Posted On: 08/24/2016 9:31:32 PM
Post# of 96881
Re: micronesia #65366
So you say when a company does not communicate with its shareholders it's a bad sign....a very bad sign.
Well..... I've been down this road once before with SiriusXM that had a very well respected and one of the best in the radio media business, CEO Mel Karmazin.
It took the FCC from what I can recall approximately 16 months to approve the merger between Sirius & XM that was finally approved mid 2008.
As Mel Karmazin was struggling to restructure and refinance debt after the merger, the company was in total silence approximate 7 months to its shareholders as it was facing filing Bankruptcy January 2009. The shareholders ere fuming as the stock plummet to .05
I loaded up at .08 as I heard the news January 2009 about John Melone / Liberty Media coming to the rescue and taking stake in Sirius a day before having to file bankrupt.
So my friend sometime silent is golden !!!
Well..... I've been down this road once before with SiriusXM that had a very well respected and one of the best in the radio media business, CEO Mel Karmazin.
It took the FCC from what I can recall approximately 16 months to approve the merger between Sirius & XM that was finally approved mid 2008.
As Mel Karmazin was struggling to restructure and refinance debt after the merger, the company was in total silence approximate 7 months to its shareholders as it was facing filing Bankruptcy January 2009. The shareholders ere fuming as the stock plummet to .05
I loaded up at .08 as I heard the news January 2009 about John Melone / Liberty Media coming to the rescue and taking stake in Sirius a day before having to file bankrupt.
So my friend sometime silent is golden !!!
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