User 261980

Is Sirius XM Stock Being Manipulated?

Unfortunately for your long position, u are unaware of the reality of the situation. A convertible bond holder is the same as any other creditor.
They expect to be paid on the due date. If the company cannot pay or goes bankrupt they lose their entire investment. Obviously, u are a juvenile who has no business background. GS wants siri to succeed or otherwise they will not receive anything for their investment. Moreover, u know nothing about investment banking. Siri is not considered a good risk and there is no chance that "fresh money is available" to take over GS position. Your "pie in the sky" statement is not founded on facts. The market price is the best indicator whether refinancing is available. It is not. There is no conspiracy or effort to keep the price down. The fundamentals keep the price down. Until a company is profitable lending interest will provide liquidity. U only have to look at the cash postion and u will understand why potential lenders are staying away. Grow up.