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It is to the cost of the debt from 9.5 % to 15% big cost in servicing the the money borrowed.

according to bloomberg, there is a 650 million dollar secondary on top of that...

crfceo called this over a week ago on our phone call. 4.6 shares is out the window now . It has to be.

XM Reaches Agreement With Senior Noteholders

Tyler this looks like a very expensive deal. Does this cause a change to the value of the deal. It looks like a material change.15%

Most! One or the other but not both at the same time. Read Tylers take on this fourm he understands the Interoperable issue. Three types is the key.

1. "Dual Mode" Receiver - a receiver capable of...

Yes. And it was a sham class action that would have caused shareholders to lose all rights. Also it would have indemnified Sirius Executives for all wrong doing! If anyone would like to talk send me...