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Technology Stocks : Sirius Satellite Radio (SIRI) -- Ignore unavailable to you. Want to Upgrade?

To: John Carragher who wrote (5937)	1/19/2007 1:08:13 AM
From: pcstel	Read Replies (1) \| Respond to of 8420

makes sense vs having both go into bankruptcy and no operators. Please check with the last round of SIRI shareholders that basically got wiped out in the last re-fi. Company is still here, signing up subscribers. Just the common shareholders lost their investment. (Hint: That's why the stock is at $4 bucks, instead of $40.) Bankruptcy doesn't mean no operators. It means a fresh lease on life with out all of that debt, and minus those pesky common shareholders. You will find that the FCC has no problem what so ever with Bankruptcy's. The secured debt holders take most of the company.. minus a nice slice of the company reserved for the same management that put it into Bankruptcy. The business continues into the future, and only the common shareholder gets screwed. After all.. You are the benefactor of the last round of shareholders that got taken to the cleaners. No reason to think it won't be any different this time. And so it goes, PCSTEL