Wolf....that is good news for my portfolio!
Here is what I consider good news:
Liberty wasted no time in putting out the information and putting the SIRIUSMX logo on the Liberty Media Corp website. If they were hesitant about the situation, I don't think they would have rushed to get this info out. I'm not happy that they gave away 40% of the company....but I feel like all our work to prove the company has serious value and upside potential has been vindicated.
http://www.libertymedia.com/default.aspx
SIRIUS XM Radio is America's satellite radio company delivering commercial-free music channels, premier sports, news, talk, entertainment, traffic and weather, to more than 18.9 million subscribers.
ATTRIBUTED OWNERSHIP 40%
There is something they see in the info they got from Mel........or some strategy not yet released.....that caused them to do this...it wasn't just about making some money. I believe they are going to capitalize on something besides the weakness the company had in Feb with regard to debt. I just haven't found it yet.