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Sirius Investors Face Difficult Decisions: It All Boils Down to Faith

The proposed additional share approval and reverse split will not change SIRI's problems. The company needs capital,and it wants to use those factors to wheel and deal with potential sources who will seek to gain access to what appear to be extremely valuable assets belonging to existing shareholders. It is unfair to us to offer dilutive deals to outsiders without first allowing the huge pool of present shareholders and even subscribers to participate in any such undertakings on the same basis. The Company's reluctance to do that raises suspicions.