Originally Posted by
Newman
Ergen cannot FORCE anything unless Sirius defaults. They have cash on hand for Feb, and they have time to get may debt taken care of.
Here is everyone's homework assignment for tonight:
The Feb debt is the only debt that belongs to Sirius. The May and Dec debt belong to XM, a subsidary. What are the possibilities of BKing the SUBSIDARY, while leaving the parent company untouched? What would be required of Sirius to do this, what would they loose, and what would be the consequences?