Dr. Remulac

Finally Some Good News for Sirius Shareholders

Many companies have employed the use of reverse stocks and have come back. But I don't believe it was the reverse that saved them. They were large companies that could not fail basically due to their humongous size. I'm not saying the reverse split will save SIRI, but I do believe SIRI will survive. A reverse split is a smaller issue, and deserves a little less attention.

There are bigger SIRI fish to fry. I would like to see Mel Karmazin step up to a microphone and state his exact plan to manage the debt. I no longer want to hear "We are working on it". There is no downside to making debt refinance plans public. Why is there nothing to dissuade shareholder fears? To be so quiet and aloof smacks of fear and deperation. I don't want to hear about cost savings (Show them to us! A few layoffs aren't too impressive), synergies (Nothing worth noting has been synergized!) and EBITDA (I want to know how much we'll make AFTER ITDA!).

Also, what's this crap mentioned in yesterday's BusinessWeek article ( www.businessweek.com/m... ) about DOUBLING the number of shares? That's kinda new! Anybody know what our shares will be worth if that gets approved? Doesn't mean much if you're holding from the upper ranges, but why continue to hold if you KNOW it's gonna get diluted?

This stock is going nowhere until investors' worries about the outstanding debt is satisfied. Period. They could say they made a buttload of money last quarter, layoff more employees and sell Howard Stern's hair on eBay for all I care. I want this debt paid down or refinanced to something feasibly manageable. Now. And I'm not voting to approve more shares to get there. Do it the old-fashioned way, Mel. Be the CEO. I don't want to be your buddy. Your exemplary past in this business no longer impresses me.