Sirius XM May Have An Investor

Sirius XMs management is still working to ensure a positive outcome for the company. The company has a possible investor the will elet the company stay solvent but it is expected that Chief Executive mel karmazin will file for bankrupcty. Some creditor at Sirius XM are planning on removing Karmazin if he files for Chapter 11 bankruptcy "Creditors will act quickly and definitively if they perceive that management is (not) acting ... in the best interest of the estate," stated Edward Weisfelner. Sirius XM's convertible bonds are due tomorrow.