According to the Wall Street Journal “Heard on the Street” column, Liberty Media is receiving a 15% interest rate on its $530 million loan to Sirius XM, and the preferred stock of Liberty has doubled since February. One reason – the Journal says “Liberty’s preferreds, which cost the company just $12,500, are now worth more than $900 million … a gain of about $9.42 for each Liberty Capital share.” Meanwhile, shares of Sirius XM (SIRI) opened for trading on Wall Street at just 35 cents, and a very large reverse-stock split, anywhere from one share for 20 owned, or even one for 50, is likely to be announced.