"Just Sirius" gets it,
Yes Newman, we have 5 years until 2014, however, that 2014 debt is the new "ugly debt". It's bond holder debt. Mel gave them over 250 million shares to short........Until that debt is taken care of, those short shares will be working against us!
The best case scenario I see is,
1. We get an incredible Q4 report. Retail did better than expected, Best of both has been a success, lifetime membership offer did well, cost cutting measures worked,,,,,,all equaling an unexpected high cash on hand position ($600m or more)
2. Mel pays off the Feb debt by issueing shares and with cash.
SIRIUS XM would now look like it can be profitable and PAY it's debt instead of refinancing it.
3. ALL of the remaining debt is refinanced with new players and better terms. This would complete the the merger and eliminate the shorts.........
Now, a reverse split would be welcome (1 for 15 maybe). There's no reason to short SIRI, there's no extra shares for shorting, we have a respectable sp, AND NOW, the company looks good enough for new institutional investors.
It's a dream, but I personally think it's the only way we'll see the stock "fly high"....sorry m4svt.