SATWAVES

Sirius XM Ends Its $1.00 Compliance Run

By Brandon Matthews There are some articles I write, that come with the moral dilemma of being right or being popular. While shares of Sirius XM Radio (NASDAQ:SIRI) have enjoyed a significant rise of late, I have withheld my opinion of the company's decision to not reverse split its stock. The reverse split issue is always one such hot topic issue that is met with harsh criticism. Over the course of the last year, I have endeavored to report the benefits to Sirius XM shareholders of a reverse...

Sirius XM Shares Break The $1.00 Mark

By Brandon Matthews They said it couldn't be done, and I must admit that I agreed, yet today Sirius XM Radio (Nasdaq: SIRI) shares left their penny stock status behind as shares today broke the dollar barrier for first time, since September of 2008. Shares of SIRI have hit an intraday high of $1.05, up 9 1/2%, with Sirius XM once again topping the Nasdaq's most active list. Sirius XM shares have enjoyed an incredible run since the company reported select financial data several weeks ago wh...

Sirius XM Shares Top Nasdaq Most Actives List

By Brandon Matthews Shares of Sirius XM Radio (Nasdaq: SIRI) are continuing to trade higher on very heavy volume. SIRI shares began the new year at .59. Today, they touched an intraday high of .98 and closed at .9585, up over .06 or 7.52%. Total daily volume was 151,818,983 shares, nearly doubling that of the quad Q's. In fact, SIRI share volume nearly equaled that of INTC, MSFT and CSCO combined. Sirius XM shares last traded above the one dollar mark on September 19, 2008. With shares hov...

Satwaves Radio to Interview Professor of Law, Antony Page Live Tonight at 9:00PM EST

by Demian Russian Satwaves Radio will be conducting an exclusive live interview with Indiana University School of Law Professor of Law, Antony Page tonight at 9:00 PM EST. An expert in Securities Regulation, Professor Page will be discussing the Nasdaq's recently updated rules, as well as the hearing and appeal processes for non-compliant companies. Professor of Law, Antony PageAntony Page is a Professor of Law at Indiana University School of Law in Indianapolis. He primarily teaches and...

Sirius XM CEO Karmazin Does It Again: SEC Approves Nasdaq Compliance Extension

By Brandon Matthews It appears that Sirius XM Radio (Nasdaq: SIRI) CEO, Mel Karmazin has pulled off another deal of the decade, and it appears that Sirius XM will not be required to execute its shareholder approved reverse split. Satwaves has learned that the Securities and Exchange Commission on January 29, 2010 has approved a Nasdaq motion to extend compliance periods for listed companies that fall below its minimum bid standard, up to 360 days beyond the initial 180 day notice. The newl...