Posted On: 09/16/2015 8:40:51 AM
Post# of 96881
I see NTEK business model the same as Sirius XM model. They both floating share to grow there business. The only difference is SIriusXM was heavy in debt as our NTEK is not.
Back in the summer 2008 when Sirius and XM finally got the approval from the FCC, it came under a very large sort attack. At that time if I can recall the new SIriusXM had over 3.5 billion shares and heavily in debt with senior notes that were coming due January 2009. There combine subscriber base was 16 million at an average of $10.95 per month. With the financial collapse in the ladder part of 2008, CEO Mel Karmazin was faced with a difficult time trying to restructure its debt. Just one day away from bankruptcy in 2009, Libert media John Malone came to the rescue and took 40% stake in SIriusXM. The shock at that time was shorted down to .05 It now is trading close to $4.00 with close to 30 million subscribers.
Note SIriusXM is not a global company. The protential for NTEK subscribers are in the hundreds of millions and a much $$$ cost per subscriber.
Back in the summer 2008 when Sirius and XM finally got the approval from the FCC, it came under a very large sort attack. At that time if I can recall the new SIriusXM had over 3.5 billion shares and heavily in debt with senior notes that were coming due January 2009. There combine subscriber base was 16 million at an average of $10.95 per month. With the financial collapse in the ladder part of 2008, CEO Mel Karmazin was faced with a difficult time trying to restructure its debt. Just one day away from bankruptcy in 2009, Libert media John Malone came to the rescue and took 40% stake in SIriusXM. The shock at that time was shorted down to .05 It now is trading close to $4.00 with close to 30 million subscribers.
Note SIriusXM is not a global company. The protential for NTEK subscribers are in the hundreds of millions and a much $$$ cost per subscriber.
(0)
(0)Scroll down for more posts ▼
