Hope you are all having a great morning. I am. Another quick thanks to all of you who have been renewing your subscriptions. Some may wonder why I make such a huge deal out of it, and I am going to take some time to explain.
For those that have been around a while - some of this will be old news. For the new guys, consider it a lesson in how all this came to be.
Back a few years - alot of us started out as a group of Sirius XM investors following the stock on either the Yahoo message boards, Seeking Alpha, or Sirius Buzz. Over time, we decided we got tired of how things were censored, managed, etc... and after much collaboration we came together at the old SW.com website (which no longer exists, the old owner let it expire and it got bought up). That was our first real adventure in this. It went well, and we had a great following, but as with alot of great things, it came to an end with what most of us call the "fracture period" - when Dominick/BM BM (same guy) and I had a falling out over management, and several of the old moderators later left also to form yet another website. That was the fracture - the creation of several websites and splitting of the original group of SIRI followers.
When it all happened, and I decided I wasn't going to surrender without a fight, I converted this old domain of mine (used to be my handyman/remodeling business site) to host investor forums. It was a pure stroke of luck that we got it all to work. It was donations alone that built this site, and after a while that wasn't enough. Next phase in our history I like to call the "rapid growth period." We published, and Relmor and Andy were getting their articles out across the RSS feeds to publish everywhere, AOL, Google Finance, Benzinga, hell I think I remember Forbes in there, and quotes on the WSJ at one stage. All was grand, and then the next phase hit. I call it the full on Sirius Site War.
During the war - most of that time I was actually deployed for real in the middle east. Somehow we managed to continue building, shifting to better servers, but this period also brought major fights, attempts to hack the website, slander/libel by other sites, denial of service attacks on our servers.... it was brutal. Some point in there, some of the other websites managed to somehow convince Google to stop publishing us. I am fairly certain at this stage I know which, but that is water under the bridge. We survived when no one thought we would.
This past year, we have all seen many of the early investors fall to the wayside as they sold out and decided to cash in on their earnings. Many had invested when SIRI was in the sub-dollar range and seen crazy profits. Some literally financed their entire retirements. Some became millionaires. Some would say they did (on Yazoo) but were mostly fakes trying to convince folks the stock had finally topped out. They were wrong.
Through the end of our long road to here - costs soared and the economy still struggles. The economic landscape has been brutal. As a website, we had to do a few things to survive. This was when I made the toughest choice I had to make, and we initiated the subscriptions here. I then somehow managed to cut costs by over 80 % and secure our domain registration for the next 20 years. Good, but very busy and difficult work to get here.
This is what I now classify as our vindication year. Not only have we survived, we thrive (albeit a little different than we planned originally) and have the most loyal group of SIRI investors anywhere on the web. We absolutely could not have done this without you. And along with that - I could not have done any of this without Relmor and Andy.
So for this point forward - in recognition of their work at KOAT - every single donation you make on the donation form on the right side of the forums goes directly to paying Relmor and Andy in recognition for their hard work. Effective immediately.