Everything seems to come down to the financing coming due in 2009.
Does anyone have any thoughts on what options Mel has?
I HATE the idea that I'm buying into the conspiracy theories out there, but just reading the Yahoo boards the last couple days, it sure does seem that there are some people on there bashing the stock 8 hours a day. What is their motivation?
It only seems to make sense to short this right now if the company has to issue more stock. That's been the game that's made money this past year. Find a company that needs money now, and drive the stock down. When it's down, the company has no options. What can SiriusXM do, other than selling stock or converts to get over this hurdle?
If faced with a choice between another ugly financing or loaning the company money, what do you think Mel would choose?