The 2 1/2% Feb 09 converts were issued in February and March of 2004. At the time, SIRI was trading between 2.70 and 3.00. So when the note holders created their short hedge - 67m shares would...
SIRIUS XM SATELLITE RADIO FORUM
Type: Posts; User: winagain35
The 2 1/2% Feb 09 converts were issued in February and March of 2004. At the time, SIRI was trading between 2.70 and 3.00. So when the note holders created their short hedge - 67m shares would...
I hope Homer doesn't' mind me posting this. He had an interesting theory on the yahoo board. Seems like the most plausible explanation I've heard.
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The fact is, Sirius could not...