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Thread: How can they BK with Cash On Hand???

  1. #1
    Hopeful is offline
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    How can they BK with Cash On Hand???

    It doesn't make sense??????

  2. #2
    Siriusowner is offline
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    Why not ? It is not about how much cash they have, it is about how much they owe.

  3. #3
    Hopeful is offline
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    Yeah but if they have the cash to pay the feb debt how could they still BK???

  4. #4
    Siriusowner is offline
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    Quote Originally Posted by Hopeful View Post
    Yeah but if they have the cash to pay the feb debt how could they still BK???
    They need that money to operate. Besides, they owe 3.1 Billlion and even if not all is due, the creditors may claim their money early if Sirius defaults or if they think that the company is not viable anymore. That is why they need Chapter 11 protection.

  5. #5
    trippingthespeculatingpos is offline
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    Joined: Dec 2008 Location: San Antonio Posts: 2,884
    hello.......... did u guys ready the wsj article? this is all bullshit there is no new news!!!! we already new that they hired advisors which we've know for some time now. total bullshit.

  6. #6
    sxminvestor is offline
    Does anyone think Mel is banging his wife tonight or he is so stressed that he can't get it up anymore ?

    Have to add a little humor, I'm cracking up here.

  7. #7
    Hopeful is offline
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    Id say it's tucked up inside hiding from potential castration ahahahhaha!!!

  8. #8
    rickand7 is offline
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    Joined: Nov 2008 Posts: 15

    Lawsuit

    Would be grounds for a law suit if BK occurs and leaves money in the bank.

  9. Ad Fairy Senior Member

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