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Message from discussion 60,000,000 million shares retired for Sirius/XM according to the10K!
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SolidSteele  
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 More options Nov 6 2009, 6:36 pm
From: SolidSteele <steelesoluti...@aol.com>
Date: Fri, 6 Nov 2009 15:36:46 -0800 (PST)
Local: Fri, Nov 6 2009 6:36 pm
Subject: Re: 60,000,000 million shares retired for Sirius/XM according to the10K!
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I noticed someone yesterday mentioned that Mel commented on a number
related to our market cap,  that didn't correlate with the actual
numbers,
during his interview with Faber, could those shares be the 60,000,000
in
question?

On Nov 6, 4:31 pm, bonees <bgf...@gmail.com> wrote:

> Ken, I emailed link with my thoughts that I posted on satwaves. Didn't
> feel like retyping it :).
> But it makes me a bit angry 200m still remain.
> I don't understand why they should still remain outstanding.

> On Nov 6, 5:48 pm, nascarken <nascar.ke...@gmail.com> wrote:

> > On Page 20 of the 10K under (12) Stockholder's equity in paragraph 3:

> > "During the third quarter of 2009, Morgan Stanley Capital Services
> > Inc. returned 60,000,000 shares of our common stock initially borrowed
> > in July 2008 to facilitate the offering of the exchangeable notes.
> > The returned shares were retired upon receipt."

> > Let me understand this correctly these were most likely shares that
> > were used to short and they make up about 1.5% of the float and they
> > will no longer be used!    Dem, Jeff, Boones, chime in on this
> > one!     This sounds like really good news!   I hope we see more of
> > this in the future!


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