Reiteration of the slides but the last few lines of the story are perhaps telling???
Shares are trading up 10% on this data, but shares are still only trading at $0.142 because the share prices are so low.
We still view this as an at-risk stock. The reverse split is something that the company cannot likely get around, but this strategy rarely works. Mel Karmazin may also need to leave as one of our own 10 CEOs TO GO FOR 2009, but he may still try to take this private. Stay tuned.
http://www.247wallst.com/2008/12/sirius-outlines.html