Roxieanne

Is Sirius Up for Sale?

Rights and warrants are great vehicles for companies to utilize. In this case, it appears that Siri/xm is using the rights as a protective measure against a hostile takeover of the company----i.e. the poision pill.

While May 11th is the magical date of record for stockholders to receive these rights, what isn't clear to this writer is whether or not any stock bought on let's say-----May 12th or after will receive the rights. (

Another way of utilizing rights and warrants is for them to trade on the public market as a company's stock price increases and utilized as a vehicle for raising funds.

When a company needs funds but doesn't want to be beholden to a creditor this is a great way to go----I would seriously encourage the BOD of Siri/xm to consider this use of rights and warrants also.