View Full Version : SIRI has 1.4 billion outstanding shares and is authorized to issue an additional 1.1


skylarbrie
03-18-2007, 07:27 PM
billion. if you are a share holder, your stock will be diluted by every issuance of stock. case at point, Sirius will issue more shares to purchase xm. moreover, there is a threat of a reverse split which is usually problematic for stock holders. p.s. every time Howard receive stock bonus the face value of siri declines.

LongShoreman
03-18-2007, 07:39 PM
Sirius is like the Titanic and its very very close to the iceberg,

skylarbrie
03-18-2007, 07:42 PM
i'll buy siri at $2

Dick Fitzwell
03-18-2007, 07:44 PM
As long as my receiver keeps working, WGAS??

elroyjonz
03-18-2007, 07:45 PM
There is decent support at $2, but why bother?

NOLDaemon
03-18-2007, 09:23 PM
Sirius should put themselves another billion dollars in debt. That will go well with the dillution of the shares.

lilbuddy67
03-18-2007, 09:46 PM
I'm waiting for 0.03 a share.......maybe in 4 weeks.