So I guess they are really going to make us wait until Tuesday to know either way?
SIRIUS XM SATELLITE RADIO FORUM
So I guess they are really going to make us wait until Tuesday to know either way?
"Wow, what a week last week huh?! Up to 20 cents and change, then all the way backdown to 0.1295. Talk about a bipolar stock..." Newman.
Newman -
If Sirius was a bipolar stock last week what would you call it this week?
I hope that we can call it a survivor at this time next week.
John Malone's Liberty Media is offering Sirius XM a bridge loan of several hundred million dollars to help the nearly insolvent satellite-radio company pay off debt that matures Tuesday, The Post has learned.
According to a source close to the situation, the loan is part of a two-step approach that Liberty wants to take as it looks to bail out Sirius XM, which is struggling to make its debt payment and fend off takeover maneuvers from EchoStar CEO Charlie Ergen.
As part of the plan, Liberty would provide Sirius XM CEO Mel Karmazin enough cash to replay $175 million in debt that Ergen currently holds and is due Tuesday.That then would give Liberty three months to come up with a plan to restructure Sirius XM's roughly $600 million in debt that comes due in May and in December.
One scenario could involve Liberty borrowing from Ergen's playbook by buying up Sirius XM debt on the open market. Another involves Liberty making a pitch directly to Sirius XM's bondholders.
http://www.nypost.com/seven/02132009...ius_155024.htm
ummmm, so problem solved??? We are in the clear???
http://www.nypost.com/seven/02132009...ius_155024.htm
if this article is accurate, thats ****ing it dude!!@!@!@!@!@!@!@!@!@ WFWEFHEFHIWIEFHWWEWGEHIWGIWEGHIIWEGHIWEGEGWGWEEGHI WWEGHIIWEGHHEWEGHWEGHWEGWEHGWEHGWEHIGHWERIGH?WEHGW EIH?GIWEwegweGWEGwegwegw
damn where the hell is everybody hahaha shit man this is what we all been waiting for and everybody's out drinking im sure :O
I was drinking. I am just taking a break. I am going to go out in a few minutes to the BAR !!!Originally Posted by trippingthespeculatingpos
Thats it! Its official!! We are brilliant!! Smartest investment move of the century!!!
I bought more in the last 15 minutes. Now have 410,381 averaged down to .60. I wish I had bigger balls. I would have bought more but I am in this thing deep.
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