I compare NTEK business model to Sirius XM. Severa
Post# of 96892
Posted On: 06/03/2015 6:53:56 AM
I compare NTEK business model to Sirius XM. Several years of competing with each other, both Sirius and XM floated billions of shares to build there infastructer and aquirering content. One of Sirius content agreement was with Howard Stern, a five year agreement costing Sirius FIVE HUNDRED MILLION DOLLARS in stock/ shares.
In July 2008 the FCC finally granted there merger. CEO Mel Karmazin is faced restructuring a heavy debt and notes that were coming due. 3.6 BILLION outstanding float/ shares with a combine 18 million subscriber base.
With the 2008/2009 financial meltdown, Karmazin was faced with a possible bankruptcy with a note due in January 2009 with a downward spiral pressure on the share price to .05 With only one day left before the deadline, John Malone owner of Liberty Media stepped in and help bail out Sirius with a 500 million dollar loan for a 40% shareholder.
Today Sirius has approximately 30 Million subscribers with a share price near $4.00 in only the U.S. and in Canada..... ONLY!!!! NOT GLOBAL !!!!!
And we are talking a radio satellite content business model with a lot of competition
NTEK.... GLOBAL .... THE ONLY 4K CONTENT PROVIDER..... POSSIBLE 100's OF MILLIONS OF "SUBSCRIBERS" !!!!!
YOU FIGURE IT OUT !!!
I feel the added 400 million, will help with there rapidly growing infrastructure and content that will definitely add total value to the all
Read More: http://investorshangout.com/post/view?id=2992...z3bzjnRPoa
In July 2008 the FCC finally granted there merger. CEO Mel Karmazin is faced restructuring a heavy debt and notes that were coming due. 3.6 BILLION outstanding float/ shares with a combine 18 million subscriber base.
With the 2008/2009 financial meltdown, Karmazin was faced with a possible bankruptcy with a note due in January 2009 with a downward spiral pressure on the share price to .05 With only one day left before the deadline, John Malone owner of Liberty Media stepped in and help bail out Sirius with a 500 million dollar loan for a 40% shareholder.
Today Sirius has approximately 30 Million subscribers with a share price near $4.00 in only the U.S. and in Canada..... ONLY!!!! NOT GLOBAL !!!!!
And we are talking a radio satellite content business model with a lot of competition
NTEK.... GLOBAL .... THE ONLY 4K CONTENT PROVIDER..... POSSIBLE 100's OF MILLIONS OF "SUBSCRIBERS" !!!!!
YOU FIGURE IT OUT !!!
I feel the added 400 million, will help with there rapidly growing infrastructure and content that will definitely add total value to the all
Read More: http://investorshangout.com/post/view?id=2992...z3bzjnRPoa
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