nasdaq-buildingThe threat of a reverse split for Sirius XM Radio has just eased up a bit thanks to a decision by NASDAQ to extend the delisting freeze to April 20, 2009 from January 20, 2009. The NASDAQ news comes on the heels of shareholders overwhelmingly authorizing a reverse split just yesterday.

With typical extensions that companies under the threat of delisting get, Sirius XM shareholders can put the delisting issue on the shelf until at least the Fall of 2009.

[NASDAQ Press Release]

Position - Long Sirius XM