I live through the whole Sirius Saga ... Karmazin
Post# of 96879
Posted On: 12/01/2016 10:36:57 AM
I live through the whole Sirius Saga ...
Karmazin back was up against the wall with one day left having to make a decision to file BK...... His rival owner of Dish satellite Egan was buying up all the bond note that was secure by Sirius satellites trying to take over Sirius with the recent merger with XM in 2008 ..... same time the collapse of the banking industry.....
Liberty Media John Malone was Mel Karmazin only hope ....
Malone stole Sirius only costing Liberty media 12 million when it was all said and done ...... Liberty gave a 530 million 6 month loan for a 13% interest in return for 40% stock .....
Sirius had 3.5 billion O/S ..... 250 million cash on hand which the bond note due of 253 million....... and over 550 million in debt ..... at the time .....
And nowhere to get fiancé !!!!! And only in the US and Canadian market...
NTEK ..... Global market ..... O/S 137 million.... not much debt..... not going BK....
Need I say more .....
Your right you can't compare !!!!
NTEK BLOWS AWAY SIRIUS.....
Karmazin back was up against the wall with one day left having to make a decision to file BK...... His rival owner of Dish satellite Egan was buying up all the bond note that was secure by Sirius satellites trying to take over Sirius with the recent merger with XM in 2008 ..... same time the collapse of the banking industry.....
Liberty Media John Malone was Mel Karmazin only hope ....
Malone stole Sirius only costing Liberty media 12 million when it was all said and done ...... Liberty gave a 530 million 6 month loan for a 13% interest in return for 40% stock .....
Sirius had 3.5 billion O/S ..... 250 million cash on hand which the bond note due of 253 million....... and over 550 million in debt ..... at the time .....
And nowhere to get fiancé !!!!! And only in the US and Canadian market...
NTEK ..... Global market ..... O/S 137 million.... not much debt..... not going BK....
Need I say more .....
Your right you can't compare !!!!
NTEK BLOWS AWAY SIRIUS.....
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