According to a story on CNN Money if you’re one of the nearly 19 million subscribers, there is hope. Even
if the company files for bankruptcy, analysts think it was more likely
to be a reorganization, not a liquidation.

“It’s hard to imagine the company will go away. It will survive in one
form,” said Joe Bonner, an analyst with Argus Research. “There are
assets there. Sirius XM has nearly 20 million customers that seem to
like their service. That’s nothing to sniff at.”

As for investors things might not be so great. Even if the company resolves the issue of next week’s debt maturation, it still has even more debt due later this year. If the company files for bankruptcy, investors are likely to be wiped out.

According to the article even if Sirius XM CEO Mel Karmazin gives in and strikes a deal with
Ergen, the most plausible outcome is that Ergen converts his debt into
an equity interest in Sirius XM — which would dilute the stake of
existing shareholders.

You can read the rest of the story at the link above, but the title of this post sums everything up.

Also SIRI Closed today at 0.0550 down -51.71%