Originally Posted by
relmor2003
Nothing baffled me more than why large stockholders didnt at least offer a short term bridge loan to cover at least Feb. to avoid losing all their value in their shares. Didnt make much sense to me.
Make it senior to other debt, and this at least bought them till May to get the bank debt extended. Maybe I dont know, pump the stock price up during this time, sell some shares, and pay off May debt. This leaves Dec with COH, and you pray autos rebound, iphone app is a huge hit, and you continue to cut costs. I mean come on, they basically refused this option for much less than the value of their holdings. Doest add up to me, but Im sure im missing something. Unless they accpeted the Malone deal based on rather sinking more money into this company. Rather Malone take the chance. If they want, maybe that would give them time to get out of their shares down the road, if they really wanted too. But having that board seat, give Black a tie in to an industry he has plans for. SiriusXM is in these plans. Im sure Liberty Media is as well.