Thank you for the show.

One inetersting piece of news that I found in Boomer’s comments on siribuzz. It appears that liberty consummated the transactionfor share purchase with a bank on December 30, 2011 when the stock price closed at $1.82.

Now, everything fell in place. Bank guys were not idiots and sold at a 20% premium. It appears that liberty blatantly breached not only FCC regulations requiring reporting of such actions within 24-48 hours, per professor Harrison, but also cheated sirius by making a move before March 2012.

If this is true, now it may get really interesting.

another question- why does it matter “who” provided the 300mil shares to Liberty? will this affect the share price?

I appreciate the opinion of Spencer as well.

I’m confused regarding what you guys see as the potential for Sirius investors. Is there a price we can at least hope for?

Should we be staying in or getting out?

thanks

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I am really puzzled by such a stupid de facto move from a genius. Maybe we are overestimating him a little bit, or maybe we are underestimating another genius, who proved to be one in this particular case, Mr. Mel Karmazin. So far, Mel has not lost (by losing I mean won or got what he wanted) a single case. Look at the merger, price increase, Howard, Blessing, Shenk Sound Exchange (he will squeeze them if anyone has any doubts) and now Liberty with its genius Mr. Malone.

The fundamental question is why Mr. Malone went the mind boggling de facto way vs. buying another 11%. This is either miscalculation or arrogance or both. I cannot see any other explanation. Another upcoming in the face event will be the Board of Directors reappointing Mel for another three years. The majority is still a majority, with eight directors voting for the interests of the “smaller” 60% despite the “larger” 40% of Malone’s!!!

I said it before and I will say it again. Malone got the first 40% for $12K (TWELVE THOUSAND DOLLARS IN 2009) with practically ZERO risk collaterized by huge siri assets. Now, it is time to pay up. Those who think that Mel has $3 a share in mind for the required 11% are being fools grossly underestimating the GENIUS of Mr. Karmazin. I have no doubt whatsoever that they have been talking different numbers from day one, and Mr. Karmazin may even have provoked Mr. Malone back in November when New York Post leaked the news about them negotiating. I will not be surprised to see twice today’s share price. We know how it works in life: what comes around goes around. Mr. Malone won in 2009, now it is time to square the accounts. It is like a poker game where you cannot win all the time. Remember Henry Paulson making billions betting agents the market. After that he lost billions in similar bets. You have to be Warren Buffett who never makes super bets but invests mega patiently and super carefully to make good money.

To conclude, we are in for a huge performance with two brilliant actors where one way or the other our patience will be handsomely rewarded.