car industry

Sirius (NSDQ: SIRI) Satellite Radio is asking shareholders to decide on whether the company should issue as much as 3.5 billion more shares for a reverse stock split to help pay down its crushing debt. If the board okays the plan, it would increase the amount of common stock from 4.5 to 8 billion. The board will vote on a proposal to split Sirius' common shares by a ratio between 1-for-10 to 1-for-50.

About Prescott


Prescott Shibles has served as Vice President of New Media for Penton Media, Prism Business Media and Primedia Business. Prescott's expertise covers search engine optimization, email marketing, online content strategy, writing for the web, online advertising sales, and vertical search.

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