SiriusXM will survive!! We have Howard and Oprah!!
Sirius XM Radio agreed to issue 108.1 million shares in exchange for convertible
notes due in 2009 to reduce its debt obligations, the company said in a regulatory
filing.
The filing was made with the U.S Securities and Exchange Commission on Dec. 22.
Sirius has about $1 billion in debt due to mature in 2009, with the first portion
due in February. SiriusXM.com Satellite Radio.
At a meeting last week, the satellite radio company's shareholders approved proposals
to issue up to 3.5 billion more shares and enact a reverse stock split, in an effort to
pay down debt and shore up its battered share price.
www.SiriusXM.com is sure to survive. Don't worry...
We have HOWARD STERN and OPRAH...
How can they miss?
The King of All Media and Queen Oprah
Labels: howard stern, oprah, sirius, siriusxm, wwwsiriusxmcom
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