GIVE A GUY A #@#$% HEART ATTACK!!!!!!!! Homer, you are probably the most knowledgeable person reagrding SIRIXM on the net, and have yet to find anything you post incorrect. When I read the following on the yahoo boards I litterly had to leave work as I felt like I was kicked in the gut!!!!!! For the love of GOD I hope your #'s are WRONG. SEE BELOW FOR THE ANSWER OF PAYING DEBT ON TUESDAY.......
Start with $360 million...
+ Add in FCF from Q4 of about $50 million;
- Now remove $180 million minimum balance needed, per their various indenture agreements;
- Now remove $175 million to repay the February debt;
- Now remove $44 million owed to the NFL in February;
- Now remove $60 million owed to MLB in March;
- Now remove $50 million for accounts payable
= ($99 million) Homer's # that kicked me in the GUT!!!!
CAN WE MAKE $175M PAYMENT TUESDAY???
A. $50M FCF in Q4 is conservative #. My # $100M-$150M FCF
B. $180M MIN PER INDENTURE CORRECT $ = $75M XM SIRI ?????
C. MLB is a March payment
we are focused on FEB 17th
Start with $360 million...
+ Add in FCF from Q4 of about $100 million;
- Now remove $75 million minimum balance needed, per their various indenture agreements;
- Now remove $175 million to repay the February debt;
- Now remove $44 million owed to the NFL in February;
- Now remove $50 million for accounts payable
= $116M minus SIRI MIN PER INDENTURE = ?????????