Sirius XM Holdings Inc (SIRI)

[eastunder]

Thanks Turbo.

"In the question and answer period, Richard was most impressed by Sirius XM CEO Mel Karmazin, who reiterated the fact that the company has absolutely no immediate plans to execute a reverse stock split, going as far as to tell the audience the number of shares he owned while explaining that it is only intended to be used as a “safety valve” in the future should it be required."

A safety valve? Sounds like he is still in the camp of 'we won't reverse unless the SEC makes us'.

So now the question is back to: Does the SEC extend the suspension of the nasdaq delisting rule again? Because each time they do we buy more time to get the house in order.