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Technology Stocks : XM Satellite Radio Holdings Inc. (XMSR) -- Ignore unavailable to you. Want to Upgrade?

To: Michael Hart who wrote (296)	8/17/2002 10:21:21 PM
From: i-node	Read Replies (2) \| Respond to of 3386

The stock will definitely be further diluted; that has been planned all along. The problem is that if the stock price stays depressed the dilution will be worse than I expected. SIRI would look attractive as a takeover candidate, but for the fact their subscription numbers look pretty bad. XM is executing as perfectly as any company I've seen. I wish I'd waited until now to buy it, though...

To: Michael Hart who wrote (296)	8/19/2002 5:30:33 PM
From: pagejack	Read Replies (1) \| Respond to of 3386

Any loan is likely to be backed by stock options. I think that I had suggested the possibility of a convertible bond offering. I don't have the slightest idea whether $50/share is a realistic target price or whether it will be a "4 bagger" in 18 months. What I said, and still believe, is that I will be able to buy the stock significantly cheaper than it is now. You see the difference between a share price of $3 or $1.50 as $1.50. I see it as the difference between 1000 or 2000 shares. With an investment of $3000 and your " target" of $50/share, that nets out to an additional $50,000. Well worth waiting for when the forthcoming dilution is acknowledged by the company!