was prohibited.
Moreover, the previous chief of FCC have already given a live TV report saying that he sees no problem what so ever and that he don’t believe that the people that are currently in charge of FCC will find any prohibition or arbitration to the merger and that they will reach the same conclusion as him and will rule it OK to go with the merger.
However, he also noted that the procedures and the whole process must go thru the same step-by-step that all others mergers went thru and this will have to go the same way in order that all steps prior to the merger are followed and complied with, it will take time, but it will sure go thru, he also mentioned that it will happens before the year ends.
Come on folks, do you think that after his comments and with his experience on the field he do not know what he was saying and that the current FCC chiefs have not already reach the same verdict in regards to the merge.
As per my analyst comments, this is just a very clever choreograph show, then booooooommmmmm, they will come with the news that they found no road block to stop or prohibition to the marriage of the companies and that the merge is clear and they can go ahead with the process.
Then Sirius and Xm will go to the moon, at this point in time and this is just an speculation, I firmly believe that at this very moment they are allowing and holding their positions in order to make the shares of both Co. to fall a little more and that they are at this stage loading up their cart with a cheap price entry point to sell at higher price after the news explode into the market.
Therefore, I also see at least 25 dollars or more at the end of the year, but as mentioned previously, my analyst had already told me that this is a clear 25 target and even beyond that and if all goes thru a 50 will still be a cheap entry point to get into this satellite that is about to go to a very high orbit.
AI
