pgourley

Sirius Finally Provides Wall Street the Clarity It Demanded

I noticed you failed to mention that Sirius XM wants to oncrease shares after the rs. How appropriate that they want to negate naked short sells by decreasing shares, but in the same breath they want to increase shares. They want their cake and eat it too. Just face it, the management created this mess and now they want to screw the "unsophisticated investor". If you remember, Mel allowed those shares to be shorted and look what happened. As a leader, Mel should have been prepared for XM debt. Sirius could have done quite well by itself, rather than being sucked into a bk bound XM. He had plenty of opportunity over the year to pull out rather than extend the time to merge. He looked at what they owed in debt and when it was due. He knew, but he does not care because we little guys will get screwed and he will make back all of his losses and a heck of alot more.