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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: posthumousone who wrote (44082)	12/19/2008 1:49:01 AM
From: Cogito Ergo Sum	1 Recommendation Respond to of 217669

Sirius XM Radio Inc.'s shareholders approved proposals to issue up to 3.5 billion more shares and enact a reverse stock split, an effort by the satellite-radio company to pay down debt and shore up its battered stock price. Shareholders, who have watched the stock crumble amid concerns about the company's subscriber growth potential and its ability to repay debt, gave the board the right to split its common shares by a ratio of between 1-for-10 to 1-for-50 by the end of next ... ====== I guess the part I bolded is the lipstick... BUT they are not sure if they need the bulk size from CostCo or not ... 50:1 YIKES ... so they can then hopefully raise dough with the underlined part.. I dunno... memories of Nortel :O) online.wsj.com