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You were absolutely correct, and I was wrong. I sold this stock at $0.92 when it was announced that 50 radio stations would be broadcasting digital radio signals within the next 3 months using technology developed by ibiquity -- a private company. In other words, I sold it because this new development altered my perception of the business outlook for Sirius (and XMSR), not because I was afraid that Leon Black and a bunch of other corrupt power brokers were going to be able to hose all of the existing shareholders. However, it is obvious now that this is exactly what is going to happen. I hope existing shareholders who will own 8% of the company sell their share to the scumbags who intend to steal a 92% share for themselves, so that the scumbags will then own 100% of this trash and they'll be flushed down the drain where they belong when Sirius satellite radio fails. Even if digital radio doesn't make satellite radio obsolete, if consumers knew that their subscription dollars would be enriching scum bags, I don't think they would subscribe. If this company's history of mismanagement and corruption gets the attention it deserves from the SEC, maybe that would bring Sirius' dirty laundry to consumers' attention as well.
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