Quote Originally Posted by denco1 View Post
Just a reminder on SIRI...

Today at midnight is the deadline for the 7% bondholders to take the deal. This could be the reason we are seeing bigger volume and BIG blocks today and yesterday. Also some sort of rebalancing today.

http://seekingalpha.com/article/1186...m?source=yahoo
Would be real nice for the SP going forward if the Bond Holders are converting and selling while SIRI is coming in to buy and retire the shares.......effectively removing the toxic debt from the books.