You are right. $1.20 is a pivotal mark and needs to be sustained. If not a R/S is very much possible and may be needed to keep it in its current listing. With the enormous and insane share structure SIRI currently has… a R/S if it gets below $1.00-0.90 may not actually be a bad thing for the long term… imo.
A R/S is rarely a good thing… BUT… if it gets below 1.00 it may actually help it in the long run.