SIRI has Over $441 million in FTDs coming due next week, Warren buffet just loaded 3 mill more

Let me lay the land.

SIRI just had a reverse split merger on September 10Th. Shorts piled in and dropped price hard.

This is the largest consecutive string of FTDs this stock has seen

Post Split share count

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FACTS:

Shares out standing :339,133,937 

Liberty Media owns 81% of the float = 274,698,488 shares s locked up

Minority stake holders/free float is 19% = 64,435,449 shares

Quote from Liberty Media press release September 9th "

Sirius XM Holdings will have a single outstanding series of common stock and will begin trading at market open on Tuesday, September 10, 2024 on the Nasdaq Global Select Market under the symbol “SIRI”. Liberty Media’s Liberty Formula One common stock and Liberty Live common stock will continue trading following the Split-Off and Merger on the Nasdaq Global Select Market or the OTC Markets, as applicable.

Effective as of the Merger, Sirius XM Holdings has 339,133,937 shares of common stock outstanding, of which former holders of Liberty SiriusXM common stock own approximately 81% of Sirius XM Holdings, while former Old Sirius minority stockholders own the remaining 19%."

Warren Buffet owns (for sure) 108mill of SIRI shares (post split)

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Warren 13F, 700% increase in siri

Just bought 3mill more shares at all time lows of SIRI stock history

61,435,449 shares arent locked up (keeping math simple)

Now we have 14.4MILLION FTDs which is about 27% of the free FLOAT, all starting to come due starting next week.

Break down TLDR:

61,435,449 tradeable shares of 339mil

14, 437,194 shares (which is notional $ value of 441million dollars)FTDs DUE to be purchased for delivery of next 30 days

15,491,508 SHORTED SHARES currently

5.16% short interest or close to 25% of the tradeable float, highest its been in over a year.

THATS IS OVER 55% OF the tradeable float to be bought back up!

This is primed to start up trend over next 30 days, with a low free float

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