I thought they needed cash. I went on line and could not change my XM plan from monthly to yearly ( of course a savings to me). I then called and much later got a service rep to do it, I thought the January bill can in at the monthly rate. Guess they don't want larger payments.
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I made a ton on Pricewatch and before that WPPGY both had reverse splits when I own them. I don't invest by shares but by the number of dollars when I trade. I don't invest in splits or reverse splits I invest in companies.
I own 23000 shares at 2.76 a share and no I am not jumping on the other hand it is less that 10% of my holdings. Some other holdings are GE and T it is all about balance.
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If all they need is $1B I wonder have they considered a Bond issue to shareholders? If you own 10,000 shares you get to buy a $10.000 bond converable into another 10,000 shares in a short term like 5 yrs anf the financing problems would go away. Shareholders know the value of this company. I for one would buy.
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