Sirius Roadkill

Is Sirius XM Headed the Way of Old Radio?

oops . . . would be remiss if I didn't give a shout-out to the fat lady . . . you know, the one tuning up her vocal cords . . .

Is Sirius XM Headed the Way of Old Radio?

"Calling Dr. Kevorkian . . . calling Dr. Jack Kevorkian to the trading floor please . . . Dr. Jack Kevorkian to the trading floor"

ehh, at $0.71 and sinking I'm starting to run out of new material . . . where does one go next? rearranging the deck chairs? fiddling while Rome burned? monty python's dead parrot? (did all those already)

too easy . . . not even challenging anymore . . . starting to feel a little sorry for the one's I taunt (gee, I wonder if I'm developing Stockholm Syndrome?)

better get outta here quick . . . .

Citi: Sirius XM Is “Massively Undervalued”

Once again, cos1000 has cogently stated the single most important issue impacting current share price . . . death-spiral-financing . . . all else is distraction.

It is hard to imagine that Mel et al would not have conducted proper due diligence as to the available terms and framework for financing an imminent merger approval. A broad, flexible, framework of terms should have been available in advance of the approval and a prospective facility in-place prior to the midnight massacre.

The NAB stay documents would have been perfected and ready for filing well in advance of any approval and certainly could have easily pre-empted formalization of the merger had NAB so desired.

Looks all too similar to the guy who buys a house he can't afford, uses exotic financing to close the deal and then sees the market drop 30%. The question is, when the "resets" come, will the common shareholders face foreclosure?