It doesn't make sense??????
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It doesn't make sense??????
Why not ? It is not about how much cash they have, it is about how much they owe.
Yeah but if they have the cash to pay the feb debt how could they still BK???
They need that money to operate. Besides, they owe 3.1 Billlion and even if not all is due, the creditors may claim their money early if Sirius defaults or if they think that the company is not viable anymore. That is why they need Chapter 11 protection.Quote:
Originally Posted by Hopeful
hello.......... did u guys ready the wsj article? this is all bullshit there is no new news!!!! we already new that they hired advisors which we've know for some time now. total bullshit.
Does anyone think Mel is banging his wife tonight or he is so stressed that he can't get it up anymore ?
Have to add a little humor, I'm cracking up here.
Id say it's tucked up inside hiding from potential castration ahahahhaha!!!
Would be grounds for a law suit if BK occurs and leaves money in the bank.