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Technology Stocks : Sirius Satellite Radio (SIRI)
SIRI 20.46-2.2%3:59 PM EST

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To: Michael Hart who wrote (860)2/13/2004 9:34:26 AM
From: i-node  Read Replies (2) of 8420
 
It is, to me, unreal to see this stock trading at $3 today after this liar, a week ago, said they're "fully funded to breakeven" and today they're hitting the market for $200M.

S&P is going to croak over this. Not that it matters.

But the guy diluted to 1.4 BILLION shares to get rid of the debt and now they're back to $460M -- almost as much as XM has ($612M) but with shares numbering in the billions.

The guy ought to be run out on a rail.
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