Mel Karmazin talks to CNBC about Sirius XM Q3 Earnings
"Stock Shock," a movie about Sirius XM and the manipulation of the American stock market, was produced in only 3 months by the independent production company. "We wanted to get the story about corruption on Wall Street out to the public as soon as possible," says director Sandra Mohr. "Investors were losing their shirts and we believed the movie would help to educate and protect them." It seems to have worked. Soon after the movie spotlighted the ravaged shares of Sirius XM, the company stock rose nearly 1000 percent, and the Securities Exchange Commission appears to have finally taken an interest in naked short selling. "Many believe naked short selling was the primary reason shares of Sirius XM tanked last March," says Mohr.
"Stock Shock" is made in the tradition of Michael Moore's "Capitalism:
Mel Karmazin will appear on CNBC to discuss Sirius XM's Q3 earnings for 2009. Having come back from the brink of bankruptcy in February 2009, investo he must have good news. Now that the independent documentary "Stock Shock" has found a distributor, the sky may be the limit for this satellite company and its loyal, newly famous shareholders.
"Stock Shock" was released this summer and is available at Amazon or www.stockshockmovie.com
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