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jscot

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jscot

Re: 2late2trnbck post# 9152

Wednesday, 02/11/2009 4:17:09 PM

Wednesday, February 11, 2009 4:17:09 PM

Post# of 30824
Here are the likely possible scenarios moving forward--and either way, shareholders are in trouble:

--Ergen and Karmazin cut a deal, injecting some cash into Sirius and converting its remaining $500 million-plus into equity. Common shareholders get diluted to virtually nothing.

--Sirius goes into Chapter 11 bankruptcy. Common shareholders are wiped out.

http://finance.yahoo.com/tech-ticker/article/173221/Our-Condolences-to-Sirius-Shareholders

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