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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 379.91

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4:00 PM EST

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To: Cogito Ergo Sum who wrote (44075)	12/18/2008 10:25:27 PM
From: posthumousone	Read Replies (1) of 217679

XM/Sirius is doing a reverse split. <<Selling new shares could give Sirius the means to meet some of its almost $1 billion in loan repayments due next year, including $209 million in convertible bonds maturing in February. The stock has traded below $1 since Sept. 10 on investor concern that Chief Executive Officer Mel Karmazin won’t be able to manage the debt and meet growth projections. >> How does a reverse split give anyone the means to meet loan repayments?? The company is worth the same amount pre-split

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