I have heard talk around the net about a 30 day extension option on the Feb. 15th bond debt. I have yet to verify that this is true. If it is true, I am curious about the reasons, ramifications, and possibility of them using this....
Homer?
Anyone?
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I have heard talk around the net about a 30 day extension option on the Feb. 15th bond debt. I have yet to verify that this is true. If it is true, I am curious about the reasons, ramifications, and possibility of them using this....
Homer?
Anyone?
i dont think it would be good for the stock price, it would send a sign that siri is having dificulties, pay it, and pay it on time. Some say it will add more cash to bottom line waiting but i think more hardm than good would come of it.
I don't see anything in the indenture about it, but that doesn't mean that it doesn't exist... I may be missing it, or it just may be standard. I think though that if they do not repay on that date, that they will be in default -- though still given 30 days to repay it.
Regardless, I think it is a moot point. I believe that they have the means to repay/refinance this remaining amount.
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