JR, you are no fool, sir and I certainly respect that and you are correct on the negative aspect of the investment, the growing outstanding shares which will result in 700+ million, however, you may want to consider that:
1. 2nd quarter was only our 1st growth quarter.
2. sonyBmg has committed to a 100% ramp-up by the end of 2005, this is not just nice things that I and the company are saying but Mr. Hesse himself has said that in two or more seperate public interviews.
3. All the other positives that are occurring in the PRESENT makes this a tremendous speculative play! JMHO.
4. Once the merger is complete(this year) with everything else kicking in(this year) and the ACE in the hole play, of pulling from the DTC(at mgmt's discretion,(this year)).
5. We could/should/will be looking real good by year end and positioned for EXPLOSIVE growth for 2006, yes, time goes on and the future looks extremely bright, this we will not apologize for.
6. Remember sirius radio(2b shares), I think they hit $10.00 per share and LIQUID, well, I like our positioning better than their positioning, when at the same level of developement. WHY? They were not the market leader, XM was, I also like our growth possibilities better,jmo. Sensible folks will say that intuitive folks are crazy, while at the speculative, pre-explosive developemental stage and thats ok because thats just part of what makes a market.
mariomax