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#1
02-11-2009, 07:14 AM
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Sirius considers bankruptcy filing
Sirius XM shares drop on reports of possible bankruptcy
By David B. Wilkerson, MarketWatch http://www.marketwatch.com/news/stor...CFBD6D46D78%7D CHICAGO (MarketWatch) -- Shares of Sirius XM Satellite Radio Inc. dropped 31% in morning trading Wednesday on reports that the company could be close to filing for bankruptcy protection. The shares were down 3 cents at 8 cents. The stock traded in the $4 range two years ago. Sirius XM is working with bankruptcy lawyer Mark Thompson of Simpson, Thatcher & Bartlett, and Joseph Bondi, a restructuring expert, to set up a Chapter 11 filing that could come in the next few days, the New York Times reported on its Web site Tuesday evening, citing an unnamed person it described as familiar with the situation. Last edited by Kasept : 02-11-2009 at 11:02 AM. 
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#3
02-11-2009, 10:59 AM
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Nothing should happen to SiriusXM immediately with a Chapter 11 reorganization filing or not.
An Echostar/Sirius deal could turn out to be very good for ATR...
__________________
All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. ~ Joseph Conrad A long habit of not thinking a thing wrong, gives it a superficial appearance of being right. ~ Thomas Paine Don't let anyone tell you that your dreams can't come true. They are only afraid that theirs won't and yours will. ~ Robert Evans
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#4
02-17-2009, 09:27 AM
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__________________
"I don't feel like that I am any better than anybody else" - Paul Newman
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#5
02-17-2009, 10:10 AM
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Quote:
__________________
Ole' Timer says to another leaving Keystone Race Track (Philly ) ...""Its a good thing I broke even today, I really needed the money """!!!! Gotta Love Horse Racing !!
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#7
02-17-2009, 04:12 PM
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Looks like I will get to listen to Steve when im at work for a bit longer. What a relief. Hey Steve do you want me to an on scene reporter next Tuesday from Bourbon Street for fat Tuesday? Im sure all your listening fans and fellow would get a good laugh.
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#8
02-17-2009, 10:15 PM
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20 cent shares?
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