GRRRRRR!!!!!! Sirius XM Prepping for Bankruptcy

[Bucking Bronco]

This sucks, if they don't get refinanced or get a major player involved (like Echo Star) they will go the way of the (DODO) Circut City

http://www.thestreet.com/story/1046...ng-for-bankruptcy-report.html?cm_ven=GOOGLEFI

 

[RockMonkey]

And I'll probably lose the money I just paid for two subscriptions. Maybe Howard Stern can give back the half billion he made last year?

 

[Cody]

that sucks. too bad they couldnt' find a way to make it financially viable. It's a great concept.

 

[MRJ]

And I'll probably lose the money I just paid for two subscriptions. Maybe Howard Stern can give back the half billion he made last year?

x2

 

[Bucking Bronco]

And I'll probably lose the money I just paid for two subscriptions. Maybe Howard Stern can give back the half billion he made last year?

x2

It could be worse
You could own 25000 Shares:sick:

 

[RockMonkey]

It could be worse
You could own 25000 Shares:sick:

11 cents today, right? What did you buy it at?

 

[Meat_]

It could be worse
You could own 25000 Shares:sick:

That was a poor plan

 

[Bucking Bronco]

Right now in after hours it is .064

I have purchased a few different times with my average now being .183

I am thinking about putting a stop loss on it for tomorrow morning but right now the BK it just speculation so I might just ride it into the ground

 

[GOAT]

that sucks. too bad they couldnt' find a way to make it financially viable. It's a great concept.

x2



worse yet is how bad the alternative is oh well, at least there is krcl

 

[Bucking Bronco]

My dad is a truck driver and he was very upset. Hopefully they don't just end up going under. I think someone will buy them out, Unfortunately it will be through bankruptcy after the common stock holders will be wiped out.

 

[TEAM FRED]

This sucks my subscription just funded last month.

First no Crawl mag and now no tunes. Bummer

 

[CJ Matt]

I say give the CEO 10 million for running up 3.4 billion of debt and let the government bail them out.

If failure is the way to get rich I am your man!

 

[cruiseroutfit]

That would suck if they went under, as a recent convert I'm totally hooked on them now.

 

[jet_aj]

Oh man that really sucks. I've had XM then Sirius (XM for 2 years, then Sirius) for the last 6 years and was still planning on renewing in May when my subscription was up... I just about bought a new radio too. I really like being able to listen to EXACTLY what I'm in the mood for anywhere I go, I don't exactly have very good radio stations around home...

 

[Bucking Bronco]

There might be some good news developing. Siri is involved with talks with Direct TV to either buy them out or finance their debt.

It is a long story but Dish has been trying to take over Siri for about a year and this is going to be kind of an up yours to Dish if it goes through with Direct TV

I am crossing my fingers, They have until the 17 to do something or they have to file bankruptcy

 

[Rusted]

Bankruptcy does not always mean out of business. Could very easy just be a restructure and your radio will still work until they get the money figured out again.

 

[Bucking Bronco]

WAHOOO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:tara::tara::tara::tara::tara::tara::tara::tara:
"Sirius XM Radio Inc. won’t have to file for bankruptcy today after Liberty Media Corp. agreed to invest $530 million to rescue the satellite radio broadcaster, the companies announced Tuesday"

http://denver.bizjournals.com/denver/stories/2009/02/16/daily9.html