"In exchange, Liberty will get 12.5 million shares of preferred stock convertible into 40 percent of Sirius' common shares, and two seats on the company's board."
Okay, so there use to be 3.5...
Type: Posts; User: birkoff
"In exchange, Liberty will get 12.5 million shares of preferred stock convertible into 40 percent of Sirius' common shares, and two seats on the company's board."
Okay, so there use to be 3.5...
Well, the deal was done. So how much is SiriusXm deluted by "new" stock shares. Seems to me it will be hard to find new equity in a few million more shares, or tens of million shares. 10 cents...
So what's Mel up to? He owns 5.5 million shares, has paid
$21,000,000 for his shares and they are worth $550,000.
The company has $3.5 billion of debt. His strong statements
don't really mean...