Posted On: 05/21/2016 12:36:35 PM
Post# of 96892
I've been down this road before with Sirius......
I bought a boat load in 2009 @ .08 when they were very close in going bankrupt.
With 3.6 billion O/S.... $230 million Bond/Note due only 1 day away from having to file BR and only approx. $255 million cash on hand..... Other senior notes and debt of approx. $400 million also coming due....... Replacement of a new satellite do to launch a year away. All in a Financial Banking Meltdown.
Sirius made it ...... With a partner to the rescue Liberty Media. And no R/S
Bought in 2009 @ .08 and began to sell 2013 @ $3.15
Not a bad return in 4 years.
NTEK will be much larger and quicker if they play there cards right !!!
NTEK is in much better shape than Sirius.
Not facing Bankruptcy ... No huge debt ..... NTEK global market and subscriber protential is much much greater than Sirius .... MUCH BIGGER ... HUGE !!!
I bought a boat load in 2009 @ .08 when they were very close in going bankrupt.
With 3.6 billion O/S.... $230 million Bond/Note due only 1 day away from having to file BR and only approx. $255 million cash on hand..... Other senior notes and debt of approx. $400 million also coming due....... Replacement of a new satellite do to launch a year away. All in a Financial Banking Meltdown.
Sirius made it ...... With a partner to the rescue Liberty Media. And no R/S
Bought in 2009 @ .08 and began to sell 2013 @ $3.15
Not a bad return in 4 years.
NTEK will be much larger and quicker if they play there cards right !!!
NTEK is in much better shape than Sirius.
Not facing Bankruptcy ... No huge debt ..... NTEK global market and subscriber protential is much much greater than Sirius .... MUCH BIGGER ... HUGE !!!
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