SIRIUS XM SATELLITE RADIO FORUM
I am freakin out what is happening? I'm at the grocery and have limited internet
ny times just reported that siri is planning on filing bk so price is tanking.
Wow, nice drop. I said last night y'all shouldn't be buying this week, anyone bought more shares this week ?
Do not get in if you are not in already. The Wall Street rule "buy the rumor" does not apply in this case. Probability of BK: Very High.
With more than $5 billion in assets, Sirius would be second-largest company to file for Chapter 11 bankruptcy protection so far this year, according to the research firm Capital IQ’s database. The Smurfit-Stone Container Corporation, which had more than $7 billion in assets when it filed in late January, was the biggest so far.
Imagine that: $5 billion in assets plus the monthly subscription receipts and they are ready to file bk.
Way to go Mel.
relax how does that work there is infrastructure involved
.06 AH. That's a BK pps. All they have to do now is file it.
After Hours
Last: $ .062 After Hours
High: $ .115
After Hours
Volume: 16,183,911 After Hours
Low: $ .06
After Hours
Time (ET) After Hours
Price After Hours
Share Volume
19:59 $ .062 100
19:59 $ .063 3,000
19:59 $ .062 14,900
19:59 $ .062 20,000
19:59 $ .062 4,000
19:59 $ .062 1,500
19:59 $ .0612 10,000
19:59 $ .0611 50,000
19:59 $ .062 11,600
19:59 $ .064 6,000
Secure creditors get all that. Senior bond holders are next in line. Then bond holders and at the end un-secured creditors and last, shareholders. Shareholders are wiped out.Originally Posted by ray
Saw this on the Fidelity website, so can't link to it in my account. I saw one posted here for 2/23 so not sure what is correct. Anyways a sad evening so far. Hoping for a miracle tonight or maybay tomorrow.
4th Quarter 2008 XM Satellite Radio Earnings Release (expected)
5:14 p.m. 02/06/2009 Provided By CCBN Street Events
XM Satellite Radio is expected to announce 4th quarter 2008 results on or aroundFebruary 16, 2009.
Reply With Quote