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No. of Recommendations: 4
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

They didn't hose down anyone. Money doesn't come for free, and Sirius needed a LOT of money. What did you expect? You only had to read their financial statements to see a major shareholder dilution would HAVE to occur for this company to survive. And hey, 8% of a company that might make a profit someday is better than 100% of a company that goes bankrupt.

Current shareholders should be glad these folks came to save their butt! (I wouldn't have, had I had several hundred million bucks to throw around.) I wouldn't be surprised if the short holding the Fool has on Sirius is sold. The company can still go out of business, but it's not the "sure short" that it was before, and holding a short on this company is far more risky than before.

Nope, things are definitely looking up for Sirius. At no point has their future looked as bright as it does today.

-- Ryan
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