As I see it, the founders of this company are pretty intelligent. They are successfully enriching themselves with 1/4 million dollar salaries while they tell the investing public a very easy-to-understand plan about radio broadcasts from an as-yet-to-be-funded (let alone built) satellite.
Also, radio is a totally non-visual experience. Wake up already, look around you, and understand the world you live in!!! MMX technology, MTV, VH1, multimedia applications, WebTV, Bill Gates investing in Comcast. The future is digital, my friends, and is very visual,interactive, and global. MIT even has a Media Laboratory completely devoted to developing and pioneering visual communications and multimedia technologies. This lab has been around since the late '80's. Clearly, radio is the past. Radio is non-interactive. Radio is passive. And Cable is not like radio. Cable and the Internet serve up differentiated content and push-technology. More than likely we will be interacting with portable Internet access devices which will give us any form of multimedia entertainment that we desire in digital format... anywhere, anytime and anyplace. This is the vision of the future, IMHO.
Moreover, we do not even know if CD Radio has a workable technology in satellite broadcast. Read the SEC filings and this is explained. Only local tests have been carried out in the Washington DC area. A far cry from a satellite orbit. Remember, the founders are not rocket scientists, they are businessmen interesting in selling a concept that is very easy for the average Joe to understand. Radio is a American as apple pie and that's the appealing part of CDRD's endeavor. And this is deliberately done for raising additional capital thru dilutive equity and debt financings. Capital which will find its way into the already enriched pockets of the three CDRD musketeers.
So, not only is the financial part of this company seriously flawed, but the satellite concept itself, IMHO, is also very weak when you consider the rapid emergence of interactive multimedia and digital technologies. And understand, Cable <> Radio.
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